Mirae Asset Global Investments Co. Ltd. Has $16.55 Million Stock Holdings in Splunk Inc. (NASDAQ:SPLK)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Splunk Inc. (NASDAQ:SPLKGet Rating) by 19.4% in the first quarter, Holdings Channel.com reports. The fund owned 111,336 shares of the software company’s stock after acquiring an additional 18,060 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Splunk were worth $16,546,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Primecap Management Co. CA lifted its stake in shares of Splunk by 4.2% in the first quarter. Primecap Management Co. CA now owns 7,889,961 shares of the software company’s stock worth $1,172,527,000 after buying an additional 320,910 shares during the last quarter. Clearbridge Investments LLC increased its position in Splunk by 12.3% during the first quarter. Clearbridge Investments LLC now owns 5,753,569 shares of the software company’s stock worth $855,038,000 after acquiring an additional 628,288 shares during the period. Vulcan Value Partners LLC bought a new position in Splunk during the fourth quarter worth $535,507,000. Geode Capital Management LLC increased its position in Splunk by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,049,835 shares of the software company’s stock worth $236,842,000 after acquiring an additional 43,237 shares during the period. Finally, Sarasin & Partners LLP increased its position in Splunk by 8.8% during the first quarter. Sarasin & Partners LLP now owns 1,933,575 shares of the software company’s stock worth $287,349,000 after acquiring an additional 156,607 shares during the period. 85.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPLK has been the topic of a number of research reports. Cowen dropped their target price on shares of Splunk from $110.00 to $95.00 and set a “market perform” rating on the stock in a research report on Thursday, August 25th. Citigroup reissued a “neutral” rating and issued a $118.00 price target (down previously from $120.00) on shares of Splunk in a report on Wednesday, August 3rd. Morgan Stanley boosted their price target on shares of Splunk from $128.00 to $133.00 and gave the company an “equal weight” rating in a report on Thursday, August 25th. Needham & Company LLC lowered their price target on shares of Splunk from $145.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, May 26th. Finally, Piper Sandler lowered their price target on shares of Splunk from $130.00 to $120.00 in a report on Wednesday, July 13th. Nine equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.57.

Splunk Stock Performance

Shares of SPLK stock opened at $90.79 on Monday. The company has a debt-to-equity ratio of 14.09, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $14.77 billion, a PE ratio of -14.60 and a beta of 1.41. The stock has a 50-day moving average of $101.10 and a 200-day moving average of $109.48. Splunk Inc. has a one year low of $84.63 and a one year high of $176.66.

Splunk (NASDAQ:SPLKGet Rating) last announced its quarterly earnings results on Wednesday, August 24th. The software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.44. Splunk had a negative return on equity of 396.11% and a negative net margin of 32.85%. The company had revenue of $798.75 million during the quarter, compared to analysts’ expectations of $747.92 million. During the same period in the prior year, the business posted ($1.63) EPS. Splunk’s revenue was up 31.9% on a year-over-year basis. As a group, sell-side analysts expect that Splunk Inc. will post -3.58 earnings per share for the current year.

Splunk Company Profile

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Splunk Inc, together with its subsidiaries, provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities.

See Also

Want to see what other hedge funds are holding SPLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Splunk Inc. (NASDAQ:SPLKGet Rating).

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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