Swiss National Bank Acquires 125,500 Shares of Splunk Inc (NASDAQ:SPLK)

Swiss National Bank increased its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 26.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 599,138 shares of the software company’s stock after acquiring an additional 125,500 shares during the quarter. Swiss National Bank owned about 0.38% of Splunk worth $75,629,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in SPLK. Valeo Financial Advisors LLC increased its holdings in Splunk by 553.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 196 shares of the software company’s stock valued at $29,000 after buying an additional 166 shares during the period. Meeder Asset Management Inc. increased its holdings in Splunk by 42.4% in the 4th quarter. Meeder Asset Management Inc. now owns 198 shares of the software company’s stock valued at $30,000 after buying an additional 59 shares during the period. Orion Portfolio Solutions LLC bought a new position in Splunk in the 4th quarter valued at about $35,000. Golden State Wealth Management LLC bought a new position in Splunk in the 1st quarter valued at about $30,000. Finally, Citizens Financial Group Inc RI increased its holdings in Splunk by 645.8% in the 4th quarter. Citizens Financial Group Inc RI now owns 358 shares of the software company’s stock valued at $53,000 after buying an additional 310 shares during the period. 93.81% of the stock is currently owned by institutional investors and hedge funds.

SPLK has been the topic of several recent analyst reports. BMO Capital Markets raised their target price on shares of Splunk from $155.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Piper Sandler raised their target price on shares of Splunk from $150.00 to $185.00 and gave the company an “overweight” rating in a report on Friday. Zacks Investment Research lowered shares of Splunk from a “hold” rating to a “sell” rating and set a $158.00 target price on the stock. in a report on Monday, May 11th. Raymond James decreased their price target on shares of Splunk from $179.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, April 3rd. Finally, Credit Suisse Group lifted their price target on shares of Splunk from $160.00 to $190.00 and gave the company an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $167.94.

In other news, SVP Timothy Tully sold 6,580 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $121.80, for a total value of $801,444.00. Following the transaction, the senior vice president now owns 88,417 shares in the company, valued at approximately $10,769,190.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ledger Susan St. sold 17,338 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $122.06, for a total transaction of $2,116,276.28. Following the completion of the transaction, the insider now owns 162,650 shares in the company, valued at approximately $19,853,059. The disclosure for this sale can be found here. Insiders sold a total of 105,607 shares of company stock worth $13,184,846 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Shares of NASDAQ SPLK opened at $163.45 on Friday. The company has a market capitalization of $25.94 billion, a P/E ratio of -72.97 and a beta of 1.52. Splunk Inc has a 52-week low of $93.92 and a 52-week high of $176.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.15 and a current ratio of 2.15. The company’s 50 day moving average price is $134.75 and its 200-day moving average price is $142.08.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, May 21st. The software company reported ($0.56) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.57) by $0.01. The firm had revenue of $434.08 million for the quarter, compared to the consensus estimate of $443.60 million. Splunk had a negative net margin of 14.27% and a negative return on equity of 10.80%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 EPS. Analysts forecast that Splunk Inc will post -3.23 earnings per share for the current year.

Splunk 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.

Further Reading: Market Indexes

Want to see what other hedge funds are holding SPLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Splunk Inc (NASDAQ:SPLK).

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.