Mirae Asset Global Investments Co. Ltd. Raises Stock Holdings in Splunk Inc. (NASDAQ:SPLK)

Mirae Asset Global Investments Co. Ltd. raised its stake in Splunk Inc. (NASDAQ:SPLK - Free Report) by 166.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 171,205 shares of the software company's stock after buying an additional 106,952 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Splunk worth $26,083,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SPLK. Carmignac Gestion acquired a new stake in shares of Splunk in the third quarter valued at approximately $6,248,000. Nordea Investment Management AB raised its holdings in shares of Splunk by 682.1% in the fourth quarter. Nordea Investment Management AB now owns 84,838 shares of the software company's stock valued at $12,909,000 after purchasing an additional 73,990 shares during the last quarter. DNB Asset Management AS raised its holdings in shares of Splunk by 25.8% in the fourth quarter. DNB Asset Management AS now owns 48,043 shares of the software company's stock valued at $7,319,000 after purchasing an additional 9,847 shares during the last quarter. Capula Management Ltd acquired a new position in Splunk during the third quarter worth $2,486,000. Finally, QRG Capital Management Inc. acquired a new position in Splunk during the third quarter worth $320,000. Institutional investors own 87.56% of the company's stock.

Splunk Stock Performance

NASDAQ SPLK remained flat at $156.90 during trading on Tuesday. The company's stock had a trading volume of 5,546 shares, compared to its average volume of 2,084,977. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $26.44 billion, a P/E ratio of 124.52, a PEG ratio of 4.42 and a beta of 1.00. Splunk Inc. has a 12-month low of $82.19 and a 12-month high of $156.97. The firm's fifty day moving average price is $155.78 and its 200 day moving average price is $152.02.

Splunk (NASDAQ:SPLK - Get Free Report) last issued its earnings results on Tuesday, February 27th. The software company reported $2.47 EPS for the quarter, topping the consensus estimate of $1.05 by $1.42. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.26 billion. Splunk had a return on equity of 32,117.42% and a net margin of 6.26%. Analysts forecast that Splunk Inc. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SPLK shares. TheStreet upgraded shares of Splunk from a "c" rating to a "b" rating in a report on Tuesday, February 27th. StockNews.com started coverage on shares of Splunk in a report on Wednesday, April 3rd. They set a "buy" rating on the stock. Twenty-three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $135.31.

Splunk Profile

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.