Dimensional Fund Advisors LP increased its holdings in Splunk Inc. (NASDAQ:SPLK – Get Rating) by 12.5% during the third quarter, Holdings Channel.com reports. The firm owned 268,075 shares of the software company’s stock after acquiring an additional 29,725 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Splunk were worth $20,162,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in SPLK. Private Trust Co. NA purchased a new position in Splunk in the 2nd quarter worth $27,000. Ronald Blue Trust Inc. purchased a new position in shares of Splunk in the second quarter valued at about $29,000. NuWave Investment Management LLC purchased a new position in shares of Splunk in the third quarter valued at about $29,000. Clear Street Markets LLC purchased a new position in shares of Splunk in the third quarter valued at about $30,000. Finally, Pinnacle Financial Partners Inc. purchased a new position in shares of Splunk in the third quarter valued at about $37,000. Hedge funds and other institutional investors own 85.71% of the company’s stock.
Splunk Price Performance
SPLK opened at $103.29 on Tuesday. The company has a 50 day simple moving average of $96.29 and a two-hundred day simple moving average of $88.39. Splunk Inc. has a 1-year low of $65.00 and a 1-year high of $150.79. The firm has a market cap of $16.91 billion, a P/E ratio of -52.70 and a beta of 1.29.
Analyst Ratings Changes
Splunk Company Profile
Splunk, Inc engages in the development and marketing of cloud 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.
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