Peconic Partners LLC boosted its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 2,500.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,000 shares of the software company’s stock after acquiring an additional 50,000 shares during the quarter. Splunk accounts for 1.3% of Peconic Partners LLC’s portfolio, making the stock its 9th biggest holding. Peconic Partners LLC’s holdings in Splunk were worth $5,452,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Berman Capital Advisors LLC purchased a new position in Splunk during the 4th quarter valued at $29,000. Bessemer Group Inc. boosted its holdings in Splunk by 192.2% during the 4th quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock valued at $32,000 after acquiring an additional 198 shares during the period. Captrust Financial Advisors boosted its holdings in Splunk by 244.4% during the 4th quarter. Captrust Financial Advisors now owns 427 shares of the software company’s stock valued at $45,000 after acquiring an additional 303 shares during the period. Sumitomo Mitsui Financial Group Inc. purchased a new position in Splunk during the 4th quarter valued at $56,000. Finally, Parallel Advisors LLC boosted its holdings in Splunk by 111.3% during the 4th quarter. Parallel Advisors LLC now owns 638 shares of the software company’s stock valued at $66,000 after acquiring an additional 336 shares during the period. Institutional investors own 89.09% of the company’s stock.
SPLK has been the subject of a number of recent analyst reports. BidaskClub upgraded Splunk from a “buy” rating to a “strong-buy” rating in a report on Monday, January 7th. TheStreet upgraded Splunk from a “d” rating to a “c-” rating in a report on Friday, November 30th. ValuEngine upgraded Splunk from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 5th. Morgan Stanley set a $110.00 price objective on Splunk and gave the company a “hold” rating in a report on Friday, November 30th. Finally, Bank of America restated a “buy” rating and set a $143.00 price objective (up previously from $140.00) on shares of Splunk in a report on Friday, November 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $140.98.
SPLK stock opened at $125.44 on Wednesday. Splunk Inc has a 12-month low of $83.69 and a 12-month high of $143.70. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.84 and a quick ratio of 3.84. The company has a market capitalization of $18.55 billion, a price-to-earnings ratio of -78.89 and a beta of 2.11.
In other Splunk news, Director Godfrey Sullivan sold 8,750 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $123.00, for a total value of $1,076,250.00. Following the completion of the transaction, the director now directly owns 182,155 shares of the company’s stock, valued at $22,405,065. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patricia Morrison sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $134.44, for a total transaction of $672,200.00. Following the sale, the director now directly owns 26,359 shares of the company’s stock, valued at $3,543,703.96. The disclosure for this sale can be found here. Insiders sold a total of 31,853 shares of company stock worth $3,929,076 over the last quarter. 0.36% of the stock is currently owned by company insiders.
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Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
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