Tokio Marine Asset Management Co. Ltd. Raises Stock Position in Splunk Inc. (NASDAQ:SPLK)

Tokio Marine Asset Management Co. Ltd. increased its stake in Splunk Inc. (NASDAQ:SPLK) by 48.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,919 shares of the software company’s stock after purchasing an additional 39,872 shares during the quarter. Splunk accounts for 1.0% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 23rd largest position. Tokio Marine Asset Management Co. Ltd. owned about 0.07% of Splunk worth $18,727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SPLK. Schechter Investment Advisors LLC increased its holdings in 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 acquiring an additional 71 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Splunk by 1.8% in the 4th 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 last quarter. V Square Quantitative Management LLC increased its holdings 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 valued at $162,000 after acquiring an additional 97 shares during the last quarter. Impact Partnership Wealth LLC increased its holdings in Splunk by 11.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,024 shares of the software company’s stock valued at $150,000 after acquiring an additional 108 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Splunk by 12.0% in the 4th quarter. Blue Trust Inc. now owns 1,008 shares of the software company’s stock valued at $148,000 after acquiring an additional 108 shares during the last quarter. 87.56% of the stock is currently owned by institutional investors.

Splunk Stock Performance

Splunk stock remained flat at $156.90 during trading hours on Wednesday. 5,546 shares of the company’s stock traded hands, compared to its average volume of 2,084,977. The company has a market cap of $26.44 billion, a price-to-earnings ratio of 124.52, a P/E/G ratio of 4.42 and a beta of 1.00. 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 Inc. has a 12 month low of $82.19 and a 12 month high of $156.97. The business’s 50-day simple moving average is $156.52 and its 200-day simple moving average is $152.89.

Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Tuesday, February 27th. The software company reported $2.47 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts anticipate that Splunk Inc. will post 1.62 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com assumed coverage on shares of Splunk in a research note on Friday, April 19th. They issued a “buy” rating for the company. TheStreet raised shares of Splunk from a “c” rating to a “b” rating in a research note on Tuesday, February 27th. Twenty-three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.