Illinois Municipal Retirement Fund Sells 6,222 Shares of Splunk Inc. (NASDAQ:SPLK)

Illinois Municipal Retirement Fund decreased its holdings in Splunk Inc. (NASDAQ:SPLK) by 7.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 80,399 shares of the software company’s stock after selling 6,222 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Splunk were worth $12,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Schechter Investment Advisors LLC grew its position in shares of Splunk by 4.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 1,570 shares of the software company’s stock valued at $239,000 after purchasing an additional 71 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of 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 lifted its stake in shares of 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 lifted its stake in shares of 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. lifted its stake in shares of 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. Institutional investors own 87.56% of the company’s stock.

Splunk Stock Performance

Shares of Splunk stock remained flat at $156.90 during mid-day trading on Tuesday. 5,546 shares of the company’s stock traded hands, compared to its average volume of 2,084,977. Splunk Inc. has a 1 year low of $82.19 and a 1 year high of $156.97. The firm’s 50 day moving average is $156.42 and its 200-day moving average is $152.78. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 15.61. The stock 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.

Splunk (NASDAQ:SPLK) last posted 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. Splunk had a net margin of 6.26% and a return on equity of 32,117.42%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Analysts predict that Splunk Inc. will post 1.62 EPS for the current year.

Analysts Set New Price Targets

SPLK has been the subject of several analyst reports. TheStreet raised Splunk from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. StockNews.com started coverage on Splunk in a report on Friday. They set a “buy” rating for the company. Twenty-three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Splunk presently has an average rating of “Hold” and an average target price of $135.31.

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.