Vontobel Holding Ltd. Lowers Stake in Splunk Inc. (NASDAQ:SPLK)

Vontobel Holding Ltd. lowered its holdings in shares of Splunk Inc. (NASDAQ:SPLK) by 25.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,813 shares of the software company’s stock after selling 3,974 shares during the period. Vontobel Holding Ltd.’s holdings in Splunk were worth $1,800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPLK. Clearbridge Investments LLC raised its position in shares of Splunk by 12.3% in the 1st quarter. Clearbridge Investments LLC now owns 5,753,569 shares of the software company’s stock worth $855,038,000 after purchasing an additional 628,288 shares during the last quarter. Legal & General Group Plc raised its position in Splunk by 8.0% in the 4th quarter. Legal & General Group Plc now owns 2,302,775 shares of the software company’s stock worth $198,246,000 after buying an additional 170,233 shares during the last quarter. Geode Capital Management LLC lifted its position in Splunk by 3.8% during the first quarter. Geode Capital Management LLC now owns 2,207,458 shares of the software company’s stock valued at $211,337,000 after purchasing an additional 80,045 shares during the period. Starboard Value LP purchased a new stake in Splunk in the fourth quarter worth approximately $160,720,000. Finally, Ameriprise Financial Inc. grew its position in Splunk by 8.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,729,887 shares of the software company’s stock worth $252,996,000 after purchasing an additional 131,909 shares during the period. Hedge funds and other institutional investors own 87.56% of the company’s stock.

Splunk Stock Performance

NASDAQ:SPLK opened at $156.90 on Friday. The stock has a 50-day moving average price of $156.37 and a 200 day moving average price of $152.63. The stock has a market capitalization of $26.44 billion, a P/E ratio of 124.52, a P/E/G ratio of 4.42 and a beta of 1.00. Splunk Inc. has a 12-month low of $82.19 and a 12-month high of $156.97. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 15.61.

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

Analyst Upgrades and Downgrades

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

About Splunk

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.