Axel Capital Management LLC Holding in Splunk INC (SPLK) Has Raised as Stock Value Rose

Splunk Inc. (NASDAQ:SPLK) LogoInvestors sentiment decreased to 1.35 in Q2 2018. Its down 0.39, from 1.74 in 2018Q1. It fall, as 39 investors sold SPLK shares while 122 reduced holdings. 65 funds opened positions while 152 raised stakes. 126.55 million shares or 3.45% less from 131.07 million shares in 2018Q1 were reported. Parametric Assoc Ltd Liability Co stated it has 113,118 shares. Eaton Vance Management reported 312,345 shares. Loomis Sayles Ltd Partnership holds 0.01% or 36,291 shares in its portfolio. Emerald Advisers Inc Pa invested 0.07% in Splunk Inc. (NASDAQ:SPLK). Polar Llp stated it has 0.17% of its portfolio in Splunk Inc. (NASDAQ:SPLK). 9,460 were accumulated by Pitcairn Communications. Chicago Equity Prns Lc has invested 0.01% of its portfolio in Splunk Inc. (NASDAQ:SPLK). Geode Management Ltd Liability Company accumulated 1.25 million shares. Driehaus Management Lc invested in 0.04% or 12,973 shares. Ls Advsr Llc holds 0.01% or 1,264 shares. 1.02 million are held by Winslow Capital Management Ltd Limited Liability Company. Profund Ltd Liability Corporation reported 2,450 shares. Federated Pa accumulated 1.91M shares. Td Asset Mngmt Inc owns 32,742 shares for 0% of their portfolio. Taylor Frigon Management Ltd Company has invested 1.47% in Splunk Inc. (NASDAQ:SPLK).

Since June 11, 2018, it had 0 insider buys, and 15 insider sales for $26.45 million activity. Another trade for 23,572 shares valued at $2.94 million was made by Merritt Douglas on Tuesday, September 11. $1.88M worth of stock was sold by St. Ledger Susan on Tuesday, June 12. The insider Tully Timothy sold 19,100 shares worth $2.40M. $1.02 million worth of Splunk Inc. (NASDAQ:SPLK) was sold by SULLIVAN GODFREY. Neustaetter Thomas M had sold 4,070 shares worth $483,125 on Tuesday, June 12. Shares for $484,040 were sold by SMITH GRAHAM.

Axel Capital Management Llc increased its stake in Splunk Inc (SPLK) by 90% based on its latest 2018Q2 regulatory filing with the SEC. Axel Capital Management Llc bought 45,000 shares as the company’s stock rose 7.03% with the market. The hedge fund held 95,000 shares of the prepackaged software company at the end of 2018Q2, valued at $9.42M, up from 50,000 at the end of the previous reported quarter. Axel Capital Management Llc who had been investing in Splunk Inc for a number of months, seems to be bullish on the $14.37 billion market cap company. The stock increased 0.58% or $0.565 during the last trading session, reaching $98.035. About 1.21M shares traded. Splunk Inc. (NASDAQ:SPLK) has risen 85.26% since November 14, 2017 and is uptrending. It has outperformed by 69.64% the S&P500.

More news for Splunk Inc. (NASDAQ:SPLK) were recently published by: Seekingalpha.com, which released: “Splunk -4% on Bernstein slash to Market Perform” on November 06, 2018. Fool.com‘s article titled: “Why Splunk Inc. Stock Dropped 17.4% in October” and published on November 13, 2018 is yet another important article.

Splunk Inc. (NASDAQ:SPLK) Ratings Coverage

Among 22 analysts covering Splunk Inc (NASDAQ:SPLK), 17 have Buy rating, 1 Sell and 4 Hold. Therefore 77% are positive. Splunk Inc had 27 analyst reports since May 21, 2018 according to SRatingsIntel. The firm has “In-Line” rating given on Tuesday, July 10 by Evercore. As per Friday, August 24, the company rating was maintained by Raymond James. The firm has “Outperform” rating given on Friday, August 24 by Robert W. Baird. BMO Capital Markets maintained it with “Outperform” rating and $125 target in Friday, May 25 report. On Friday, June 15 the stock rating was downgraded by Citigroup to “Sell”. The firm has “Buy” rating given on Friday, May 25 by MUFG Securities Americas Inc. On Thursday, October 4 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The rating was maintained by Deutsche Bank on Friday, August 24 with “Buy”. The stock has “Buy” rating by Piper Jaffray on Monday, May 21. Stifel Nicolaus maintained Splunk Inc. (NASDAQ:SPLK) on Friday, May 25 with “Buy” rating.

Splunk Inc. (NASDAQ:SPLK) Institutional Positions Chart

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