International Assets Investment Management LLC Has $23.23 Million Stock Holdings in Splunk Inc. (NASDAQ:SPLK)

International Assets Investment Management LLC raised its stake in Splunk Inc. (NASDAQ:SPLK) by 10,816.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 152,502 shares of the software company’s stock after buying an additional 151,105 shares during the quarter. International Assets Investment Management LLC owned about 0.09% of Splunk worth $23,234,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SPLK shares. TheStreet raised Splunk from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. StockNews.com initiated coverage on shares of Splunk in a report on Sunday. They set a “buy” rating for the company. Twenty-three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $135.31.

Splunk Price Performance

Splunk stock opened at $156.90 on Friday. The company has a market capitalization of $26.44 billion, a price-to-earnings ratio of 124.52, a PEG ratio of 4.42 and a beta of 1.00. 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 12 month low of $82.19 and a 12 month high of $156.97. The stock’s 50 day moving average is $156.72 and its 200-day moving average is $153.31.

Splunk (NASDAQ:SPLK) last released 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 the consensus estimate of $1.26 billion. Splunk had a return on equity of 32,117.42% and a net margin of 6.26%. Equities research analysts expect that Splunk Inc. will post 1.62 EPS for the current 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.