Santa Fe Partners Lowers stake in Splunk Inc (SPLK)

Splunk Inc (SPLK) : Santa Fe Partners reduced its stake in Splunk Inc by 2.16% during the most recent quarter end. The investment management company now holds a total of 33,401 shares of Splunk Inc which is valued at $1,665,708 after selling 739 shares in Splunk Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Splunk Inc makes up approximately 0.27% of Santa Fe Partners’s portfolio.

Splunk Inc closed down -0.21 points or -0.42% at $49.66 with 12,77,779 shares getting traded on Monday. Post opening the session at $49.8, the shares hit an intraday low of $49.35 and an intraday high of $50.61 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Gofen Glossberg Il reduced its stake in SPLK by selling 1,100 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 39,095 shares of SPLK which is valued at $1,949,668. Splunk Inc makes up approx 0.08% of Gofen Glossberg Il’s portfolio. Integrated Investment Consultants added SPLK to its portfolio by purchasing 1,404 company shares during the most recent quarter which is valued at $70,017. Splunk Inc makes up approx 0.04% of Integrated Investment Consultants’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in SPLK in the latest quarter, The investment management firm added 4,951 additional shares and now holds a total of 40,363 shares of Splunk Inc which is valued at $2,012,903. Splunk Inc makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Creative Planning reduced its stake in SPLK by selling 147 shares or 4.53% in the most recent quarter. The Hedge Fund company now holds 3,101 shares of SPLK which is valued at $151,112.

On the company’s financial health, Splunk Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.08. The company had revenue of $220.00 million for the quarter, compared to analysts expectations of $203.04 million. The company’s revenue was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Splunk Inc. Company shares were Reiterated by Stifel on Mar 22, 2016 to “Buy”, Firm has raised the Price Target to $ 56 from a previous price target of $51 .Splunk Inc was Initiated by Macquarie to “Outperform” on Mar 4, 2016. BMO Capital Markets Initiated Splunk Inc on Mar 4, 2016 to “Outperform”, Price Target of the shares are set at $55.

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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