Splunk Inc. (NASDAQ:SPLK) Shares Bought by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. boosted its holdings in shares of Splunk Inc. (NASDAQ:SPLK) by 43.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 409 shares of the software company’s stock after buying an additional 123 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Splunk were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Schechter Investment Advisors LLC lifted its holdings in Splunk by 4.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 1,570 shares of the software company’s stock worth $239,000 after buying an additional 71 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Splunk by 1.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 5,018 shares of the software company’s stock worth $764,000 after buying an additional 91 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in Splunk by 9.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,107 shares of the software company’s stock worth $162,000 after buying an additional 97 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Splunk by 30.4% during the 3rd quarter. Harbour Investments Inc. now owns 442 shares of the software company’s stock worth $65,000 after buying an additional 103 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its holdings in Splunk by 3.6% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 3,062 shares of the software company’s stock worth $455,000 after buying an additional 105 shares in the last quarter. 87.56% of the stock is currently owned by institutional investors and hedge funds.

Splunk Stock Performance

Shares of Splunk stock opened at $156.90 on Friday. Splunk Inc. has a 1 year low of $82.19 and a 1 year high of $156.97. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $26.44 billion, a P/E ratio of 124.52, a PEG ratio of 4.42 and a beta of 1.00. The company’s fifty day moving average is $156.37 and its two-hundred day moving average is $152.63.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Tuesday, February 27th. The software company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.26 billion. Analysts forecast that Splunk Inc. will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SPLK. StockNews.com began coverage on shares of Splunk in a report on Friday. They issued a “buy” rating on the stock. TheStreet upgraded shares of Splunk from a “c” rating to a “b” rating in a report on Tuesday, February 27th. Twenty-three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $135.31.

Splunk Company 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.