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Great West Life Assurance Co. has purchased shares of Splunk Inc. (NASDAQ:SPLK).

Great West Life Assurance Co. has purchased shares of Splunk Inc. (NASDAQ:SPLK).

Great West Life Assurance Co. reportedly increased its holdings in Splunk Inc. (NASDAQ: SPLK) by 12.0% during the third quarter, as stated in the most recent 13F filing with the Securities and Exchange Commission (SEC). The company now has a total of 212,093 shares of ownership in the company’s stock after purchasing an additional 22,785 shares of the software company’s stock during the period. The most recent filing with the SEC reveals that Great West Life Assurance Company of Canada held 0.13% of Splunk at a value of $15,931,000.

In addition, institutional investors and other hedge funds have altered how they invest in SPLK due to recent developments. MetLife Investment Management LLC increased its stock holdings of Splunk by approximately $1,527,000 during the first quarter and invested approximately $1,527,000 of those funds to do so. During the first three months of 2016, Raymond James Trust National Association increased the amount of money it had invested in Splunk by 34.4%. Raymond James Trust N.A. was the owner of the stock of the software company as of the end of the most recent quarter. The trust owned 4,957 shares of the company’s stock, which had a value of $737,000; this represents an increase in ownership from the previous quarter when the trust only owned 1,268 shares. Prudential PLC made an initial investment of $357,000 in a new holding in Splunk. Prudential plc made this investment. During the first three months of 2018, the National Pension Service increased the proportion of Splunk stock owned by 8.1%. The National Pension Service is now the owner of 251,984 software company stock shares after purchasing an additional 18,834 shares during the preceding quarter. The stock has a value of $37,447,000, and the National Pension Service now possesses it. Last but not least, during the first quarter of 2018, Loomis Sayles & Co. L.P. spent $89,000 to acquire additional shares of Splunk to grow their investment portfolio. Most of the company’s stock is owned by institutional investors and hedge funds, which account for 85.71% of the total.

When trading began on Wednesday, an individual share of SPLK stock was valued at $89.71 per share. The stock price is currently fluctuating between a range corresponding to its 50-day and 200-day simple moving averages, which are $84.38 and $89.16, respectively. The business currently has a beta of 1.30 and is valued at $14.69 billion on the market. The company has a price-to-earnings ratio of -20.96. During the most recent calendar year, the share price of Splunk Inc. ranged from a low of $65.00 to a high of $150.79.

Splunk, whose shares are traded on the NASDAQ using the ticker symbol “SPLK,” released its most recent earnings report on November 30. Compared to the previous quarter’s earnings of $0.74 per share, the software company’s quarterly earnings of $0.02 per share were $0.72 better than the consensus estimate of $0.74. However, the actual revenue that the company brought in for the quarter was $929.77 million, which is significantly higher than the $845.91 million that analysts predicted it would bring in for the quarter. The return on equity for Splunk was negative by a margin of 396.11%, and the net margin for the company was negative by a


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