Wealth Alliance Has $397,000 Stock Holdings in Splunk Inc. (NASDAQ:SPLK)

Wealth Alliance lowered its position in shares of Splunk Inc. (NASDAQ:SPLK) by 27.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,606 shares of the software company’s stock after selling 1,003 shares during the quarter. Wealth Alliance’s holdings in Splunk were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SPLK. Carmignac Gestion bought a new position in Splunk during the 3rd quarter worth $6,248,000. Nordea Investment Management AB raised its stake in Splunk by 682.1% in the fourth quarter. Nordea Investment Management AB now owns 84,838 shares of the software company’s stock valued at $12,909,000 after purchasing an additional 73,990 shares in the last quarter. DNB Asset Management AS lifted its position 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 acquired a new stake in Splunk during the third quarter worth about $2,486,000. Finally, QRG Capital Management Inc. bought a new position in Splunk in the 3rd quarter valued at about $320,000. Institutional investors own 87.56% of the company’s stock.

Splunk Stock Performance

Shares of SPLK stock opened at $156.90 on Friday. The stock has a market capitalization of $26.44 billion, a PE ratio of 124.52, a PEG ratio of 4.42 and a beta of 1.00. The business’s 50 day simple moving average is $156.33 and its 200 day simple moving average is $152.55. The company has a debt-to-equity ratio of 15.61, a current ratio of 1.69 and a quick ratio of 1.69. Splunk Inc. has a one year low of $82.19 and a one year high of $156.97.

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

Wall Street Analyst Weigh In

SPLK has been the subject of a number of recent analyst reports. TheStreet raised shares of Splunk from a “c” rating to a “b” rating in a report on Tuesday, February 27th. StockNews.com began coverage on Splunk in a report on Friday. They issued a “buy” rating on the stock. Twenty-three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Splunk has a consensus rating of “Hold” and an average price target 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.