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.

Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, November 21st. The software company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Splunk had a negative return on equity of 11.03% and a negative net margin of 14.24%. The firm had revenue of $626.00 million for the quarter, compared to analysts’ expectations of $605.20 million. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. As a group, equities research analysts forecast that Splunk Inc will post -0.86 earnings per share for the current fiscal year.

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 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.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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