Breaking: Piper Jaffray Reaffirms $130.0 Price Objective On Splunk (SPLK) Shares, Reaffirms Their Original Overweight Rating

May 21, 2018 - By Adrian Mccoy

Splunk Inc. (NASDAQ:SPLK) Logo

Investors sentiment decreased to 1.38 in Q4 2017. Its down 0.03, from 1.41 in 2017Q3. It fall, as 31 investors sold Splunk Inc. shares while 97 reduced holdings. 76 funds opened positions while 100 raised stakes. 138.84 million shares or 2.97% less from 143.10 million shares in 2017Q3 were reported.

Sandy Spring Bancorporation stated it has 0% in Splunk Inc. (NASDAQ:SPLK). 1832 Asset Lp stated it has 0.42% in Splunk Inc. (NASDAQ:SPLK). 28,522 were reported by Barclays Plc. Piermont Cap Management owns 6,490 shares. Envestnet Asset Mgmt reported 0% stake. The California-based Covington Cap Mngmt has invested 0% in Splunk Inc. (NASDAQ:SPLK). Acadian Asset Mngmt Ltd Liability Corp has invested 0.01% in Splunk Inc. (NASDAQ:SPLK). Alpha Windward Ltd invested 0.02% of its portfolio in Splunk Inc. (NASDAQ:SPLK). Sit Investment Assocs owns 28,975 shares or 0.06% of their US portfolio. Moors & Cabot accumulated 0.14% or 13,034 shares. Bluecrest Mngmt Limited has invested 0.07% in Splunk Inc. (NASDAQ:SPLK). Voya Inv Limited Liability stated it has 0.01% in Splunk Inc. (NASDAQ:SPLK). Caisse De Depot Et Placement Du Quebec invested in 0% or 7,000 shares. Clinton Group Inc has invested 0.04% in Splunk Inc. (NASDAQ:SPLK). Rhumbline Advisers holds 0.02% in Splunk Inc. (NASDAQ:SPLK) or 148,274 shares.

Since December 10, 2017, it had 0 insider buys, and 15 sales for $19.16 million activity. STEIN LEONARD R had sold 10,047 shares worth $1.08 million. SULLIVAN GODFREY sold $941,503 worth of Splunk Inc. (NASDAQ:SPLK) on Monday, March 12. Merritt Douglas also sold $3.03M worth of Splunk Inc. (NASDAQ:SPLK) on Tuesday, March 13. St. Ledger Susan also sold $2.05 million worth of Splunk Inc. (NASDAQ:SPLK) on Tuesday, April 3. Campione Richard sold $598,350 worth of stock or 7,500 shares. Another trade for 10,000 shares valued at $1.07M was made by SMITH GRAHAM on Thursday, March 15.

Splunk (SPLK) Rating Reaffirmed

Piper Jaffray now has a $130.0 TP on the $16.70 billion market cap company or 11.40 % upside potential. In a report issued to clients on 21 May, Splunk (SPLK) shares have had their Overweight Rating reconfirmed by stock research analysts at Piper Jaffray.

The stock decreased 1.32% or $1.54 during the last trading session, reaching $115.16. About 738,894 shares traded. Splunk Inc. (SPLK) has risen 63.75% since May 21, 2017 and is uptrending. It has outperformed by 52.20% the S&P500.

Analysts await Splunk Inc. (NASDAQ:SPLK) to report earnings on May, 24 after the close. They expect $-0.59 EPS, up 15.71 % or $0.11 from last year’s $-0.7 per share. After $-0.11 actual EPS reported by Splunk Inc. for the previous quarter, Wall Street now forecasts 436.36 % negative EPS growth.

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 $16.70 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.

More recent Splunk Inc. (NASDAQ:SPLK) news were published by: Seekingalpha.com which released: “A Different Take On Splunk” on April 27, 2018. Also Seekingalpha.com published the news titled: “Spotlight On Gambling Reset And Banking Bill” on May 19, 2018. Benzinga.com‘s news article titled: “Benzinga Pro’s 5 Stocks To Watch Today” with publication date: April 27, 2018 was also an interesting one.

Splunk Inc. (NASDAQ:SPLK) Institutional Positions Chart

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