Segantii Capital Management Ltd Takes Position in Splunk Inc. (NASDAQ:SPLK)

Segantii Capital Management Ltd purchased a new position in Splunk Inc. (NASDAQ:SPLK) during the fourth quarter, Holdings Channel reports. The fund purchased 40,000 shares of the software company’s stock, valued at approximately $6,094,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raleigh Capital Management Inc. lifted its holdings in Splunk by 546.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 168 shares of the software company’s stock worth $25,000 after buying an additional 142 shares during the period. Orion Capital Management LLC bought a new position in Splunk during the 3rd quarter valued at approximately $33,000. Venturi Wealth Management LLC bought a new position in shares of Splunk during the third quarter valued at $42,000. First Command Advisory Services Inc. purchased a new position in shares of Splunk in the 3rd quarter worth about $44,000. Finally, Webster Bank N. A. bought a new stake in Splunk during the 4th quarter valued at about $44,000. Institutional investors own 87.56% of the company’s stock.

Splunk Stock Performance

Shares of NASDAQ SPLK remained flat at $156.90 during mid-day trading on Thursday. The company had a trading volume of 5,546 shares, compared to its average volume of 2,084,977. The stock’s fifty day moving average price is $156.77 and its 200 day moving average price is $153.51. Splunk Inc. has a 52-week low of $82.19 and a 52-week high of $156.97. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.69 and a current ratio of 1.69. 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 released its quarterly earnings data on Tuesday, February 27th. The software company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts predict that Splunk Inc. will post 1.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SPLK has been the subject of several analyst reports. TheStreet raised shares of Splunk from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. StockNews.com initiated coverage on Splunk in a report on Sunday. They issued a “buy” rating for the company. Twenty-three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $135.31.

Splunk Company 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.