Cigna Investments Inc. New Makes New $247,000 Investment in Splunk Inc (NASDAQ:SPLK)
Cigna Investments Inc. New acquired a new position in shares of Splunk Inc (NASDAQ:SPLK) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,587 shares of the software company’s stock, valued at approximately $247,000.
Other large investors have also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its stake in Splunk by 553.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 196 shares of the software company’s stock worth $29,000 after buying an additional 166 shares in the last quarter. Quest Capital Management Inc. ADV acquired a new position in shares of Splunk during the 3rd quarter worth approximately $27,000. Lenox Wealth Management Inc. acquired a new position in shares of Splunk during the 3rd quarter worth approximately $31,000. Regal Wealth Group Inc. acquired a new position in shares of Splunk during the 4th quarter worth approximately $55,000. Finally, NEXT Financial Group Inc boosted its holdings in shares of Splunk by 571.7% during the 4th quarter. NEXT Financial Group Inc now owns 403 shares of the software company’s stock worth $60,000 after purchasing an additional 343 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.
SPLK opened at $170.93 on Friday. Splunk Inc has a one year low of $107.16 and a one year high of $172.24. The stock has a market capitalization of $26.07 billion, a PE ratio of -82.18 and a beta of 2.02. The business’s 50 day moving average price is $157.20 and its 200 day moving average price is $134.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.33 and a current ratio of 2.33.
In other Splunk news, insider Ledger Susan St. sold 2,617 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $162.95, for a total transaction of $426,440.15. Following the transaction, the insider now directly owns 182,605 shares in the company, valued at $29,755,484.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott Morgan sold 1,131 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $150.00, for a total value of $169,650.00. Following the transaction, the senior vice president now owns 53,741 shares in the company, valued at $8,061,150. The disclosure for this sale can be found here. Insiders sold 52,731 shares of company stock worth $7,820,105 over the last quarter. 0.34% of the stock is currently owned by insiders.
Several research analysts have recently weighed in on the company. First Analysis cut Splunk from an “outperform” rating to a “neutral” rating and set a $157.00 target price on the stock. in a report on Tuesday, January 14th. Stifel Nicolaus restated a “buy” rating and set a $150.00 target price on shares of Splunk in a report on Monday, November 18th. DA Davidson assumed coverage on Splunk in a report on Wednesday, November 27th. They set a “buy” rating on the stock. Zacks Investment Research cut Splunk from a “buy” rating to a “hold” rating and set a $119.00 target price on the stock. in a report on Thursday, October 17th. Finally, Morgan Stanley boosted their target price on Splunk from $169.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $161.55.
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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