Pier Capital LLC Raises Stake in Splunk Inc. (SPLK)

Author

07 September, 2017

Connors John G also sold $3.14 million worth of Splunk Inc (NASDAQ:SPLK) on Thursday, March 30. Tudor Et Al reported 6,175 shares. Splunk Inc Com Usd0.001 now has $9.31 billion valuation. Splunk Inc. shares had a trading volume of 1,427K on Friday. About shares traded. Splunk Inc (NASDAQ:SPLK) has risen 30.53% since September 6, 2016 and is uptrending.

Splunk Inc. (Splunk), launched on April 11, 2006, is involved in the development and marketing of software solutions. Glenmede Trust Company Na who had been investing in Depomed Inc for a number of months, seems to be less bullish one the $383.60 million market cap company. It has a 19.77 P/E ratio. The Firm sells its server systems and server subsystems and accessories through a combination of distributors, including value added resellers and system integrators, and other equipment manufacturers (OEMs).

Investors sentiment increased to 1.06 in 2016 Q4. Ltd. raised its stake in shares of Splunk by 0.5% in the 1st quarter. Sold All: 48 Reduced: 103 Increased: 103 New Position: 43. Bank of New York Mellon Corp raised its position in Splunk by 40.1% during the 2nd quarter. 137.68 million shares or 4.88% more from 131.27 million shares in 2016Q3 were reported. New Jersey-based Fincl Architects Incorporated has invested 0% in Splunk Inc (NASDAQ:SPLK). Eaton Vance Mngmt reported 105,477 shares. Ls Invest Limited Liability holds 0.01% or 1,667 shares. Hall Laurie J Trustee stated it has 50 shares or 0% of all its holdings. Sei Investments has 421,778 shares. Brinker invested 0.05% in Splunk Inc (NASDAQ:SPLK). Stifel accumulated 15,903 shares.

Splunk Inc. has a 12-month low of $50.64 and a 12-month high of $69.23. Fund owns 36,099 shares.

Since March 10, 2017, it had 0 buys, and 11 sales for $14.25 million activity. Over the last quarter, insiders have sold 567,237 shares of company stock worth $33,165,553. IFP Advisors Inc now owns 3,304 shares of the software company's stock valued at $206,000 after acquiring an additional 20 shares during the last quarter. On Thursday, May 11 Gosling Matthew M sold $673,300 worth of Depomed Inc (NASDAQ:DEPO) or 59,212 shares. Also, Director Godfrey Sullivan sold 128,750 shares of Splunk stock in a transaction on Wednesday, June 14th.

Credit Suisse bumped up the target of Splunk (NASDAQ:SPLK) to $80.00 indicating a possible upside of 0.19%. Therefore 0 are positive. Susquehanna Bancshares Inc raised shares of Splunk from a "neutral" rating to a "positive" rating and set a $68.00 price target for the company in a research report on Friday, August 25th. Guggenheim reissued a "buy" rating and set a $70.00 price target on shares of Splunk in a research report on Saturday, August 19th. On August 25 Morgan Stanley left the company rating at "Overweight" but moved up the price target to $77.00 from $62.00. The company realized a fall in short interest from July 31, 2017 to August 15, 2017 of -6.56%. (NASDAQ:SPLK) from a sell rating to a hold rating in a research report report published on Friday morning. The company was maintained on Wednesday, October 12 by Citigroup. STEIN LEONARD R sold $468,901 worth of Splunk Inc (NASDAQ:SPLK) on Tuesday, March 14. As per Friday, May 27, the company rating was maintained by Maxim Group. Robert W. Baird set a $75.00 price objective on Splunk and gave the company a buy rating in a research note on Friday, August 25th.

Sands Cap Management Ltd Limited Liability Company holds 1.8% in Splunk Inc (NASDAQ:SPLK) or 10.09 million shares. Aperio Group LLC now owns 13,005 shares of the software company's stock valued at $740,000 after acquiring an additional 164 shares during the period. Moreover, Concourse Capital Management Llc has 3.54% invested in the company for 302,552 shares. The New York-based New Mountain Vantage Advisers L.L.C. has invested 2.76% in the stock. Blackrock Fund Advisors reported 1.72M shares.

The stock increased 0.46% or $0.31 on September 1, reaching $67.4. About shares traded. Super Micro Computer, Inc. Kinross Gold Corporation (USA) (NYSE:KGC) has declined 13.79% since September 5, 2016 and is downtrending. It has underperformed by 16.70% the S&P500.

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