Acadian Asset Management LLC Makes New Investment in Splunk Inc. (NASDAQ:SPLK)

Acadian Asset Management LLC purchased a new position in shares of Splunk Inc. (NASDAQ:SPLKGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,723 shares of the software company’s stock, valued at approximately $1,591,000.

A number of other institutional investors also recently bought and sold shares of SPLK. Dimensional Fund Advisors LP raised its position in Splunk by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 211,120 shares of the software company’s stock worth $24,431,000 after buying an additional 5,946 shares during the last quarter. UMB Bank N A MO purchased a new position in Splunk during the 4th quarter worth approximately $348,000. AlphaCrest Capital Management LLC raised its position in Splunk by 64.3% during the 4th quarter. AlphaCrest Capital Management LLC now owns 15,916 shares of the software company’s stock worth $1,842,000 after buying an additional 6,228 shares during the last quarter. Principal Financial Group Inc. raised its position in Splunk by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 21,507 shares of the software company’s stock worth $2,489,000 after buying an additional 614 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Splunk by 21.4% during the 4th quarter. Teacher Retirement System of Texas now owns 32,093 shares of the software company’s stock worth $3,714,000 after purchasing an additional 5,647 shares during the period. 85.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPLK has been the topic of a number of analyst reports. Loop Capital dropped their price objective on shares of Splunk from $160.00 to $135.00 in a research note on Thursday, August 25th. Needham & Company LLC dropped their price objective on shares of Splunk from $145.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, May 26th. Citigroup reaffirmed a “neutral” rating and set a $118.00 price objective (down previously from $120.00) on shares of Splunk in a research note on Wednesday, August 3rd. Truist Financial dropped their price objective on shares of Splunk from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 25th. Finally, Morgan Stanley raised their price objective on shares of Splunk from $128.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 25th. Nine equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.57.

Insider Transactions at Splunk

In related news, SVP Scott Morgan sold 883 shares of the business’s stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $88.08, for a total value of $77,774.64. Following the sale, the senior vice president now directly owns 130,311 shares in the company, valued at approximately $11,477,792.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Scott Morgan sold 883 shares of the business’s stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $88.08, for a total value of $77,774.64. Following the sale, the senior vice president now directly owns 130,311 shares in the company, valued at approximately $11,477,792.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Bice sold 31,316 shares of the business’s stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $87.73, for a total transaction of $2,747,352.68. Following the completion of the sale, the insider now owns 103,680 shares in the company, valued at $9,095,846.40. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Splunk Stock Down 0.4 %

NASDAQ SPLK opened at $86.98 on Wednesday. Splunk Inc. has a 52 week low of $84.63 and a 52 week high of $176.66. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 14.09. The business’s fifty day simple moving average is $101.81 and its 200-day simple moving average is $111.82. The firm has a market cap of $14.15 billion, a PE ratio of -13.98 and a beta of 1.41.

Splunk (NASDAQ:SPLKGet Rating) last posted its quarterly earnings results on Wednesday, August 24th. The software company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.35) by $0.44. Splunk had a negative return on equity of 396.11% and a negative net margin of 32.85%. The business had revenue of $798.75 million for the quarter, compared to analyst estimates of $747.92 million. During the same quarter in the previous year, the firm earned ($1.63) EPS. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. As a group, equities analysts anticipate that Splunk Inc. will post -3.58 earnings per share for the current year.

About Splunk

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Splunk Inc, together with its subsidiaries, provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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