288 Shares in Splunk Inc. (NASDAQ:SPLK) Bought by Webster Bank N. A.

Webster Bank N. A. purchased a new position in Splunk Inc. (NASDAQ:SPLKFree Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 288 shares of the software company’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carmignac Gestion purchased a new stake in shares of Splunk in the third quarter worth $6,248,000. Nordea Investment Management AB grew its stake in shares of Splunk by 682.1% in the fourth quarter. Nordea Investment Management AB now owns 84,838 shares of the software company’s stock worth $12,909,000 after acquiring an additional 73,990 shares during the last quarter. DNB Asset Management AS grew its stake in shares of Splunk by 25.8% in the fourth quarter. DNB Asset Management AS now owns 48,043 shares of the software company’s stock worth $7,319,000 after acquiring an additional 9,847 shares during the last quarter. Capula Management Ltd purchased a new stake in shares of Splunk in the third quarter worth $2,486,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of Splunk in the third quarter worth $320,000. 87.56% of the stock is owned by hedge funds and other institutional investors.

Splunk Price Performance

Shares of SPLK opened at $156.90 on Wednesday. The business’s 50 day moving average is $155.43 and its 200 day moving average is $150.89. The company has a market capitalization of $26.44 billion, a PE ratio of 124.52, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00. Splunk Inc. has a 12-month low of $82.19 and a 12-month high of $156.97. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 15.61.

Splunk (NASDAQ:SPLKGet Free Report) last issued its earnings results on Tuesday, February 27th. The software company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $1.42. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.26 billion. Splunk had a return on equity of 32,117.42% and a net margin of 6.26%. Research analysts expect that Splunk Inc. will post 1.62 earnings per share for the current fiscal year.

Insider Activity at Splunk

In related news, SVP Scott Morgan sold 5,017 shares of Splunk stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $152.28, for a total transaction of $763,988.76. Following the sale, the senior vice president now owns 89,265 shares of the company’s stock, valued at approximately $13,593,274.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SPLK shares. StockNews.com started coverage on Splunk in a research note on Wednesday. They issued a “buy” rating on the stock. TheStreet raised Splunk from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. Twenty-three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Splunk has a consensus rating of “Hold” and a consensus target price of $135.31.

Read Our Latest Report on Splunk

About Splunk

(Free Report)

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.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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