Splunk Inc. (NASDAQ:SPLK) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its position in shares of Splunk Inc. (NASDAQ:SPLK) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,850 shares of the software company’s stock after selling 81 shares during the period. M&T Bank Corp’s holdings in Splunk were worth $891,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Carmignac Gestion acquired a new stake in shares of Splunk in the third quarter valued at $6,248,000. Nordea Investment Management AB raised its position in 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 in the last quarter. DNB Asset Management AS lifted its holdings in Splunk by 25.8% in the 4th quarter. DNB Asset Management AS now owns 48,043 shares of the software company’s stock valued at $7,319,000 after acquiring an additional 9,847 shares during the last quarter. Capula Management Ltd bought a new position in shares of Splunk during the 3rd quarter valued at about $2,486,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Splunk in the 3rd quarter worth approximately $320,000. 87.56% of the stock is currently owned by institutional investors and hedge funds.

Splunk Price Performance

SPLK opened at $156.90 on Monday. The stock has a fifty day moving average price of $156.82 and a 200 day moving average price of $153.66. 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 Inc. has a 1 year low of $82.19 and a 1 year high of $156.97. The stock 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 announced its quarterly 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 business had revenue of $1.49 billion during 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%. Analysts forecast that Splunk Inc. will post 1.62 EPS for the current fiscal year.

Analyst Ratings Changes

SPLK has been the subject of several recent research reports. TheStreet raised shares of Splunk from a “c” rating to a “b” rating in a research note on Tuesday, February 27th. StockNews.com began coverage on Splunk in a research note on Monday. They set a “buy” rating for the company. Twenty-three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.