Teza Capital Management LLC Purchases 569 Shares of Splunk Inc. (NASDAQ:SPLK)

Posted by Defense World Staff on Mar 14th, 2023

Teza Capital Management LLC boosted its stake in shares of Splunk Inc. (NASDAQ:SPLK – Get Rating) by 21.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,210 shares of the software company’s stock after acquiring an additional 569 shares during the quarter. Teza Capital Management LLC’s holdings in Splunk were worth $241,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Meiji Yasuda Life Insurance Co boosted its holdings in shares of Splunk by 3.6% in the first quarter. Meiji Yasuda Life Insurance Co now owns 3,062 shares of the software company’s stock valued at $455,000 after purchasing an additional 105 shares during the period. Nicollet Investment Management Inc. increased its position in shares of Splunk by 1.5% in the 2nd quarter. Nicollet Investment Management Inc. now owns 8,605 shares of the software company’s stock valued at $761,000 after acquiring an additional 125 shares during the period. Prelude Capital Management LLC increased its position in shares of Splunk by 2.7% in the 2nd quarter. Prelude Capital Management LLC now owns 4,845 shares of the software company’s stock valued at $429,000 after acquiring an additional 129 shares during the period. Captrust Financial Advisors increased its position in shares of Splunk by 2.7% in the 1st quarter. Captrust Financial Advisors now owns 5,711 shares of the software company’s stock valued at $849,000 after acquiring an additional 149 shares during the period. Finally, Toroso Investments LLC boosted its holdings in Splunk by 5.3% in the first quarter. Toroso Investments LLC now owns 3,094 shares of the software company’s stock valued at $460,000 after purchasing an additional 156 shares during the last quarter. 85.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Splunk

In other Splunk news, SVP Scott Morgan sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $101.04, for a total value of $202,080.00. Following the completion of the transaction, the senior vice president now owns 115,907 shares of the company’s stock, valued at approximately $11,711,243.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Elisa Steele sold 3,050 shares of Splunk stock in a transaction on Monday, March 6th. The shares were sold at an average price of $105.00, for a total transaction of $320,250.00. Following the sale, the director now directly owns 14,481 shares in the company, valued at approximately $1,520,505. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Scott Morgan sold 2,000 shares of Splunk stock in a transaction on Monday, March 6th. The stock was sold at an average price of $101.04, for a total transaction of $202,080.00. Following the sale, the senior vice president now owns 115,907 shares in the company, valued at $11,711,243.28. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Splunk Stock Down 1.3 %

Shares of SPLK stock opened at $89.42 on Tuesday. Splunk Inc. has a 52 week low of $65.00 and a 52 week high of $150.79. The stock has a market capitalization of $14.64 billion, a PE ratio of -45.62 and a beta of 1.29. The firm has a 50 day moving average of $97.29 and a two-hundred day moving average of $88.00.

Analyst Upgrades and Downgrades

SPLK has been the topic of several recent research reports. Wedbush assumed coverage on shares of Splunk in a report on Wednesday, December 14th. They issued a “neutral” rating and a $86.00 price target on the stock. Mizuho lowered their target price on shares of Splunk from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, March 2nd. Oppenheimer lowered their target price on shares of Splunk from $140.00 to $115.00 in a research note on Thursday, December 1st. JPMorgan Chase & Co. lowered their target price on shares of Splunk to $90.00 in a research note on Monday, November 28th. Finally, Stifel Nicolaus decreased their price target on shares of Splunk from $115.00 to $97.00 in a research note on Thursday, December 1st. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Splunk currently has a consensus rating of “Moderate Buy” and an average price target of $115.23.

Splunk Profile

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Splunk, Inc engages in the development and marketing of cloud software solutions. Its products include Splunk cloud, Splunk light and Splunk enterprise. It also offers solutions for Information Technology operations, security, internet-of-things, application analytics, business analytics, and industries.