Strs Ohio Trims Stock Holdings in Splunk Inc. (NASDAQ:SPLK)

Strs Ohio reduced its stake in Splunk Inc. (NASDAQ:SPLK) by 1.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 83,601 shares of the software company’s stock after selling 1,399 shares during the period. Strs Ohio’s holdings in Splunk were worth $12,736,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Schechter Investment Advisors LLC grew its position in shares of Splunk by 4.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 1,570 shares of the software company’s stock worth $239,000 after buying an additional 71 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Splunk by 1.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 5,018 shares of the software company’s stock worth $764,000 after buying an additional 91 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of Splunk by 9.6% during the third quarter. V Square Quantitative Management LLC now owns 1,107 shares of the software company’s stock worth $162,000 after buying an additional 97 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Splunk by 30.4% during the third quarter. Harbour Investments Inc. now owns 442 shares of the software company’s stock worth $65,000 after buying an additional 103 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its position in shares of Splunk by 3.6% during the first quarter. Meiji Yasuda Life Insurance Co now owns 3,062 shares of the software company’s stock worth $455,000 after buying an additional 105 shares in the last quarter. 87.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SPLK. TheStreet raised Splunk from a “c” rating to a “b” rating in a report on Tuesday, February 27th. StockNews.com began coverage on Splunk in a report on Thursday, April 11th. They issued a “buy” rating for the company. Twenty-three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Splunk currently has a consensus rating of “Hold” and a consensus price target of $135.31.

Splunk Price Performance

Splunk stock opened at $156.90 on Wednesday. Splunk Inc. has a 12 month low of $82.19 and a 12 month high of $156.97. The company has a debt-to-equity ratio of 15.61, a current ratio of 1.69 and a quick ratio of 1.69. The business has a 50 day simple moving average of $156.20 and a 200-day simple moving average of $152.49. The stock has a market capitalization of $26.44 billion, a PE ratio of 124.52, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Tuesday, February 27th. The software company reported $2.47 EPS for the quarter, topping the consensus estimate of $1.05 by $1.42. Splunk had a return on equity of 32,117.42% and a net margin of 6.26%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Equities analysts predict that Splunk Inc. will post 1.62 earnings per share 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.