IFM Investors Pty Ltd Buys 4,541 Shares of Splunk Inc (NASDAQ:SPLK)
IFM Investors Pty Ltd increased its position in shares of Splunk Inc (NASDAQ:SPLK) by 40.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,851 shares of the software company’s stock after buying an additional 4,541 shares during the quarter. IFM Investors Pty Ltd’s holdings in Splunk were worth $1,868,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Parkside Financial Bank & Trust acquired a new stake in shares of Splunk in the second quarter valued at approximately $25,000. Motco acquired a new stake in Splunk during the 2nd quarter worth approximately $27,000. Quest Capital Management Inc. ADV acquired a new stake in Splunk during the 3rd quarter worth approximately $27,000. HM Payson & Co. acquired a new stake in Splunk during the 2nd quarter worth approximately $28,000. Finally, Manchester Financial Inc. acquired a new stake in Splunk during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 93.49% of the company’s stock.
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Several analysts recently weighed in on the company. JMP Securities lifted their price target on Splunk from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Investment Research cut Splunk from a “buy” rating to a “hold” rating and set a $119.00 price target for the company. in a report on Thursday, October 17th. Mizuho lifted their price target on Splunk from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. UBS Group set a $150.00 price target on Splunk and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Piper Jaffray Companies began coverage on Splunk in a research note on Friday, November 8th. They set an “overweight” rating and a $160.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-seven have given a buy rating to the stock. Splunk presently has a consensus rating of “Buy” and a consensus price target of $154.59.
SPLK stock traded down $1.78 during midday trading on Friday, reaching $149.22. 1,139,437 shares of the stock were exchanged, compared to its average volume of 2,438,874. The stock has a market capitalization of $22.33 billion, a PE ratio of -93.85 and a beta of 2.03. Splunk Inc has a 52 week low of $90.08 and a 52 week high of $151.26. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.06 and a quick ratio of 3.06. The company has a fifty day moving average price of $124.01 and a 200 day moving average price of $123.75.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, November 21st. The software company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The business had revenue of $626.00 million for the quarter, compared to analyst estimates of $605.20 million. Splunk had a negative return on equity of 11.72% and a negative net margin of 14.24%. Splunk’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. As a group, analysts anticipate that Splunk Inc will post -0.86 earnings per share for the current fiscal year.
In other news, SVP Timothy Tully sold 4,391 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $115.21, for a total value of $505,887.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas Merritt sold 13,341 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $115.20, for a total value of $1,536,883.20. The disclosure for this sale can be found here. Insiders have sold a total of 26,906 shares of company stock worth $3,187,086 over the last ninety days. Company insiders own 0.34% of the company’s stock.
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.