Segantii Capital Management Ltd Invests $6.09 Million in Splunk Inc. (NASDAQ:SPLK)

Segantii Capital Management Ltd bought a new stake in Splunk Inc. (NASDAQ:SPLK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 40,000 shares of the software company’s stock, valued at approximately $6,094,000.

Other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its position in shares of Splunk by 157.1% during the 4th quarter. Picton Mahoney Asset Management now owns 360,000 shares of the software company’s stock valued at $54,847,000 after acquiring an additional 220,000 shares during the period. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Splunk in the fourth quarter valued at $67,000. Charles Schwab Investment Management Inc. raised its stake in shares of Splunk by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 681,733 shares of the software company’s stock worth $103,862,000 after buying an additional 23,239 shares during the last quarter. BCK Capital Management LP grew its stake in Splunk by 388.6% in the 4th quarter. BCK Capital Management LP now owns 46,416 shares of the software company’s stock valued at $7,071,000 after acquiring an additional 36,916 shares during the last quarter. Finally, Lincoln National Corp increased its holdings in Splunk by 8.4% during the 4th quarter. Lincoln National Corp now owns 3,048 shares of the software company’s stock valued at $464,000 after acquiring an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 87.56% of the company’s stock.

Splunk Price Performance

Shares of NASDAQ SPLK remained flat at $156.90 during mid-day trading on Thursday. 5,546 shares of the company were exchanged, compared to its average volume of 2,084,977. The company has a fifty day moving average of $156.77 and a two-hundred day moving average of $153.51. The firm has a market capitalization of $26.44 billion, a price-to-earnings ratio of 124.52, a PEG ratio of 4.42 and a beta of 1.00. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.69 and a current ratio of 1.69. Splunk Inc. has a fifty-two week low of $82.19 and a fifty-two week high of $156.97.

Splunk (NASDAQ:SPLK) last issued its earnings results on Tuesday, February 27th. The software company reported $2.47 earnings per share (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 business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.26 billion. As a group, analysts predict that Splunk Inc. will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SPLK shares. StockNews.com began coverage on shares of Splunk in a research note on Sunday. They set a “buy” rating for the company. TheStreet upgraded Splunk from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. Twenty-three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Splunk has a consensus rating of “Hold” and an average price target of $135.31.

Splunk 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.