Splunk Inc (SPLK) : Gilder Gagnon Howe Co reduced its stake in Splunk Inc by 1.72% during the most recent quarter end. The investment management company now holds a total of 233,079 shares of Splunk Inc which is valued at $14,005,717 after selling 4,084 shares in Splunk Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Splunk Inc makes up approximately 0.26% of Gilder Gagnon Howe Co’s portfolio.
Other Hedge Funds, Including , Quadrant Capital Group added SPLK to its portfolio by purchasing 30 company shares during the most recent quarter which is valued at $1,876.Capital One National Association boosted its stake in SPLK in the latest quarter, The investment management firm added 1,797 additional shares and now holds a total of 6,958 shares of Splunk Inc which is valued at $413,931. Splunk Inc makes up approx 0.03% of Capital One National Association’s portfolio.Simplex Trading boosted its stake in SPLK in the latest quarter, The investment management firm added 2,203 additional shares and now holds a total of 20,702 shares of Splunk Inc which is valued at $1,231,562. Splunk Inc makes up approx 0.16% of Simplex Trading’s portfolio. Kistler-tiffany Companies added SPLK to its portfolio by purchasing 7 company shares during the most recent quarter which is valued at $396.
Splunk Inc closed down -0.24 points or -0.40% at $59.85 with 11,09,256 shares getting traded on Thursday. Post opening the session at $60.21, the shares hit an intraday low of $59.43 and an intraday high of $60.67 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. Company shares were Reiterated by Maxim Group on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 84 from a previous price target of $75 .Citigroup Downgraded Splunk Inc on Jul 20, 2016 to ” Neutral”, Price Target of the shares are set at $62.Company shares were Reiterated by Stifel on Jun 16, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $56 .
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.