Toronto Dominion Bank lifted its position in Splunk Inc. (NASDAQ:SPLK) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,556 shares of the software company’s stock after purchasing an additional 1,455 shares during the quarter. Toronto Dominion Bank’s holdings in Splunk were worth $3,406,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of Splunk by 16.8% in the 2nd quarter. IFP Advisors Inc now owns 10,955 shares of the software company’s stock worth $1,575,000 after purchasing an additional 1,579 shares during the last quarter. Green Alpha Advisors LLC grew its holdings in shares of Splunk by 83.7% in the 2nd quarter. Green Alpha Advisors LLC now owns 8,419 shares of the software company’s stock worth $1,217,000 after purchasing an additional 3,837 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Splunk by 27.4% during the 2nd quarter. Exchange Traded Concepts LLC now owns 6,941 shares of the software company’s stock worth $1,004,000 after acquiring an additional 1,493 shares during the last quarter. White Pine Investment CO bought a new stake in Splunk during the 2nd quarter worth about $3,803,000. Finally, SG Americas Securities LLC grew its holdings in Splunk by 62.2% during the 2nd quarter. SG Americas Securities LLC now owns 478,535 shares of the software company’s stock worth $69,187,000 after acquiring an additional 183,511 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.
SPLK has been the topic of a number of research analyst reports. Cowen reissued a “hold” rating and set a C$140.00 price objective on shares of Splunk in a report on Monday, August 23rd. Robert W. Baird raised their target price on shares of Splunk from $150.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, August 26th. JMP Securities raised their target price on shares of Splunk from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, August 26th. UBS Group raised shares of Splunk from a “neutral” rating to a “buy” rating and raised their target price for the company from $137.00 to $175.00 in a research note on Wednesday, August 11th. Finally, Oppenheimer raised shares of Splunk from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Splunk currently has a consensus rating of “Buy” and a consensus price target of $175.10.
NASDAQ:SPLK opened at $161.59 on Thursday. Splunk Inc. has a 1-year low of $110.28 and a 1-year high of $222.19. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.87. The firm has a fifty day simple moving average of $149.50 and a 200 day simple moving average of $137.35. The stock has a market capitalization of $26.10 billion, a PE ratio of -21.99 and a beta of 1.22.
Splunk (NASDAQ:SPLK) last released its earnings results on Tuesday, August 24th. The software company reported ($0.62) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.07. Splunk had a negative net margin of 49.60% and a negative return on equity of 55.19%. The business had revenue of $605.74 million during the quarter, compared to analysts’ expectations of $563.27 million. During the same period last year, the business earned ($0.33) earnings per share. The firm’s revenue was up 23.2% on a year-over-year basis. On average, equities analysts predict that Splunk Inc. will post -5.71 earnings per share for the current fiscal year.
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics and industries. The company was founded by Erik M.
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