Splunk Inc (SPLK) : Winfield Associates scooped up 550 additional shares in Splunk Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 15,855 shares of Splunk Inc which is valued at $1,018,367.Splunk Inc makes up approximately 0.64% of Winfield Associates’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies added SPLK to its portfolio by purchasing 48,056 company shares during the most recent quarter which is valued at $3,086,637. Splunk Inc makes up approx 0.16% of Cubist Systematic Strategies’s portfolio.New York State Common Retirement Fund boosted its stake in SPLK in the latest quarter, The investment management firm added 51,675 additional shares and now holds a total of 432,219 shares of Splunk Inc which is valued at $27,761,426. Splunk Inc makes up approx 0.04% of New York State Common Retirement Fund’s portfolio.Blackrock Group Ltd boosted its stake in SPLK in the latest quarter, The investment management firm added 20,977 additional shares and now holds a total of 767,201 shares of Splunk Inc which is valued at $49,277,320. Splunk Inc makes up approx 0.02% of Blackrock Group Ltd’s portfolio.Tocqueville Asset Management boosted its stake in SPLK in the latest quarter, The investment management firm added 3,870 additional shares and now holds a total of 109,410 shares of Splunk Inc which is valued at $6,842,501. Splunk Inc makes up approx 0.09% of Tocqueville Asset Management’s portfolio.
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.