Swiss National Bank Decreases Stock Holdings in Splunk Inc. (NASDAQ:SPLK)

Swiss National Bank lessened its stake in shares of Splunk Inc. (NASDAQ:SPLK) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500,600 shares of the software company’s stock after selling 5,500 shares during the quarter. Swiss National Bank’s holdings in Splunk were worth $76,266,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Schechter Investment Advisors LLC lifted its holdings in Splunk by 4.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 1,570 shares of the software company’s stock valued at $239,000 after acquiring an additional 71 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Splunk by 1.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 5,018 shares of the software company’s stock worth $764,000 after purchasing an additional 91 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of Splunk by 9.6% in the third quarter. V Square Quantitative Management LLC now owns 1,107 shares of the software company’s stock worth $162,000 after buying an additional 97 shares during the last quarter. Blue Trust Inc. grew its position in Splunk by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,008 shares of the software company’s stock valued at $148,000 after buying an additional 108 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in Splunk by 4.9% during the fourth quarter. Yousif Capital Management LLC now owns 2,313 shares of the software company’s stock valued at $352,000 after buying an additional 108 shares during the last quarter. 87.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Splunk Trading Up 0.2 %

Shares of Splunk stock opened at $156.90 on Monday. Splunk Inc. has a twelve month low of $82.19 and a twelve month high of $156.97. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 15.61. The business has a 50-day moving average price of $156.72 and a 200-day moving average price of $153.38. The firm 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.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Tuesday, February 27th. The software company reported $2.47 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.26 billion. Equities research analysts anticipate that Splunk Inc. will post 1.62 EPS for the current fiscal 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.