Pacific Capital Wealth Advisors Inc. Takes $67,000 Position in Splunk Inc. (NASDAQ:SPLK)

Pacific Capital Wealth Advisors Inc. bought a new position in Splunk Inc. (NASDAQ:SPLK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 437 shares of the software company’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPLK. Stratos Wealth Partners LTD. purchased a new position in shares of Splunk during the third quarter worth $209,000. Brown Advisory Inc. lifted its holdings in shares of Splunk by 123.2% in the 3rd quarter. Brown Advisory Inc. now owns 10,389 shares of the software company’s stock valued at $1,519,000 after buying an additional 5,734 shares during the period. Everhart Financial Group Inc. acquired a new stake in Splunk during the third quarter worth about $272,000. Strs Ohio purchased a new position in Splunk during the third quarter valued at approximately $12,431,000. Finally, IFM Investors Pty Ltd lifted its holdings in Splunk by 2.3% in the third quarter. IFM Investors Pty Ltd now owns 31,514 shares of the software company’s stock valued at $4,609,000 after acquiring an additional 708 shares during the period. Institutional investors and hedge funds own 87.56% of the company’s stock.

Splunk Stock Performance

SPLK stock remained flat at $156.90 during midday trading on Wednesday. The company’s stock had a trading volume of 5,546 shares, compared to its average volume of 2,084,977. Splunk Inc. has a one year low of $82.19 and a one year high of $156.97. The company has a debt-to-equity ratio of 15.61, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $26.44 billion, a PE ratio of 124.52, a PEG ratio of 4.42 and a beta of 1.00. The company’s fifty day simple moving average is $156.77 and its 200-day simple moving average is $153.51.

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

Analyst Ratings Changes

SPLK has been the subject of several recent research reports. StockNews.com initiated coverage on shares of Splunk in a report on Sunday. They set a “buy” rating for the company. TheStreet upgraded Splunk from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. Twenty-three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.