Splunk Inc (NASDAQ:SPLK).
Raymond James & Associates says it increased its stake in Splunk Inc stock by 12.2% in a 13F filing with the SEC. Its investment stood at $11,239,000 an increase of $2,657,000 according to the filing.
These firms have modified their investment in SPLK. Alliancebernstein L.P. grew its stake by buying 234,818 shares an increase of 20.3% from 06/30/2017 to 09/30/2017. Alliancebernstein L.P. currently owns 1,390,370 shares with a value of $92,362,000. The value of the position overall is up by 40.5%. As of the end of the quarter Edmond De Rothschild Holding S.a. had acquired 11,000 shares growing its stake by 17.0%. The value of the investment in (SPLK) went from $3,673,000 to $5,020,000 a change of 36.7% for the reporting period.
Thornburg Investment Management Inc reduced its position by selling 11 shares a decrease of 0.0% in the quarter. Thornburg Investment Management Inc owns 143,098 shares worth $9,506,000. The total value of its holdings increased 16.8%.
November 7 investment analysts at Royal Bank Of Canada kept the stock rating at “Buy” targeting a price of $76.00. October 27 investment analysts at KeyCorp reiterated a “Buy” rating on the stock.
On October 27 Maxim Group held the stock rating at “Buy” with a current price target of $79.00. On October 23, 2017 Needham & Company LLC released guidance on SPLK with an initial rating of “Buy”.
On October 19 Northland Securities made no change to the company rating of “Buy” projecting a price of $80.00.
In the market the company is trading down by 0.41% percent from yesterday’s close. The company currently has a P/E ratio of N/A and the market cap is 9.53B. As of the last earnings report the EPS was $-2.57 with 139.99M shares currently outstanding.
Investors are a little more bullish on Splunk Inc lately if you pay attention to the motion in short interest. The firm saw a fall in short interest of -12.95% as of October 13, 2017 from the last reporting period. Short shares fell 1,792,950 over that timeframe. Days to cover decreased -1.0 to 7.0 and the percentage of shorted shares is 0.09% as of October 13.