Learn Why Ameriprise Financial Inc Purchased Splunk Inc Stake?

February 15, 2018 - By Stephen Andrade

 Learn Why Ameriprise Financial Inc Purchased Splunk Inc Stake?

Investors sentiment increased to 1.41 in Q3 2017. Its up 0.35, from 1.06 in 2017Q2. It improved, as 33 investors sold Splunk Inc. shares while 81 reduced holdings. 53 funds opened positions while 108 raised stakes. 143.10 million shares or 3.45% more from 138.32 million shares in 2017Q2 were reported.

Ig Invest Management Limited owns 25,240 shares. Kistler has invested 0.01% in Splunk Inc. (NASDAQ:SPLK). Glg Ltd Liability Corp, New York-based fund reported 6,452 shares. Envestnet Asset Mngmt, Illinois-based fund reported 9,775 shares. Commonwealth Equity Svcs Inc stated it has 3,170 shares. Williams Jones And Associates Limited Liability Com has 0.01% invested in Splunk Inc. (NASDAQ:SPLK). Pier Cap Ltd Llc reported 8,888 shares. Citigroup accumulated 0% or 71,980 shares. Wealthtrust owns 64 shares. Fiera Cap Corporation holds 563,107 shares. World Asset Mngmt, a Michigan-based fund reported 6,339 shares. Polar Capital Llp holds 0.6% or 808,833 shares. Caisse De Depot Et Placement Du Quebec invested 0% in Splunk Inc. (NASDAQ:SPLK). 13,851 were reported by Bancorp Of Montreal Can. Lazard Asset Limited Liability Company owns 659,665 shares.

Since August 14, 2017, it had 0 insider buys, and 15 selling transactions for $25.97 million activity. Shares for $683,741 were sold by Merritt Douglas on Wednesday, September 13. On Thursday, October 12 the insider SULLIVAN GODFREY sold $2.54M. 4,851 shares were sold by STEIN LEONARD R, worth $390,684 on Sunday, December 10. On Wednesday, December 13 the insider Campione Richard sold $598,350. $1.49M worth of Splunk Inc. (NASDAQ:SPLK) shares were sold by CONTE DAVID F. Neustaetter Thomas M also sold $244,668 worth of Splunk Inc. (NASDAQ:SPLK) shares.

The New Ameriprise Financial Inc Holding in Splunk Inc

Ameriprise Financial Inc reported SC 13G/A form with the SEC for Splunk Inc. Access it here: 000119312518045335. As reported by Ameriprise Financial Inc, the filler owns 3.57% or 5,066,284 shares of the Information Technology–company.

Splunk Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Ameriprise Financial Inc’s positive view for Splunk Inc.

Splunk Inc Institutional Sentiment

Filings show 280 investors own Splunk Inc. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 4423080. 114287174 were owned by these investors. 38 funds opened new Splunk Inc stakes, 123 increased positions. There were 52 that closed positions and 89 reduced them.

Westend Capital Management Llc is an investor bullish on Splunk Inc, owning 35320 shares as of Q3 2015 for 2.59% of its portfolio. Frank Slattery Symmetry Peak Management Llc owns 5000 shares or 0.05% of its portfolio. NY Bennett Lawrence Management Llc have 2.42% of its portfolio for 136642 shares. Further, Glynn Capital Management Llc reported stake worth 1.93% of its portfolio. The NC Afton Capital Management Llc owns 25000 shares. Splunk Inc is 4.09% of its portfolio.

Business Profile

Splunk Inc. (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data. Machine data is produced by various software application and electronic devices in an organization and contains a definitive, time-stamped record of various activities, such as transactions, customer and user activities and security threats. Its products help users in various roles, including information technology (IT), security and business professionals, to analyze their machine data and achieve real-time visibility into and intelligence about their organization’s operations. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats. The Company offers Splunk Enterprise, which is a machine data platform.

SEC Form 13G.

Analysts await Splunk Inc. (NASDAQ:SPLK) to report earnings on February, 22. They expect $-0.17 EPS, up 59.52 % or $0.25 from last year’s $-0.42 per share. After $-0.39 actual EPS reported by Splunk Inc. for the previous quarter, Wall Street now forecasts -56.41 % EPS growth.

The stock increased 4.22% or $3.9 during the last trading session, reaching $96.25. About 1.23 million shares traded. Splunk Inc. (NASDAQ:SPLK) has risen 30.53% since February 15, 2017 and is uptrending. It has outperformed by 13.83% the S&P500.

Splunk Inc. provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company has market cap of $13.62 billion. The company's products enable users to collect, index, search, explore, monitor, and analyze data regardless of format or source. It currently has negative earnings. It offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud service.

Splunk Inc. (NASDAQ:SPLK) Ratings Coverage

Among 43 analysts covering Splunk Inc (NASDAQ:SPLK), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Splunk Inc has $115.0 highest and $44 lowest target. $81.74’s average target is -15.08% below currents $96.25 stock price. Splunk Inc had 152 analyst reports since August 24, 2015 according to SRatingsIntel. As per Friday, August 25, the company rating was maintained by Morgan Stanley. Maxim Group maintained the shares of SPLK in report on Friday, August 25 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Friday, October 27 report. The stock of Splunk Inc. (NASDAQ:SPLK) has “Outperform” rating given on Friday, February 19 by RBC Capital Markets. The rating was downgraded by Guggenheim on Tuesday, October 4 to “Neutral”. As per Friday, August 25, the company rating was maintained by Barclays Capital. KeyBanc Capital Markets maintained the shares of SPLK in report on Friday, November 17 with “Overweight” rating. The rating was maintained by Maxim Group with “Buy” on Friday, May 26. The firm has “Positive” rating by Susquehanna given on Friday, August 25. The stock has “Buy” rating by Cantor Fitzgerald on Monday, August 31.

More news for Splunk Inc. (NASDAQ:SPLK) were recently published by: Seekingalpha.com, which released: “Needham raises its Splunk target to 24% upside” on January 29, 2018. Nasdaq.com‘s article titled: “Splunk Reaches Analyst Target Price” and published on February 13, 2018 is yet another important article.

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