Daiwa Securities Group Inc. raised its position in shares of Splunk Inc (NASDAQ:SPLK) by 14.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,260 shares of the software company’s stock after purchasing an additional 806 shares during the period. Daiwa Securities Group Inc.’s holdings in Splunk were worth $738,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Parallel Advisors LLC grew its stake in Splunk by 16.2% during the 3rd quarter. Parallel Advisors LLC now owns 888 shares of the software company’s stock worth $105,000 after buying an additional 124 shares during the last quarter. Synovus Financial Corp grew its stake in Splunk by 3.6% during the 3rd quarter. Synovus Financial Corp now owns 6,402 shares of the software company’s stock worth $754,000 after buying an additional 225 shares during the last quarter. IFM Investors Pty Ltd grew its stake in Splunk by 40.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 15,851 shares of the software company’s stock worth $1,868,000 after buying an additional 4,541 shares during the last quarter. Sigma Planning Corp grew its stake in Splunk by 6.7% during the 3rd quarter. Sigma Planning Corp now owns 3,860 shares of the software company’s stock worth $455,000 after buying an additional 243 shares during the last quarter. Finally, Wealthstreet Investment Advisors LLC grew its stake in Splunk by 4.0% during the 3rd quarter. Wealthstreet Investment Advisors LLC now owns 16,355 shares of the software company’s stock worth $1,950,000 after buying an additional 625 shares during the last quarter. 91.12% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a $157.00 target price on shares of Splunk in a research note on Tuesday, October 8th. Barclays dropped their target price on Splunk from $158.00 to $142.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Bank of America restated a “buy” rating and set a $167.00 target price on shares of Splunk in a research note on Thursday, September 19th. Robert W. Baird cut Splunk from an “outperform” rating to a “neutral” rating and set a $127.00 price target for the company. in a research report on Thursday, August 22nd. Finally, BidaskClub cut Splunk from a “buy” rating to a “hold” rating in a research report on Saturday, October 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $148.59.
In related news, SVP Timothy Tully sold 4,391 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $115.21, for a total value of $505,887.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Timothy Emanuelson sold 549 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $124.94, for a total value of $68,592.06. Following the completion of the transaction, the chief accounting officer now directly owns 34,302 shares of the company’s stock, valued at approximately $4,285,691.88. The disclosure for this sale can be found here. Insiders sold a total of 26,906 shares of company stock valued at $3,187,086 in the last ninety days. 0.34% of the stock is currently owned by insiders.
Shares of SPLK stock opened at $124.72 on Thursday. The stock has a market cap of $18.92 billion, a PE ratio of -78.44 and a beta of 2.03. The business has a 50-day simple moving average of $119.19 and a 200-day simple moving average of $123.83. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 1.30. Splunk Inc has a 52-week low of $83.69 and a 52-week high of $143.70.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Wednesday, August 21st. The software company reported ($0.35) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.51) by $0.16. The business had revenue of $516.56 million during the quarter, compared to analysts’ expectations of $488.97 million. Splunk had a negative return on equity of 12.73% and a negative net margin of 15.16%. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. Sell-side analysts anticipate that Splunk Inc will post -0.88 earnings per share for the current fiscal year.
Splunk Company Profile
Splunk, Inc engages in the development and marketing of 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. The company was founded by Erik M.
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