Tokio Marine Asset Management Co. Ltd. Boosts Holdings in Splunk Inc. (NASDAQ:SPLK)

Tokio Marine Asset Management Co. Ltd. grew its holdings in Splunk Inc. (NASDAQ:SPLK) by 48.0% in the 4th quarter, HoldingsChannel reports. The firm owned 122,919 shares of the software company’s stock after purchasing an additional 39,872 shares during the quarter. Splunk makes up 1.0% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 23rd biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Splunk were worth $18,727,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Atria Wealth Solutions Inc. boosted its stake in shares of Splunk by 48.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,707 shares of the software company’s stock valued at $717,000 after purchasing an additional 1,540 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in shares of Splunk by 64.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,781 shares of the software company’s stock valued at $575,000 after purchasing an additional 1,481 shares during the period. Yousif Capital Management LLC boosted its stake in shares of Splunk by 4.9% in the fourth quarter. Yousif Capital Management LLC now owns 2,313 shares of the software company’s stock valued at $352,000 after purchasing an additional 108 shares during the period. Wolverine Asset Management LLC raised its holdings in Splunk by 188.6% in the fourth quarter. Wolverine Asset Management LLC now owns 17,498 shares of the software company’s stock valued at $2,666,000 after acquiring an additional 11,435 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Splunk by 1.8% in the fourth quarter. California Public Employees Retirement System now owns 286,961 shares of the software company’s stock valued at $43,719,000 after acquiring an additional 5,033 shares in the last quarter. Hedge funds and other institutional investors own 87.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. 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 Friday, April 19th. They issued a “buy” rating on the stock. Twenty-three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $135.31.

Splunk Stock Performance

NASDAQ SPLK remained flat at $156.90 during trading hours on Wednesday. 5,546 shares of the company were exchanged, compared to its average volume of 2,084,977. The company has a market cap of $26.44 billion, a PE ratio of 124.52, a PEG ratio of 4.42 and a beta of 1.00. 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 price is $156.52 and its 200-day moving average price is $152.89. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.69 and a current ratio of 1.69.

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

About Splunk

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.