Cabot Wealth Management raised its position in shares of Splunk Inc (NASDAQ:SPLK) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The hedge fund owned 33,987 shares of the software company’s stock after buying an additional 90 shares during the period. Cabot Wealth Management’s holdings in Splunk were worth $1,999,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Beacon Capital Management purchased a new stake in Splunk during the fourth quarter worth approximately $0. D. Scott Neal bought a new position in Splunk during the fourth quarter worth $161,000. Saturna Capital boosted its position in Splunk by 67.2% in the third quarter. Saturna Capital now owns 14,161 shares of the software company’s stock worth $784,000 after buying an additional 5,693 shares during the period. KBC Group boosted its position in Splunk by 3,361.4% in the third quarter. KBC Group now owns 141,329 shares of the software company’s stock worth $7,823,000 after buying an additional 137,246 shares during the period. Finally, Janus Capital Management boosted its position in Splunk by 140.3% in the third quarter. Janus Capital Management now owns 176,300 shares of the software company’s stock worth $9,758,000 after buying an additional 102,925 shares during the period.

Splunk Inc (NASDAQ:SPLK) traded down 2.22% during mid-day trading on Wednesday, reaching $47.54. The company had a trading volume of 1,108,874 shares. The stock’s market capitalization is $6.17 billion. The company’s 50 day moving average is $53.71 and its 200 day moving average is $59.76. Splunk Inc has a 52-week low of $44.04 and a 52-week high of $76.85.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, November 19th. The software company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. During the same period last year, the firm earned $0.02 EPS. The firm earned $174.40 million during the quarter, compared to analyst estimates of $160.20 million. Splunk’s quarterly revenue was up 50.3% on a year-over-year basis. Equities analysts predict that Splunk Inc will post $0.15 earnings per share for the current year.

A number of equities analysts have recently weighed in on SPLK shares. William Blair reissued a “buy” rating on shares of Splunk in a report on Tuesday, September 29th. Drexel Hamilton started coverage on Splunk in a report on Friday, October 9th. They issued a “buy” rating and a $70.00 price target for the company. JMP Securities reissued an “outperform” rating and issued a $81.00 price target on shares of Splunk in a report on Friday, November 13th. Wedbush reissued an “outperform” rating and issued a $86.00 price target (up from $83.00) on shares of Splunk in a report on Friday, November 20th. Finally, FBR & Co. reissued a “buy” rating and issued a $90.00 price target on shares of Splunk in a report on Friday, November 20th. Nine research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $77.80.

In related news, SVP Guido Schroeder sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $57.46, for a total value of $574,600.00. Following the completion of the transaction, the senior vice president now directly owns 108,135 shares of the company’s stock, valued at approximately $6,213,437.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Steven R. Sommer sold 22,738 shares of the company’s stock in a transaction on Tuesday, January 19th. The stock was sold at an average price of $49.39, for a total transaction of $1,123,029.82. Following the completion of the transaction, the chief marketing officer now directly owns 207,127 shares of the company’s stock, valued at $10,230,002.53. The disclosure for this sale can be found here.

Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Company’s products allow users to collect, index, search, explore, monitor and analyze data regardless of format or source. The Company’s products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Company’s flagship product is Splunk Enterprise, which is a machine data engine, consisting of collection, indexing, search, reporting, analysis, alerting, and monitoring and data management capabilities. The Company’s Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.

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