CWM Advisors LLC cut its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 13.9% during the fourth quarter, Holdings Channel reports. The firm owned 3,640 shares of the software company’s stock after selling 586 shares during the quarter. CWM Advisors LLC’s holdings in Splunk were worth $545,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of SPLK. Nuveen Asset Management LLC grew its position in shares of Splunk by 910.6% during the second quarter. Nuveen Asset Management LLC now owns 644,226 shares of the software company’s stock worth $81,011,000 after buying an additional 580,476 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Splunk by 19.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,688,527 shares of the software company’s stock worth $199,010,000 after buying an additional 280,294 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its position in shares of Splunk by 31.6% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 1,137,268 shares of the software company’s stock worth $134,038,000 after acquiring an additional 273,075 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Splunk by 6.1% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,987,276 shares of the software company’s stock worth $352,080,000 after acquiring an additional 171,422 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Splunk in the 3rd quarter valued at about $13,354,000. 90.71% of the stock is currently owned by institutional investors and hedge funds.
In related news, CAO Timothy Emanuelson sold 549 shares of Splunk stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $124.94, for a total value of $68,592.06. Following the transaction, the chief accounting officer now directly owns 34,302 shares in the company, valued at approximately $4,285,691.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ledger Susan St. sold 8,096 shares of Splunk stock in a transaction on Friday, November 8th. The shares were sold at an average price of $125.00, for a total transaction of $1,012,000.00. Following the completion of the transaction, the insider now owns 210,537 shares in the company, valued at $26,317,125. The disclosure for this sale can be found here. Insiders have sold 58,759 shares of company stock valued at $8,474,257 in the last 90 days. Company insiders own 0.34% of the company’s stock.
SPLK has been the topic of several research analyst reports. Northland Securities reissued a “buy” rating and set a $160.00 target price on shares of Splunk in a research report on Friday, November 22nd. UBS Group reaffirmed a “buy” rating and issued a $176.00 price target on shares of Splunk in a report on Monday, January 13th. Piper Jaffray Companies assumed coverage on shares of Splunk in a research note on Friday, November 8th. They issued an “overweight” rating and a $160.00 price target on the stock. First Analysis cut shares of Splunk from an “outperform” rating to a “neutral” rating and set a $157.00 price objective on the stock. in a report on Tuesday, January 14th. Finally, Wedbush reissued an “outperform” rating on shares of Splunk in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. Splunk currently has a consensus rating of “Buy” and a consensus price target of $161.09.
SPLK opened at $157.00 on Friday. The business has a 50 day moving average price of $151.87 and a two-hundred day moving average price of $131.73. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.06. The company has a market cap of $24.62 billion, a PE ratio of -75.48 and a beta of 2.06. Splunk Inc has a 52 week low of $107.16 and a 52 week high of $161.49.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, November 21st. The software company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Splunk had a negative return on equity of 11.03% and a negative net margin of 14.24%. The company had revenue of $626.00 million during the quarter, compared to analysts’ expectations of $605.20 million. During the same period last year, the firm earned $0.38 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, sell-side analysts expect that Splunk Inc will post -0.86 EPS 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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