Splunk Inc. (SPLK) Just Recorded A Sigfniciant Increase

February 15, 2018 - By Peter Erickson

Investors sentiment increased to 1.41 in Q3 2017. Its up 0.35, from 1.06 in 2017Q2. It improved, as 33 investors sold Splunk Inc. shares while 81 reduced holdings. 53 funds opened positions while 108 raised stakes. 143.10 million shares or 3.45% more from 138.32 million shares in 2017Q2 were reported.
Ameriprise owns 5.45M shares for 0.17% of their portfolio. Northern reported 0.01% in Splunk Inc. (NASDAQ:SPLK). Ngam Ltd Partnership reported 0.01% in Splunk Inc. (NASDAQ:SPLK). Price T Rowe Assocs Md holds 0.11% of its portfolio in Splunk Inc. (NASDAQ:SPLK) for 9.82M shares. 9,100 are owned by Capstone Advsrs Ltd Liability Corp. Invesco holds 0.01% in Splunk Inc. (NASDAQ:SPLK) or 311,804 shares. Credit Agricole S A has invested 0.05% of its portfolio in Splunk Inc. (NASDAQ:SPLK). Natixis holds 0.02% or 38,154 shares. Reilly Financial Advsrs Lc holds 43 shares. Metropolitan Life accumulated 10,384 shares. Azimuth Cap Mgmt Lc holds 101,800 shares. Utah Retirement System accumulated 25,200 shares. Daiwa Securities Gru Inc Inc owns 109,433 shares. Bamco Ny holds 0.02% in Splunk Inc. (NASDAQ:SPLK) or 54,844 shares. Pitcairn has invested 0.06% of its portfolio in Splunk Inc. (NASDAQ:SPLK).

Since August 14, 2017, it had 0 buys, and 15 insider sales for $25.97 million activity. Neustaetter Thomas M sold 3,614 shares worth $244,668. SULLIVAN GODFREY sold $2.54M worth of stock or 40,000 shares. CONTE DAVID F sold $694,980 worth of stock or 10,525 shares. 4,851 shares were sold by STEIN LEONARD R, worth $390,684 on Sunday, December 10. Merritt Douglas also sold $683,741 worth of Splunk Inc. (NASDAQ:SPLK) on Wednesday, September 13. Another trade for 7,500 shares valued at $598,350 was sold by Campione Richard.

The stock of Splunk Inc. (NASDAQ:SPLK) is a huge mover today! The stock increased 4.28% or $3.96 during the last trading session, reaching $96.31. About 2.48 million shares traded or 36.83% up from the average. Splunk Inc. (NASDAQ:SPLK) has risen 30.53% since February 15, 2017 and is uptrending. It has outperformed by 13.83% the S&P500.
The move comes after 5 months positive chart setup for the $13.62B company. It was reported on Feb, 15 by Barchart.com. We have $100.16 PT which if reached, will make NASDAQ:SPLK worth $544.92M more.

Analysts await Splunk Inc. (NASDAQ:SPLK) to report earnings on February, 22. They expect $-0.17 earnings per share, up 59.52 % or $0.25 from last year’s $-0.42 per share. After $-0.39 actual earnings per share reported by Splunk Inc. for the previous quarter, Wall Street now forecasts -56.41 % EPS growth.

Splunk Inc. (NASDAQ:SPLK) Ratings Coverage

Among 43 analysts covering Splunk Inc (NASDAQ:SPLK), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Splunk Inc had 152 analyst reports since August 24, 2015 according to SRatingsIntel. The company was initiated on Tuesday, December 15 by Guggenheim. MUFG Securities Americas Inc maintained the shares of SPLK in report on Thursday, November 16 with “Buy” rating. The company was initiated on Wednesday, January 11 by Wells Fargo. On Monday, August 31 the stock rating was maintained by Needham with “Hold”. Susquehanna upgraded the stock to “Positive” rating in Friday, August 25 report. The company was maintained on Friday, November 17 by Robert W. Baird. The stock has “Buy” rating by Guggenheim on Wednesday, January 10. The firm has “Buy” rating by Robert W. Baird given on Friday, May 26. The firm has “Buy” rating by Robert W. Baird given on Thursday, August 24. The rating was upgraded by Guggenheim on Thursday, June 22 to “Buy”.

Another recent and important Splunk Inc. (NASDAQ:SPLK) news was published by Seekingalpha.com which published an article titled: “Needham raises its Splunk target to 24% upside” on January 29, 2018.

Splunk Inc. provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company has market cap of $13.62 billion. The company??s products enable users to collect, index, search, explore, monitor, and analyze data regardless of format or source. It currently has negative earnings. It offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud service.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.