Nomura Holdings Inc. trimmed its position in Splunk Inc (NASDAQ:SPLK) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 595,627 shares of the software company’s stock after selling 11,414 shares during the quarter. Nomura Holdings Inc. owned about 0.40% of Splunk worth $74,722,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Cable Hill Partners LLC bought a new stake in shares of Splunk in the first quarter worth about $25,000. Parkside Financial Bank & Trust bought a new stake in shares of Splunk in the second quarter worth about $25,000. Motco bought a new stake in shares of Splunk in the second quarter worth about $27,000. Manchester Financial Inc. bought a new stake in shares of Splunk in the second quarter worth about $29,000. Finally, Assetmark Inc. increased its holdings in shares of Splunk by 102.3% in the second quarter. Assetmark Inc. now owns 265 shares of the software company’s stock worth $33,000 after purchasing an additional 134 shares during the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.
SPLK has been the subject of several recent research reports. Piper Jaffray Companies reiterated an “overweight” rating and issued a $160.00 price target on shares of Splunk in a research report on Monday, June 24th. Mitsubishi UFJ Financial Group lifted their price target on Splunk to $159.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. Bank of America reiterated a “buy” rating and issued a $167.00 price target on shares of Splunk in a research report on Thursday. Wedbush reiterated an “outperform” rating and issued a $158.00 price target (down previously from $163.00) on shares of Splunk in a research report on Tuesday, August 20th. Finally, Citigroup dropped their price target on Splunk from $106.00 to $102.00 and set a “sell” rating for the company in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $145.18.
Shares of NASDAQ SPLK traded down $1.98 during trading hours on Friday, reaching $119.90. The stock had a trading volume of 46,440 shares, compared to its average volume of 3,099,154. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of -75.30 and a beta of 2.04. The business’s fifty day moving average price is $119.62 and its two-hundred day moving average price is $126.18. Splunk Inc has a 52-week low of $83.69 and a 52-week high of $143.70.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Wednesday, August 21st. The software company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.16. The firm had revenue of $516.56 million during the quarter, compared to analyst estimates of $488.97 million. Splunk had a negative return on equity of 12.73% and a negative net margin of 15.16%. Splunk’s quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 earnings per share. Equities research analysts anticipate that Splunk Inc will post -0.87 earnings per share for the current fiscal year.
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.
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