Tcw Group Inc Lowers stake in Splunk Inc (SPLK)

Splunk Inc (SPLK) : Tcw Group Inc reduced its stake in Splunk Inc by 2.86% during the most recent quarter end. The investment management company now holds a total of 2,615,844 shares of Splunk Inc which is valued at $168,015,660 after selling 77,048 shares in Splunk Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Splunk Inc makes up approximately 1.20% of Tcw Group Inc’s portfolio.

Other Hedge Funds, Including , Quadrature Capital Ltd sold out all of its stake in SPLK during the most recent quarter. The investment firm sold 74,139 shares of SPLK which is valued $4,761,948.Teachers Advisors Inc boosted its stake in SPLK in the latest quarter, The investment management firm added 11,761 additional shares and now holds a total of 211,235 shares of Splunk Inc which is valued at $13,567,624. Splunk Inc makes up approx 0.02% of Teachers Advisors Inc’s portfolio. Decatur Capital Management added SPLK to its portfolio by purchasing 112,975 company shares during the most recent quarter which is valued at $7,256,384. Splunk Inc makes up approx 0.94% of Decatur Capital Management’s portfolio.Ubs Asset Management Americas Inc boosted its stake in SPLK in the latest quarter, The investment management firm added 8,210 additional shares and now holds a total of 313,237 shares of Splunk Inc which is valued at $19,874,888. Splunk Inc makes up approx 0.02% of Ubs Asset Management Americas Inc’s portfolio.

Splunk Inc opened for trading at $58.88 and hit $60.57 on the upside on Monday, eventually ending the session at $59.75, with a gain of 2.10% or 1.23 points. The heightened volatility saw the trading volume jump to 31,90,719 shares. Company has a market cap of $7,940 M.

On the company’s financial health, Splunk Inc reported $-0.02 EPS for the quarter, based on the information available during the earnings call on May 26, 2016. Analyst had a consensus estimate of $-0.02. The company had revenue of $186.00 million for the quarter, compared to analysts expectations of $174.18 million. The company’s revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.

Many Wall Street Analysts have commented on Splunk Inc. Splunk Inc was Downgraded by Stifel to ” Hold” on Aug 26, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 from a previous price target of $60 .Company shares were Reiterated by Wedbush on Aug 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 from a previous price target of $60 .

Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Company’s products allow users to collect index search explore monitor and analyze data regardless of format or source. The Company’s products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Company’s flagship product is Splunk Enterprise which is a machine data engine consisting of collection indexing search reporting analysis alerting and monitoring and data management capabilities. The Company’s Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition the Company offers user behavioral analytics to help detect respond to and mitigate advanced hidden and insider threats.

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