Stifel Nicolaus Maintains Splunk Inc to Buy with Price Target $62.00

Brokerage firm Stifel Nicolaus Maintains its rating on Splunk Inc(NASDAQ:SPLK). In a research note issued to the investors, the brokerage major Raises the price-target to $62.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Jun 16, 2016.

In a different note, On May 27, 2016, Citigroup said it Maintains its rating on Splunk Inc. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Morgan Stanley said it Maintains its rating on Splunk Inc. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 27, 2016, Credit Suisse said it Maintains its rating on Splunk Inc. The shares have been rated ‘Outperform’ by the firm. On May 27, 2016, Deutsche Bank said it Maintains its rating on Splunk Inc. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Canaccord Genuity said it Maintains its rating on Splunk Inc. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Pacific Crest said it Maintains its rating on Splunk Inc. In the research note, the firm Raises the price-target to $67.00 per share. The shares have been rated ‘Overweight’ by the firm.

Splunk Inc (SPLK) made into the market gainers list on Tuesdays trading session with the shares advancing 1.15% or 0.68 points. Due to strong positive momentum, the stock ended at $59.56, which is also near the day’s high of $59.97. The stock began the session at $59.24 and the volume stood at 15,28,501 shares. The 52-week high of the shares is $76.85 and the 52 week low is $29.85. The company has a current market capitalization of $7,914 M and it has 13,28,79,875 shares in outstanding.

Splunk Inc(SPLK) last announced its earnings results on May 26, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $185.95M. Analysts had an estimated revenue of $174.13M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.02.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Godfrey Sullivan (director) sold 128,750 shares at $56.87 per share price.Also, On Jun 14, 2016, Leonard R Stein (SVP, General Counsel & Sec.) sold 3,436 shares at $56.47 per share price.On May 26, 2016, Steven R Sommer (SVP & Chief Marketing Officer) sold 5,000 shares at $55.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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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