Splunk Inc (NASDAQ:SPLK) Institutional Investor Positioning

October 2, 2018 - By Hazel Jackson

Splunk Inc. (NASDAQ:SPLK) Logo

Sentiment for Splunk Inc (NASDAQ:SPLK)

Splunk Inc (NASDAQ:SPLK) institutional sentiment decreased to 1.35 in 2018 Q2. Its down -0.39, from 1.74 in 2018Q1. The ratio is negative, as 217 investment professionals increased or started new holdings, while 161 sold and decreased stock positions in Splunk Inc. The investment professionals in our partner’s database now own: 126.55 million shares, down from 131.07 million shares in 2018Q1. Also, the number of investment professionals holding Splunk Inc in their top 10 holdings decreased from 11 to 6 for a decrease of 5. Sold All: 39 Reduced: 122 Increased: 152 New Position: 65.

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 $17.24 billion. The companyÂ’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.

The stock decreased 2.77% or $3.35 during the last trading session, reaching $117.56. About 2.20M shares traded or 14.66% up from the average. Splunk Inc. (NASDAQ:SPLK) has risen 85.26% since October 2, 2017 and is uptrending. It has outperformed by 69.64% the S&P500.

Analysts await Splunk Inc. (NASDAQ:SPLK) to report earnings on November, 15. They expect $-0.20 EPS, up 48.72 % or $0.19 from last year’s $-0.39 per share. After $-0.52 actual EPS reported by Splunk Inc. for the previous quarter, Wall Street now forecasts -61.54 % EPS growth.

Axel Capital Management Llc holds 8.77% of its portfolio in Splunk Inc. for 95,000 shares. Glynn Capital Management Llc owns 199,635 shares or 4.27% of their US portfolio. Moreover, Jag Capital Management Llc has 3.23% invested in the company for 189,944 shares. The California-based Avalon Global Asset Management Llc has invested 3.2% in the stock. Motley Fool Asset Management Llc, a Virginia-based fund reported 186,050 shares.

Since January 1, 0001, it had 0 insider buys, and 15 selling transactions for $26.45 million activity.

Splunk Inc. (NASDAQ:SPLK) Ratings Coverage

Ratings analysis reveals 82% of Splunk’s analysts are positive. Out of 22 Wall Street analysts rating Splunk, 18 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $9800 while the high is $145. The stock’s average target of $128.38 is 9.20% above today’s ($117.56) share price. SPLK was included in 28 notes of analysts from April 11, 2018. Citigroup downgraded the stock to “Sell” rating in Friday, June 15 report. The firm earned “Outperform” rating on Friday, August 24 by Robert W. Baird. The firm has “Buy” rating given on Friday, May 25 by Deutsche Bank. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, May 25. Stifel Nicolaus maintained Splunk Inc. (NASDAQ:SPLK) on Friday, May 25 with “Buy” rating. The stock has “Buy” rating by Piper Jaffray on Monday, May 21. On Friday, August 24 the stock rating was maintained by Deutsche Bank with “Buy”. The stock of Splunk Inc. (NASDAQ:SPLK) has “Outperform” rating given on Friday, May 25 by BMO Capital Markets. The stock of Splunk Inc. (NASDAQ:SPLK) has “In-Line” rating given on Tuesday, July 10 by Evercore. The stock of Splunk Inc. (NASDAQ:SPLK) has “Market Outperform” rating given on Friday, May 25 by JMP Securities.

More recent Splunk Inc. (NASDAQ:SPLK) news were published by: Seekingalpha.com which released: “Splunk Continues To Acquire” on September 14, 2018. Also Seekingalpha.com published the news titled: “Splunk: The Light Is Getting Brighter” on September 17, 2018. Benzinga.com‘s news article titled: “The Week Ahead: Pepsi And Costco Earnings, Upwork IPO” with publication date: October 01, 2018 was also an interesting one.

Splunk Inc. (NASDAQ:SPLK) Institutional Positions Chart

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