November 30, 2016 - By Ellis Scott · 0 Comments
Splunk Inc (NASDAQ:SPLK) institutional sentiment decreased to 1.23 in Q2 2016. Its down -0.16, from 1.39 in 2016Q1. The ratio has dropped, as 167 active investment managers increased or opened new positions, while 120 cut down and sold stock positions in Splunk Inc. The active investment managers in our partner’s database reported: 131.07 million shares, up from 129.93 million shares in 2016Q1. Also, the number of active investment managers holding Splunk Inc in their top 10 positions increased from 4 to 5 for an increase of 1. Sold All: 35 Reduced: 85 Increased: 114 New Position: 53.
Splunk Inc. is a provider of software solutions. The company has a market cap of $8.00 billion. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It currently has negative earnings. It operates through the development and marketing of software solutions segment, which enables its clients to gain real-time operational intelligence by harnessing the value of their data.
About 5.19 million shares traded hands or 224.38% up from the average. Splunk Inc (NASDAQ:SPLK) has risen 8.20% since April 27, 2016 and is uptrending. It has outperformed by 2.98% the S&P500.
According to Zacks Investment Research, “Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California.”
Shearlink Capital Llc holds 8% of its portfolio in Splunk Inc for 339,400 shares. Criterion Capital Management Llc owns 2.87 million shares or 7.44% of their US portfolio. Moreover, Kingdom Ridge Capital Llc has 5.31% invested in the company for 200,500 shares. The California-based Glynn Capital Management Llc has invested 4.95% in the stock. Westend Capital Management Llc, a California-based fund reported 40,084 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 16 insider sales for $46.51 million net activity.
Ratings analysis reveals 68% of Splunk Inc’s analysts are positive. Out of 31 Wall Street analysts rating Splunk Inc, 21 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $44 while the high is $90. The stock’s average target of $67.41 is 13.29% above today’s ($59.5) share price. SPLK was included in 63 notes of analysts from August 24, 2015. Deutsche Bank maintained the stock with “Buy” rating in Friday, May 27 report. The firm earned “Outperform” rating on Wednesday, June 15 by BMO Capital Markets. The rating was initiated by Mitsubishi UFJ with “Overweight” on Tuesday, February 9. Wedbush maintained Splunk Inc (NASDAQ:SPLK) on Friday, August 19 with “Outperform” rating. The stock has “Buy” rating given by Canaccord Genuity on Friday, May 27. The company was maintained on Friday, May 27 by Maxim Group. The stock of Splunk Inc (NASDAQ:SPLK) has “Outperform” rating given on Friday, February 26 by RBC Capital Markets. The stock of Splunk Inc (NASDAQ:SPLK) has “Hold” rating given on Saturday, August 29 by SunTrust. On Wednesday, February 3 the stock rating was initiated by Maxim Group with “Buy”. The company was maintained on Friday, May 27 by Morgan Stanley.
Splunk Inc., incorporated on April 11, 2006, is a well-known provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its clients to gain real-time operational intelligence by harnessing the value of their data. The Company’s offerings address diverse data sets that are referred to as big data and are specifically used for machine-generated data. Machine data is produced by various software application and electronic devices in an organization and contains a definitive, time-stamped record of various activities, such as transactions, customer and user activities and security threats. The Company’s products help users in various roles, including information technology (IT), security and business professionals, to analyze their machine data and achieve real-time visibility into and intelligence about their organization’s operations. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.
More important recent Splunk Inc (NASDAQ:SPLK) news were published by: Profitconfidential.com which released: “Splunk Inc: This Is Why SPLK Stock Can Rocket Higher” on November 30, 2016, also Seekingalpha.com published article titled: “Splunk: Same Issues Remain”, Reuters.com published: “BRIEF-Splunk Inc announces fiscal third quarter 2017 financial results” on November 29, 2016. More interesting news about Splunk Inc (NASDAQ:SPLK) was released by: Wsj.com and their article: “Splunk Raises Guidance Again Amid Strong Revenue Growth” with publication date: November 29, 2016.
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By Ellis Scott