Swiss National Bank Decreases Stock Holdings in Splunk Inc. (NASDAQ:SPLK)

Swiss National Bank lowered its holdings in Splunk Inc. (NASDAQ:SPLK) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 500,600 shares of the software company’s stock after selling 5,500 shares during the period. Swiss National Bank owned about 0.30% of Splunk worth $76,266,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Carmignac Gestion purchased a new position in Splunk in the third quarter valued at approximately $6,248,000. Nordea Investment Management AB raised its stake in shares of Splunk by 682.1% in the fourth quarter. Nordea Investment Management AB now owns 84,838 shares of the software company’s stock valued at $12,909,000 after buying an additional 73,990 shares during the period. DNB Asset Management AS lifted its position in shares of Splunk by 25.8% during the 4th quarter. DNB Asset Management AS now owns 48,043 shares of the software company’s stock valued at $7,319,000 after buying an additional 9,847 shares during the last quarter. Capula Management Ltd bought a new position in shares of Splunk during the 3rd quarter worth $2,486,000. Finally, QRG Capital Management Inc. purchased a new stake in Splunk in the 3rd quarter worth about $320,000. Institutional investors own 87.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

Splunk Stock Up 0.2 %

Shares of NASDAQ:SPLK opened at $156.90 on Monday. The firm has a fifty day moving average of $156.72 and a 200 day moving average of $153.38. 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 firm 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 posted its quarterly earnings data 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. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Splunk had a return on equity of 32,117.42% and a net margin of 6.26%. As a group, research analysts anticipate that Splunk Inc. will post 1.62 EPS for the current fiscal year.

Splunk 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.