Raine Capital adds Splunk Inc (SPLK) to its portfolio

Splunk Inc (SPLK) : Raine Capital added new position in Splunk Inc during the most recent quarter end. The investment management firm now holds 75,000 shares of Splunk Inc which is valued at $4,817,250 , the company said in a statement filed on Aug 15, 2016 with the SEC.Splunk Inc makes up approximately 4.09% of Raine Capital’s portfolio.

Other Hedge Funds, Including , Veritable boosted its stake in SPLK in the latest quarter, The investment management firm added 839 additional shares and now holds a total of 5,069 shares of Splunk Inc which is valued at $325,582. Splunk Inc makes up approx 0.01% of Veritable’s portfolio.Lord Abbett boosted its stake in SPLK in the latest quarter, The investment management firm added 4,557 additional shares and now holds a total of 126,133 shares of Splunk Inc which is valued at $8,101,523. Splunk Inc makes up approx 0.02% of Lord Abbett’s portfolio.Castleark Management reduced its stake in SPLK by selling 170 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 85,220 shares of SPLK which is valued at $5,473,681. Splunk Inc makes up approx 0.17% of Castleark Management’s portfolio.Penserra Capital Management reduced its stake in SPLK by selling 69,586 shares or 11.74% in the most recent quarter. The Hedge Fund company now holds 523,045 shares of SPLK which is valued at $33,187,205. Splunk Inc makes up approx 4.30% of Penserra Capital Management’s portfolio. Vigilant Capital Management added SPLK to its portfolio by purchasing 446 company shares during the most recent quarter which is valued at $26,533.

Splunk Inc closed down -0.05 points or -0.09% at $58.19 with 16,80,475 shares getting traded on Thursday. Post opening the session at $57.86, the shares hit an intraday low of $57.39 and an intraday high of $58.29 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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