Y.D. More Investments Ltd Acquires 958 Shares of Splunk Inc. (NASDAQ:SPLK)

Y.D. More Investments Ltd raised its stake in Splunk Inc. (NASDAQ:SPLK) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,431 shares of the software company’s stock after purchasing an additional 958 shares during the period. Y.D. More Investments Ltd’s holdings in Splunk were worth $2,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SPLK. Jericho Capital Asset Management L.P. grew its position in shares of Splunk by 85.6% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,394,000 shares of the software company’s stock worth $203,872,000 after purchasing an additional 643,000 shares in the last quarter. Federated Hermes Inc. lifted its stake in Splunk by 48.8% in the 3rd quarter. Federated Hermes Inc. now owns 843,862 shares of the software company’s stock valued at $123,415,000 after purchasing an additional 276,742 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Splunk by 1,234.5% during the third quarter. Assenagon Asset Management S.A. now owns 279,917 shares of the software company’s stock worth $40,938,000 after buying an additional 258,941 shares during the last quarter. abrdn plc boosted its holdings in shares of Splunk by 144.7% during the 4th quarter. abrdn plc now owns 369,213 shares of the software company’s stock valued at $56,250,000 after acquiring an additional 218,311 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Splunk by 229.2% during the third quarter. Los Angeles Capital Management LLC now owns 308,857 shares of the software company’s stock worth $45,170,000 after purchasing an additional 215,041 shares during the last quarter. Institutional investors and hedge funds own 87.56% of the company’s stock.

Splunk Price Performance

NASDAQ SPLK remained flat at $156.90 on Wednesday. 5,546 shares of the company’s stock were exchanged, compared to its average volume of 2,084,977. The firm has a market cap of $26.44 billion, a PE ratio of 124.52, a PEG ratio of 4.42 and a beta of 1.00. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 15.61. Splunk Inc. has a twelve month low of $82.19 and a twelve month high of $156.97. The stock has a 50 day moving average price of $156.64 and a 200-day moving average price of $153.20.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Tuesday, February 27th. The software company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $1.42. Splunk had a net margin of 6.26% and a return on equity of 32,117.42%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.26 billion. As a group, analysts anticipate that Splunk Inc. will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SPLK shares. TheStreet raised shares of Splunk from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. StockNews.com began coverage on shares of Splunk in a report on Saturday. They set a “buy” rating for the company. Twenty-three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $135.31.

Splunk Profile

Splunk Inc, together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.