Piper Jaffray Reiterates $80.0 TP On Splunk (SPLK), Reiterates Buy Rating; Trustmark National Bank Trust Department Decreased Avery Dennison (AVY) Holding By $2.89 Million

November 15, 2017 - By Vivian Park

Among 39 analysts covering Splunk Inc (NASDAQ:SPLK), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Splunk Inc has $95.0 highest and $44 lowest target. $72.66’s average target is 6.31% above currents $68.35 stock price. Splunk Inc had 123 analyst reports since August 24, 2015 according to SRatingsIntel. On Monday, August 31 the stock rating was maintained by Cantor Fitzgerald with “Buy”. On Monday, August 31 the stock rating was maintained by Credit Suisse with “Outperform”. RBC Capital Markets maintained Splunk Inc (NASDAQ:SPLK) rating on Friday, February 19. RBC Capital Markets has “Outperform” rating and $56 target. The rating was maintained by Canaccord Genuity on Monday, August 21 with “Buy”. As per Thursday, July 21, the company rating was maintained by Maxim Group. The stock of Splunk Inc (NASDAQ:SPLK) earned “Outperform” rating by Wedbush on Friday, August 28. The firm has “Buy” rating by Maxim Group given on Friday, May 27. The firm earned “Buy” rating on Tuesday, September 26 by Jefferies. The firm has “Buy” rating given on Friday, August 25 by Northland Capital. The rating was maintained by Northland Capital with “Buy” on Tuesday, October 17.

Trustmark National Bank Trust Department decreased Avery Dennison Corp (AVY) stake by 86.04% reported in 2017Q2 SEC filing. Trustmark National Bank Trust Department sold 32,840 shares as Avery Dennison Corp (AVY)’s stock rose 4.22%. The Trustmark National Bank Trust Department holds 5,328 shares with $471,000 value, down from 38,168 last quarter. Avery Dennison Corp now has $9.52 billion valuation. It closed at $108.17 lastly. It is down 10.91% since November 15, 2016 and is uptrending. It has underperformed by 5.79% the S&P500.

Since May 16, 2017, it had 0 insider purchases, and 2 insider sales for $954,517 activity. On Tuesday, May 16 the insider Anderson Anthony sold $80,201. STANDER DEON sold $422,500 worth of stock or 5,000 shares.

Among 9 analysts covering Avery Dennison (NYSE:AVY), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Avery Dennison had 23 analyst reports since October 15, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, September 20 by KeyBanc Capital Markets. The stock of Avery Dennison Corp (NYSE:AVY) earned “Hold” rating by Loop Capital on Thursday, October 26. As per Thursday, October 26, the company rating was downgraded by J.P. Morgan. JP Morgan upgraded Avery Dennison Corp (NYSE:AVY) on Thursday, October 27 to “Overweight” rating. The firm has “Buy” rating by Robert W. Baird given on Thursday, October 26. On Thursday, October 26 the stock rating was downgraded by JP Morgan to “Neutral”. The stock of Avery Dennison Corp (NYSE:AVY) has “Buy” rating given on Friday, January 6 by Citigroup. The rating was maintained by Robert W. Baird on Tuesday, October 10 with “Buy”. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, July 25. The firm has “Overweight” rating by Barclays Capital given on Monday, May 2.

Investors sentiment increased to 0.97 in Q2 2017. Its up 0.05, from 0.92 in 2017Q1. It increased, as 32 investors sold AVY shares while 164 reduced holdings. 60 funds opened positions while 130 raised stakes. 71.92 million shares or 2.27% less from 73.59 million shares in 2017Q1 were reported. Cantab Ptnrs Llp has invested 0% in Avery Dennison Corp (NYSE:AVY). Axa holds 0.11% or 277,856 shares in its portfolio. Utah Retirement System holds 16,125 shares. Bancshares Of New York Mellon invested in 0.04% or 1.75M shares. 1St Advsrs reported 14,353 shares. 3,400 were reported by Highvista Strategies Lc. Amica Mutual Insurance reported 0.04% stake. Calamos Advsrs Lc invested in 0.02% or 34,851 shares. Smithfield Trust invested 0.03% of its portfolio in Avery Dennison Corp (NYSE:AVY). 21,675 were reported by Cibc World Mkts. Prelude Cap Lc has invested 0% in Avery Dennison Corp (NYSE:AVY). Sei Invs Com reported 64,855 shares. Aberdeen Asset Management Public Ltd Com Uk has invested 0.03% in Avery Dennison Corp (NYSE:AVY). Bnp Paribas Arbitrage Sa, a New York-based fund reported 266,938 shares. Teacher Retirement System Of Texas stated it has 63,342 shares.

Trustmark National Bank Trust Department increased Ishares (EEM) stake by 13,236 shares to 103,402 valued at $4.28M in 2017Q2. It also upped Spdr (SJNK) stake by 74,529 shares and now owns 990,680 shares. Wells Fargo & Company (NYSE:WFC) was raised too.

Analysts await Avery Dennison Corp (NYSE:AVY) to report earnings on February, 7. They expect $1.25 EPS, up 26.26% or $0.26 from last year’s $0.99 per share. AVY’s profit will be $110.01 million for 21.63 P/E if the $1.25 EPS becomes a reality. After $1.26 actual EPS reported by Avery Dennison Corp for the previous quarter, Wall Street now forecasts -0.79% negative EPS growth.

Splunk Inc. is engaged in the development and marketing of software solutions. The company has market cap of $9.57 billion. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It currently has negative earnings. The Company’s offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

Investors sentiment increased to 1.06 in Q2 2017. Its up 0.09, from 0.97 in 2017Q1. It is positive, as 40 investors sold Splunk Inc shares while 92 reduced holdings. 40 funds opened positions while 100 raised stakes. 138.32 million shares or 0.19% less from 138.59 million shares in 2017Q1 were reported. Clarivest Asset Management Lc has 10 shares for 0% of their portfolio. Citigroup reported 52,238 shares or 0% of all its holdings. 3 are held by Wfg Advsrs L P. Asset Mgmt One reported 203,167 shares. Schroder Investment Mngmt Grp holds 24,919 shares. Ngam Advsr L P holds 0.01% of its portfolio in Splunk Inc (NASDAQ:SPLK) for 16,038 shares. Hall Laurie J Trustee holds 0% or 50 shares in its portfolio. Sit Invest has 0.03% invested in Splunk Inc (NASDAQ:SPLK) for 19,675 shares. 154,181 were reported by Rhumbline Advisers. Pittenger Anderson Inc holds 1,045 shares or 0.01% of its portfolio. Parametric Port Assocs Ltd Liability Corp has 0.01% invested in Splunk Inc (NASDAQ:SPLK) for 83,900 shares. Reliance Tru Communication Of Delaware invested in 0.08% or 8,894 shares. Tiaa Cref Invest Mgmt Lc has invested 0.01% in Splunk Inc (NASDAQ:SPLK). Janney Montgomery Scott Ltd Co has 5,825 shares. Pitcairn holds 0.06% of its portfolio in Splunk Inc (NASDAQ:SPLK) for 8,518 shares.

Since May 30, 2017, it had 0 insider purchases, and 6 sales for $8.63 million activity. CONTE DAVID F had sold 1,044 shares worth $64,937 on Friday, June 2. SULLIVAN GODFREY sold $7.41M worth of Splunk Inc (NASDAQ:SPLK) on Monday, June 12. On Saturday, June 10 STEIN LEONARD R sold $282,328 worth of Splunk Inc (NASDAQ:SPLK) or 4,851 shares. The insider Merritt Douglas sold 10,125 shares worth $587,351.

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