Nisa Investment Advisors LLC raised its holdings in Splunk Inc (NASDAQ:SPLK) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,619 shares of the software company’s stock after purchasing an additional 1,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Splunk were worth $694,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in shares of Splunk in the 2nd quarter valued at $104,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Splunk by 472.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,013 shares of the software company’s stock valued at $122,000 after purchasing an additional 836 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Splunk in the third quarter valued at about $169,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Splunk by 346.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,604 shares of the software company’s stock valued at $194,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Splunk in the third quarter valued at about $204,000. Institutional investors own 90.75% of the company’s stock.
Shares of NASDAQ:SPLK opened at $133.81 on Thursday. Splunk Inc has a fifty-two week low of $83.69 and a fifty-two week high of $135.00. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of -102.15 and a beta of 2.11. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.14.
In related news, Director Mark T. Carges sold 4,171 shares of the stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $110.00, for a total value of $458,810.00. Following the completion of the sale, the director now directly owns 15,273 shares of the company’s stock, valued at approximately $1,680,030. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Scott Morgan sold 3,480 shares of the stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $106.94, for a total value of $372,151.20. Following the sale, the general counsel now owns 52,902 shares in the company, valued at approximately $5,657,339.88. The disclosure for this sale can be found here. Insiders have sold a total of 43,965 shares of company stock valued at $4,786,938 in the last ninety days. Insiders own 0.36% of the company’s stock.
Several brokerages have recently commented on SPLK. Zacks Investment Research upgraded shares of Splunk from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a report on Wednesday, December 12th. BidaskClub upgraded shares of Splunk from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. Bank of America reiterated a “buy” rating and set a $143.00 target price (up previously from $140.00) on shares of Splunk in a research report on Friday, November 30th. ValuEngine lowered shares of Splunk from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 21st. Finally, TheStreet upgraded shares of Splunk from a “d” rating to a “c-” rating in a research report on Friday, November 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $127.59.
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Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
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