The stock of Splunk Inc (NASDAQ:SPLK) is a huge mover today! About 699,392 shares traded hands. Splunk Inc (NASDAQ:SPLK) has risen 34.59% since February 29, 2016 and is uptrending. It has outperformed by 22.37% the S&P500.
The move comes after 7 months positive chart setup for the $8.28 billion company. It was reported on Oct, 3 by Barchart.com. We have $80.50 PT which if reached, will make NASDAQ:SPLK worth $2.73 billion more.
Splunk Inc (NASDAQ:SPLK) Ratings Coverage
Out of 29 analysts covering Splunk Inc (NASDAQ:SPLK), 20 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 69% are positive. Splunk Inc has been the topic of 59 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 31 by Credit Suisse. The rating was initiated by Mitsubishi UFJ on Tuesday, February 9 with “Overweight”. Canaccord Genuity maintained the shares of SPLK in a report on Monday, August 31 with “Buy” rating. The stock has “Neutral” rating given by SunTrust on Friday, May 27. The company was maintained on Friday, August 26 by Canaccord Genuity. The rating was initiated by Mizuho with “Neutral” on Wednesday, September 21. The firm has “Outperform” rating given on Tuesday, April 26 by Macquarie Research. The firm has “Equal-Weight” rating given on Wednesday, January 6 by Barclays Capital. The firm earned “Buy” rating on Wednesday, February 3 by Maxim Group. As per Saturday, August 29, the company rating was maintained by Deutsche Bank.
According to Zacks Investment Research, “Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California.”
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.28, from 1.11 in 2016Q1. The ratio improved, as 35 funds sold all Splunk Inc shares owned while 85 reduced positions. 53 funds bought stakes while 114 increased positions. They now own 131.07 million shares or 0.87% more from 129.93 million shares in 2016Q1.
Blackrock Institutional Tru Na has 0.03% invested in the company for 3.36M shares. Next Financial Group Inc owns 304 shares or 0.01% of their US portfolio. Pine River Mngmt Ltd Partnership holds 760,399 shares or 0.49% of its portfolio. Renaissance Technology Limited Co has invested 0.08% of its portfolio in Splunk Inc (NASDAQ:SPLK). Transamerica Advsrs Inc holds 0% or 1 shares in its portfolio. Proshare Advsrs Ltd Liability reported 4,485 shares or 0% of all its holdings. Ibm Retirement Fund holds 13,233 shares or 0.03% of its portfolio. Finemark Bank & Trust Trust holds 0% or 705 shares in its portfolio. Glenmede Na reported 810 shares or 0% of all its holdings. Bnp Paribas Arbitrage last reported 0.01% of its portfolio in the stock. Seven Eight Cap Ltd Liability Company last reported 0.07% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.02% invested in the company for 29,952 shares. Caisse De Depot Et Placement Du Quebec accumulated 8,500 shares or 0% of the stock. Jane Street Grp accumulated 3,839 shares or 0% of the stock. Bluestein R H & Com has invested 0.02% of its portfolio in Splunk Inc (NASDAQ:SPLK).
Insider Transactions: Since April 4, 2016, the stock had 0 buys, and 19 insider sales for $48.27 million net activity. On Friday, June 10 STEIN LEONARD R sold $194,031 worth of the stock or 3,436 shares. 128,750 shares were sold by SULLIVAN GODFREY, worth $7.30 million on Friday, June 10. CONTE DAVID F sold 10,575 shares worth $675,470. Another trade for 5,855 shares valued at $340,601 was made by Sommer Steven R on Wednesday, June 15. $357,606 worth of Splunk Inc (NASDAQ:SPLK) was sold by Merritt Douglas on Wednesday, September 14.
More recent Splunk Inc (NASDAQ:SPLK) news were published by: Investorplace.com which released: “Is Splunk Inc a Solid Stock to Buy Now? (SPLK)” on September 26, 2016. Also Benzinga.com published the news titled: “Splunk’s Product Enhancements Could Improve Its Competitive Position” on September 30, 2016. Businesswire.com‘s news article titled: “Splunk Invests in Developer Ecosystem to Fuel Platform Innovation” with publication date: September 27, 2016 was also an interesting one.
SPLK Company Profile
Splunk Inc., incorporated on April 11, 2006, is a well-known provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its clients to gain real-time operational intelligence by harnessing the value of their data. The Company’s offerings address diverse data sets that are referred to as big data and are specifically used for machine-generated data. Machine data is produced by various software application and electronic devices in an organization and contains a definitive, time-stamped record of various activities, such as transactions, customer and user activities and security threats. The Company’s products help users in various roles, including information technology (IT), security and business professionals, to analyze their machine data and achieve real-time visibility into and intelligence about their organization’s operations. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.
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