Atria Wealth Solutions Inc. Has $717,000 Stake in Splunk Inc. (NASDAQ:SPLK)

Atria Wealth Solutions Inc. increased its position in shares of Splunk Inc. (NASDAQ:SPLK) by 48.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,707 shares of the software company’s stock after buying an additional 1,540 shares during the period. Atria Wealth Solutions Inc.’s holdings in Splunk were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Simplicity Solutions LLC bought a new position in Splunk during the third quarter worth $217,000. Stratos Wealth Partners LTD. bought a new position in Splunk during the third quarter worth $209,000. Brown Advisory Inc. boosted its position in Splunk by 123.2% during the third quarter. Brown Advisory Inc. now owns 10,389 shares of the software company’s stock worth $1,519,000 after purchasing an additional 5,734 shares during the period. Everhart Financial Group Inc. bought a new position in Splunk during the third quarter worth $272,000. Finally, Strs Ohio bought a new position in Splunk during the third quarter worth $12,431,000. 87.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPLK has been the subject of a number of research 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 began coverage on Splunk in a research note 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 issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $135.31.

Splunk Price Performance

Shares of SPLK opened at $156.90 on Friday. Splunk Inc. has a 12-month low of $82.19 and a 12-month high of $156.97. The business’s fifty day moving average is $156.72 and its 200 day moving average is $153.31. 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 stock has a market cap of $26.44 billion, a P/E ratio of 124.52, a P/E/G ratio of 4.42 and a beta of 1.00.

Splunk (NASDAQ:SPLK) last issued its earnings results on Tuesday, February 27th. The software company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $1.42. Splunk had a return on equity of 32,117.42% and a net margin of 6.26%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Sell-side analysts anticipate that Splunk Inc. will post 1.62 earnings per share for the current fiscal year.

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.