Splunk Inc. (NASDAQ:SPLK) Position Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Splunk Inc. (NASDAQ:SPLK) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,082 shares of the software company’s stock after acquiring an additional 1,111 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Splunk were worth $3,517,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC grew its position in shares of Splunk by 4.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 1,570 shares of the software company’s stock valued at $239,000 after buying an additional 71 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Splunk by 1.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 5,018 shares of the software company’s stock valued at $764,000 after purchasing an additional 91 shares during the period. V Square Quantitative Management LLC boosted its position in shares of Splunk by 9.6% during the third quarter. V Square Quantitative Management LLC now owns 1,107 shares of the software company’s stock worth $162,000 after buying an additional 97 shares during the period. Impact Partnership Wealth LLC increased its position in Splunk by 11.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,024 shares of the software company’s stock valued at $150,000 after acquiring an additional 108 shares during the period. Finally, Blue Trust Inc. boosted its position in Splunk by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,008 shares of the software company’s stock worth $148,000 after acquiring an additional 108 shares during the period. 87.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on SPLK shares. TheStreet upgraded shares of Splunk from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. StockNews.com assumed coverage on shares of Splunk in a research report on Friday. They issued a “buy” rating on the stock. Twenty-three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $135.31.

Splunk Stock Performance

Shares of NASDAQ SPLK opened at $156.90 on Tuesday. The business’s 50 day moving average is $156.42 and its two-hundred day moving average is $152.78. The company has a market cap of $26.44 billion, a P/E ratio of 124.52, a P/E/G ratio of 4.42 and a beta of 1.00. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 15.61. Splunk Inc. has a 12 month low of $82.19 and a 12 month high of $156.97.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Tuesday, February 27th. The software company reported $2.47 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 company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.26 billion. On average, equities analysts expect that Splunk Inc. will post 1.62 EPS for the current year.

Splunk Company 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.