ORG Partners LLC Decreases Stake in Splunk Inc. (NASDAQ:SPLK)

ORG Partners LLC reduced its holdings in Splunk Inc. (NASDAQ:SPLK) by 89.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 431 shares of the software company’s stock after selling 3,643 shares during the period. ORG Partners LLC’s holdings in Splunk were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Carmignac Gestion purchased a new position in Splunk during the third quarter worth about $6,248,000. Nordea Investment Management AB raised its stake in Splunk by 682.1% during the fourth quarter. Nordea Investment Management AB now owns 84,838 shares of the software company’s stock worth $12,909,000 after purchasing an additional 73,990 shares during the period. DNB Asset Management AS raised its stake in Splunk by 25.8% during the fourth quarter. DNB Asset Management AS now owns 48,043 shares of the software company’s stock worth $7,319,000 after purchasing an additional 9,847 shares during the period. Capula Management Ltd purchased a new stake in shares of Splunk in the 3rd quarter valued at approximately $2,486,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of Splunk in the 3rd quarter valued at approximately $320,000. 87.56% of the stock is owned by hedge funds and other institutional investors.

Splunk Stock Performance

Shares of NASDAQ:SPLK opened at $156.90 on Tuesday. Splunk Inc. has a 52 week low of $82.19 and a 52 week high of $156.97. The company’s 50 day moving average is $156.14 and its two-hundred day moving average is $152.42. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 15.61. The company has a market cap of $26.44 billion, a PE ratio of 124.52, a P/E/G ratio of 4.42 and a beta of 1.00.

Splunk (NASDAQ:SPLK) last posted its earnings results on Tuesday, February 27th. The software company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $1.42. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.26 billion. Splunk had a net margin of 6.26% and a return on equity of 32,117.42%. Equities analysts predict that Splunk Inc. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SPLK shares. StockNews.com started coverage on shares of Splunk in a research note on Thursday, April 11th. They issued a “buy” rating on the stock. TheStreet raised shares of Splunk from a “c” rating to a “b” rating in a research note on Tuesday, February 27th. Twenty-three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $135.31.

Splunk Profile

Splunk Inc, together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.