Harvest Fund Management Co. Ltd Purchases 1,481 Shares of Splunk Inc. (NASDAQ:SPLK)

Harvest Fund Management Co. Ltd lifted its position in Splunk Inc. (NASDAQ:SPLK) by 64.4% during the 4th quarter, Holdings Channel reports. The firm owned 3,781 shares of the software company’s stock after buying an additional 1,481 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Splunk were worth $575,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Yousif Capital Management LLC grew its holdings in Splunk by 4.9% during the 4th quarter. Yousif Capital Management LLC now owns 2,313 shares of the software company’s stock worth $352,000 after acquiring an additional 108 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in Splunk by 188.6% during the 4th quarter. Wolverine Asset Management LLC now owns 17,498 shares of the software company’s stock worth $2,666,000 after acquiring an additional 11,435 shares during the last quarter. California Public Employees Retirement System lifted its position in Splunk by 1.8% during the 4th quarter. California Public Employees Retirement System now owns 286,961 shares of the software company’s stock valued at $43,719,000 after purchasing an additional 5,033 shares during the period. Handelsbanken Fonder AB lifted its position in Splunk by 133.2% during the 4th quarter. Handelsbanken Fonder AB now owns 86,194 shares of the software company’s stock valued at $13,132,000 after purchasing an additional 49,225 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Splunk by 5.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,082 shares of the software company’s stock valued at $3,517,000 after purchasing an additional 1,111 shares during the period. Institutional investors own 87.56% of the company’s stock.

Wall Street Analyst Weigh In

SPLK has been the topic of a number of research reports. TheStreet upgraded shares of Splunk from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. StockNews.com initiated coverage on shares of Splunk in a research report on Friday, April 19th. They set a “buy” rating on the stock. Twenty-three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $135.31.

Splunk Price Performance

Shares of SPLK remained flat at $156.90 during mid-day trading on Wednesday. 5,546 shares of the stock traded hands, compared to its average volume of 2,084,977. The firm 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 one year low of $82.19 and a one year high of $156.97. The stock has a 50 day moving average of $156.47 and a 200-day moving average of $152.86. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.69 and a current ratio of 1.69.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Tuesday, February 27th. The software company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $1.05 by $1.42. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Splunk had a net margin of 6.26% and a return on equity of 32,117.42%. On average, analysts anticipate that Splunk Inc. will post 1.62 earnings per share for the current year.

Splunk Company 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.