CKW Financial Group Grows Stock Holdings in Splunk Inc. (NASDAQ:SPLK)

CKW Financial Group increased its holdings in shares of Splunk Inc. (NASDAQ:SPLK) by 36.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 556 shares of the software company’s stock after purchasing an additional 150 shares during the period. CKW Financial Group’s holdings in Splunk were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Schechter Investment Advisors LLC lifted its holdings in shares of Splunk by 4.7% in the 4th quarter. Schechter Investment Advisors LLC now owns 1,570 shares of the software company’s stock valued at $239,000 after buying an additional 71 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Splunk by 1.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 5,018 shares of the software company’s stock valued at $764,000 after acquiring an additional 91 shares during the period. V Square Quantitative Management LLC boosted its position in Splunk by 9.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,107 shares of the software company’s stock worth $162,000 after purchasing an additional 97 shares in the last quarter. Harbour Investments Inc. boosted its position in Splunk by 30.4% in the 3rd quarter. Harbour Investments Inc. now owns 442 shares of the software company’s stock worth $65,000 after purchasing an additional 103 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its stake in shares of Splunk by 3.6% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 3,062 shares of the software company’s stock worth $455,000 after purchasing an additional 105 shares during the period. 87.56% of the stock is currently owned by institutional investors and hedge funds.

Splunk Stock Performance

Shares of SPLK opened at $156.90 on Friday. Splunk Inc. has a 12-month low of $82.19 and a 12-month high of $156.97. The firm has a market capitalization of $26.44 billion, a P/E ratio of 124.52, a P/E/G ratio of 4.42 and a beta of 1.00. The firm has a 50-day moving average price of $155.99 and a 200 day moving average price of $152.17. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 15.61.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Tuesday, February 27th. The software company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $1.05 by $1.42. The business 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%. Sell-side analysts forecast that Splunk Inc. will post 1.62 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SPLK. TheStreet raised shares of Splunk from a “c” rating to a “b” rating in a report on Tuesday, February 27th. StockNews.com initiated coverage on shares of Splunk in a research note on Thursday. They set a “buy” rating on the stock. Twenty-three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Splunk presently has a consensus rating of “Hold” and an average target price of $135.31.

About Splunk

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.