Natixis Advisors L.P. lifted its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 2.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 26,421 shares of the software company’s stock after purchasing an additional 706 shares during the period. Natixis Advisors L.P.’s holdings in Splunk were worth $3,335,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in SPLK. Norges Bank bought a new stake in shares of Splunk during the fourth quarter worth $207,366,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Splunk by 36.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,227,375 shares of the software company’s stock valued at $281,162,000 after buying an additional 597,306 shares during the period. First Trust Advisors LP lifted its stake in Splunk by 61.3% in the fourth quarter. First Trust Advisors LP now owns 1,452,776 shares of the software company’s stock valued at $217,582,000 after buying an additional 552,172 shares during the period. Westfield Capital Management Co. LP lifted its stake in Splunk by 68.8% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,344,429 shares of the software company’s stock valued at $201,355,000 after buying an additional 548,012 shares during the period. Finally, Iridian Asset Management LLC CT acquired a new position in Splunk in the fourth quarter valued at about $62,955,000. Institutional investors own 92.68% of the company’s stock.
In related news, insider Ledger Susan St. sold 2,617 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $174.95, for a total transaction of $457,844.15. Following the sale, the insider now owns 179,988 shares in the company, valued at approximately $31,488,900.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Timothy Tully sold 6,580 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $121.80, for a total value of $801,444.00. Following the sale, the senior vice president now owns 88,417 shares in the company, valued at approximately $10,769,190.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,290 shares of company stock worth $12,839,420. 0.34% of the stock is owned by corporate insiders.
NASDAQ SPLK opened at $156.36 on Wednesday. The business’s 50-day moving average price is $128.36 and its two-hundred day moving average price is $140.38. Splunk Inc has a 12 month low of $93.92 and a 12 month high of $176.31. The firm has a market capitalization of $24.34 billion, a PE ratio of -69.80 and a beta of 1.52. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.98.
Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Wednesday, March 4th. The software company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). Splunk had a negative net margin of 14.27% and a negative return on equity of 10.80%. The company had revenue of $791.18 million during the quarter, compared to the consensus estimate of $783.34 million. During the same quarter last year, the firm posted $0.93 EPS. The company’s quarterly revenue was up 27.2% on a year-over-year basis. As a group, analysts forecast that Splunk Inc will post -3.1 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the company. BMO Capital Markets raised their price target on Splunk from $155.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. ValuEngine raised Splunk from a “hold” rating to a “buy” rating in a research report on Tuesday, March 10th. Jefferies Financial Group lifted their target price on Splunk from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Credit Suisse Group reissued a “buy” rating and issued a $170.00 target price on shares of Splunk in a research report on Thursday, March 5th. Finally, Stifel Nicolaus lifted their target price on Splunk from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $165.18.
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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