Point72 Asset Management L.P. Invests $16.72 Million in Splunk Inc (NASDAQ:SPLK)
Point72 Asset Management L.P. acquired a new stake in Splunk Inc (NASDAQ:SPLK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 111,628 shares of the software company’s stock, valued at approximately $16,719,000. Point72 Asset Management L.P. owned approximately 0.07% of Splunk at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Beck Bode LLC grew its stake in Splunk by 7.1% in the third quarter. Beck Bode LLC now owns 47,335 shares of the software company’s stock valued at $5,579,000 after purchasing an additional 3,141 shares in the last quarter. Evoke Wealth LLC bought a new position in shares of Splunk in the third quarter valued at $441,000. Public Employees Retirement System of Ohio grew its stake in shares of Splunk by 1.5% in the third quarter. Public Employees Retirement System of Ohio now owns 78,441 shares of the software company’s stock valued at $9,245,000 after buying an additional 1,181 shares in the last quarter. Stifel Financial Corp increased its holdings in Splunk by 10.1% during the third quarter. Stifel Financial Corp now owns 143,112 shares of the software company’s stock worth $16,933,000 after buying an additional 13,158 shares during the last quarter. Finally, CSS LLC IL acquired a new position in Splunk during the fourth quarter worth $231,000. 94.26% of the stock is currently owned by institutional investors and hedge funds.
SPLK stock traded up $7.10 during trading hours on Thursday, hitting $129.14. 2,059,373 shares of the stock were exchanged, compared to its average volume of 2,054,325. Splunk Inc has a 12 month low of $93.92 and a 12 month high of $176.31. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $20.14 billion, a P/E ratio of -57.65 and a beta of 1.77. The company has a 50-day simple moving average of $145.20 and a two-hundred day simple moving average of $137.41.
In related news, CEO Douglas Merritt sold 7,001 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $100.07, for a total value of $700,590.07. Following the completion of the transaction, the chief executive officer now owns 267,563 shares of the company’s stock, valued at $26,775,029.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ledger Susan St. sold 2,617 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $162.95, for a total value of $426,440.15. Following the completion of the transaction, the insider now directly owns 182,605 shares of the company’s stock, valued at approximately $29,755,484.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,724 shares of company stock valued at $5,022,030. 0.34% of the stock is currently owned by corporate insiders.
A number of analysts have commented on SPLK shares. Jefferies Financial Group reiterated a “buy” rating and issued a $180.00 price target on shares of Splunk in a research note on Monday, March 2nd. Royal Bank of Canada restated a “buy” rating and set a $180.00 price objective (up from $165.00) on shares of Splunk in a research note on Wednesday, March 4th. SunTrust Banks upped their target price on shares of Splunk from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Argus upped their target price on shares of Splunk from $156.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $200.00 target price on shares of Splunk in a research note on Thursday, March 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $168.41.
Splunk Company Profile
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.
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