Splunk Inc (SPLK) Stake Boosted by US Bancorp DE
US Bancorp DE grew its position in shares of Splunk Inc (NASDAQ:SPLK) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 324,876 shares of the software company’s stock after acquiring an additional 11,907 shares during the period. US Bancorp DE’s holdings in Splunk were worth $40,481,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc grew its holdings in Splunk by 0.3% in the third quarter. Vanguard Group Inc now owns 12,476,788 shares of the software company’s stock worth $1,508,569,000 after purchasing an additional 37,885 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Splunk by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 3,122,059 shares of the software company’s stock valued at $377,486,000 after buying an additional 219,247 shares during the last quarter. Norges Bank purchased a new stake in shares of Splunk during the fourth quarter valued at approximately $210,940,000. Geode Capital Management LLC grew its holdings in shares of Splunk by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,338,165 shares of the software company’s stock valued at $140,208,000 after buying an additional 42,563 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Splunk by 37.6% during the fourth quarter. Hsbc Holdings PLC now owns 1,278,350 shares of the software company’s stock valued at $134,036,000 after buying an additional 349,380 shares during the last quarter. 93.65% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Splunk from $121.00 to $140.00 and gave the company an “equal weight” rating in a report on Tuesday, March 19th. BidaskClub upgraded shares of Splunk from a “hold” rating to a “buy” rating in a research report on Thursday, March 21st. Raymond James increased their price objective on shares of Splunk from $122.00 to $157.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Maxim Group increased their price objective on shares of Splunk to $159.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Deutsche Bank increased their price objective on shares of Splunk to $160.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $143.84.
SPLK traded down $1.73 during trading on Wednesday, hitting $136.54. The company’s stock had a trading volume of 25,274 shares, compared to its average volume of 1,564,626. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 1.07. Splunk Inc has a one year low of $83.69 and a one year high of $143.70. The company has a market capitalization of $20.56 billion, a PE ratio of -85.79 and a beta of 2.03.
Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, February 28th. The software company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). Splunk had a negative return on equity of 14.59% and a negative net margin of 15.28%. The business had revenue of $622.09 million during the quarter, compared to the consensus estimate of $562.22 million. Equities analysts forecast that Splunk Inc will post -1.08 earnings per share for the current fiscal year.
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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