Genesee Capital Advisors LLC purchased a new position in shares of Splunk Inc (NASDAQ:SPLK) in the second quarter, HoldingsChannel reports. The institutional investor purchased 11,610 shares of the software company’s stock, valued at approximately $1,459,000. Splunk accounts for 1.5% of Genesee Capital Advisors LLC’s portfolio, making the stock its 20th largest position.

A number of other institutional investors have also made changes to their positions in SPLK. Parallel Advisors LLC boosted its position in Splunk by 11.9% in the 1st quarter. Parallel Advisors LLC now owns 714 shares of the software company’s stock valued at $89,000 after buying an additional 76 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in Splunk by 0.7% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 13,230 shares of the software company’s stock valued at $1,664,000 after buying an additional 91 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in Splunk by 2.3% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 4,400 shares of the software company’s stock valued at $548,000 after buying an additional 100 shares during the last quarter. Successful Portfolios LLC boosted its position in Splunk by 4.0% in the 1st quarter. Successful Portfolios LLC now owns 2,772 shares of the software company’s stock valued at $345,000 after buying an additional 106 shares during the last quarter. Finally, Juncture Wealth Strategies LLC boosted its position in Splunk by 3.6% in the 2nd quarter. Juncture Wealth Strategies LLC now owns 4,286 shares of the software company’s stock valued at $539,000 after buying an additional 147 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Douglas Merritt sold 13,342 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $115.21, for a total transaction of $1,537,131.82. Following the sale, the chief executive officer now owns 296,211 shares in the company, valued at $34,126,469.31. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Scott Morgan sold 1,328 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $115.23, for a total transaction of $153,025.44. Following the sale, the general counsel now owns 60,768 shares in the company, valued at approximately $7,002,296.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,813 shares of company stock worth $3,676,685. 0.34% of the stock is owned by company insiders.

A number of equities analysts have weighed in on SPLK shares. Needham & Company LLC upped their price objective on shares of ViaSat from $78.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Wedbush set a $79.00 price target on shares of Aimmune Therapeutics and gave the stock a “buy” rating in a research report on Friday, May 24th. Mitsubishi UFJ Financial Group increased their price target on shares of Splunk to $159.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $144.27.

SPLK traded up $0.25 on Tuesday, hitting $138.47. 13,344 shares of the company’s stock were exchanged, compared to its average volume of 1,197,982. The firm has a market capitalization of $20.54 billion, a price-to-earnings ratio of -86.88 and a beta of 2.06. Splunk Inc has a twelve month low of $83.69 and a twelve month high of $143.70. The company’s fifty day simple moving average is $129.48. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.29.

Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, May 23rd. The software company reported ($0.85) earnings per share for the quarter, missing the consensus estimate of ($0.77) by ($0.08). The business had revenue of $424.90 million for the quarter, compared to analyst estimates of $395.92 million. Splunk had a negative return on equity of 14.98% and a negative net margin of 16.31%. Splunk’s revenue was up 36.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) EPS. On average, equities analysts expect that Splunk Inc will post -0.99 EPS for the current fiscal year.

About Splunk

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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