Splunk Inc. (NASDAQ:SPLK) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of Splunk Inc. (NASDAQ:SPLK) by 174.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,952 shares of the software company’s stock after buying an additional 4,417 shares during the quarter. Metis Global Partners LLC’s holdings in Splunk were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in SPLK. Raleigh Capital Management Inc. grew its position in shares of Splunk by 546.2% during the third quarter. Raleigh Capital Management Inc. now owns 168 shares of the software company’s stock worth $25,000 after buying an additional 142 shares in the last quarter. Orion Capital Management LLC acquired a new stake in shares of Splunk during the third quarter worth approximately $33,000. Venturi Wealth Management LLC acquired a new stake in shares of Splunk during the third quarter worth approximately $42,000. First Command Advisory Services Inc. acquired a new position in Splunk in the third quarter worth $44,000. Finally, Webster Bank N. A. acquired a new position in Splunk in the fourth quarter worth $44,000. Institutional investors and hedge funds own 87.56% of the company’s stock.

Splunk Stock Performance

Shares of SPLK opened at $156.90 on Thursday. The business’s 50-day moving average price is $156.77 and its 200 day moving average price is $153.51. 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 1-year low of $82.19 and a 1-year 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 issued its quarterly earnings results on Tuesday, February 27th. The software company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $1.42. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Splunk had a return on equity of 32,117.42% and a net margin of 6.26%. Analysts expect that Splunk Inc. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on SPLK shares. StockNews.com started coverage on shares of Splunk in a report on Sunday. They issued a “buy” rating for the company. TheStreet raised shares of Splunk from a “c” rating to a “b” rating in a report on Tuesday, February 27th. 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, the company has an average rating of “Hold” and a consensus target price 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.