Cerity Partners LLC Has $634,000 Stock Holdings in Splunk Inc. (NASDAQ:SPLK)

Cerity Partners LLC lifted its stake in shares of Splunk Inc. (NASDAQ:SPLK) by 24.7% during the fourth quarter, Holdings Channel reports. The firm owned 4,164 shares of the software company’s stock after purchasing an additional 825 shares during the quarter. Cerity Partners LLC’s holdings in Splunk were worth $634,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SPLK. Raleigh Capital Management Inc. raised its position in Splunk by 546.2% during the third quarter. Raleigh Capital Management Inc. now owns 168 shares of the software company’s stock valued at $25,000 after buying an additional 142 shares during the period. Orion Capital Management LLC acquired a new position in Splunk during the third quarter valued at $33,000. Venturi Wealth Management LLC acquired a new position in Splunk during the third quarter valued at $42,000. First Command Advisory Services Inc. acquired a new position in Splunk during the third quarter valued at $44,000. Finally, Webster Bank N. A. acquired a new position in Splunk during the fourth quarter valued at $44,000. 87.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on SPLK shares. TheStreet raised Splunk from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. StockNews.com began coverage on Splunk in a research note on Friday, April 19th. They issued a “buy” rating on the stock. Twenty-three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Splunk has an average rating of “Hold” and a consensus price target of $135.31.

Splunk Price Performance

Shares of NASDAQ:SPLK opened at $156.90 on Wednesday. The company has a market cap 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 business has a 50 day moving average price of $156.47 and a 200 day moving average price of $152.86. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 15.61. Splunk Inc. has a twelve month low of $82.19 and a twelve month high of $156.97.

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

About Splunk

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.