Today, Sei Investments Co. Raises its position in Splunk Inc. (SPLK) as a favorable investment target.

Today, Sei Investments Co. Raises its position in Splunk Inc. (SPLK) as a favorable investment target.

Sei Investments Co. boosted its stake in shares of Splunk Inc. (NASDAQ:SPLK) by 8.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 461,612 shares of the software company’s stock after buying an additional 37,619 shares during the period. Sei Investments Co. owned approximately 0.34% of Splunk worth $27,088,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its stake in Splunk by 6.2% in the third quarter. UBS Asset Management Americas Inc. now owns 332,632 shares of the software company’s stock worth $19,518,000 after buying an additional 19,395 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Splunk by 92.4% in the third quarter. Daiwa Securities Group Inc. now owns 23,700 shares of the software company’s stock worth $1,390,000 after buying an additional 11,385 shares during the last quarter. Penserra Capital Management LLC raised its stake in Splunk by 7.9% in the third quarter. Penserra Capital Management LLC now owns 564,300 shares of the software company’s stock worth $33,112,000 after buying an additional 41,255 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in Splunk by 1.2% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 54,565 shares of the software company’s stock worth $3,202,000 after buying an additional 670 shares during the last quarter. Finally, Decatur Capital Management Inc. raised its stake in Splunk by 2.8% in the third quarter. Decatur Capital Management Inc. now owns 116,175 shares of the software company’s stock worth $6,817,000 after buying an additional 3,200 shares during the last quarter. 98.38% of the stock is currently owned by institutional investors.

Shares of Splunk Inc. (NASDAQ:SPLK) traded up 1.14% during trading on Friday, hitting $58.31. The company had a trading volume of 244,574 shares. The firm has a 50 day moving average of $59.22 and a 200 day moving average of $58.33. The stock’s market cap is $7.85 billion. Splunk Inc. has a 12-month low of $29.85 and a 12-month high of $66.90.

Several research firms recently weighed in on SPLK. RBC Capital Markets reiterated a “buy” rating and set a $70.00 target price (up from $60.00) on shares of Splunk in a research report on Friday, August 19th. Vetr downgraded Splunk from a “strong-buy” rating to a “buy” rating and set a $66.00 target price on the stock. in a research report on Monday, October 24th. Royal Bank Of Canada increased their target price on Splunk from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, August 19th. Barclays PLC reiterated an “equal weight” rating and set a $51.00 target price on shares of Splunk in a research report on Thursday, August 25th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $75.00 target price (up from $65.00) on shares of Splunk in a research report on Friday, August 26th. Ten research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $66.77.

In related news, SVP Leonard R. Stein sold 1,075 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $60.00, for a total transaction of $64,500.00. Following the sale, the senior vice president now directly owns 115,262 shares in the company, valued at approximately $6,915,720. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Godfrey Sullivan sold 128,750 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $58.93, for a total value of $7,587,237.50. Following the sale, the director now owns 440,426 shares in the company, valued at $25,954,304.18. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Splunk Company Profile

Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.

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