Splunk Inc (SPLK) : Herald Investment Management Ltd has sold out all of its stake in Splunk Inc during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 1,000 shares of Splunk Inc which is valued at $63,450.
Other Hedge Funds, Including , Hilltop Park Associates sold out all of its stake in SPLK during the most recent quarter. The investment firm sold 10,000 shares of SPLK which is valued $634,500. Plante Moran Financial Advisors added SPLK to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $30,045. Splunk Inc makes up approx 0.02% of Plante Moran Financial Advisors’s portfolio. Palisade Capital Managementnj sold out all of its stake in SPLK during the most recent quarter. The investment firm sold 34,925 shares of SPLK which is valued $2,098,643.Shell Asset Management Co reduced its stake in SPLK by selling 522 shares or 3.65% in the most recent quarter. The Hedge Fund company now holds 13,769 shares of SPLK which is valued at $819,256. Splunk Inc makes up approx 0.02% of Shell Asset Management Co’s portfolio.Cutler Group Lp boosted its stake in SPLK in the latest quarter, The investment management firm added 15,157 additional shares and now holds a total of 19,220 shares of Splunk Inc which is valued at $1,120,910. Splunk Inc makes up approx 0.08% of Cutler Group Lp’s portfolio.
Splunk Inc opened for trading at $64.38 and hit $65.75 on the upside on Monday, eventually ending the session at $64.91, with a gain of 1.06% or 0.68 points. The heightened volatility saw the trading volume jump to 16,22,324 shares. Company has a market cap of $8,625 M.
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.