SPLK has been the subject of several research analyst reports. Current price levels see the company 10.75% off the 20-day simple moving average. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Cantor Fitzgerald maintained the shares of SPLK in report on Friday, August 28 with "Buy" rating. Jefferies maintained the shares of V in report on Friday, June 23 with "Buy" rating. Recently, investment analysts covering the stock have updated the mean rating to 2. The company has an average rating of "Buy" and an average target price of $71.45. (NASDAQ:SPLK)'s stock is experiencing unusual volume during today's trading. Trading volume may be a very important factor for any investor. The stock's 50-day moving average price is $59.66 and its 200 day moving average price is $61.43. The company has market cap of $14.91 billion. (NASDAQ:SPLK)'s stock about 5.26% from the 50-day high and 21.06% away from the 50-day low.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 24th. The company's revenue was also good news for SPLK stock as it came in above analysts' estimate of $268.80 million for the quarter. The return on equity ratio or ROE stands at 35.4 percent while most common profitability ratio return on investment (ROI) was 20.6 percent. The 1 year EPS growth rate is 46.30%. Over the past month the firm's stock is -2.87%, -10.15% for the last quarter, -4.01% for the past six-months and -6.15% for the previous year. On average, equities research analysts anticipate that Splunk will post $0.52 earnings per share for the current year. Columbia Prtnrs L L C Inv Mgmt has invested 0.15% in Splunk Inc (NASDAQ:SPLK). If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of USA and global trademark and copyright legislation. The original version of this news story can be viewed at https://weekherald.com/2017/08/25/splunk-inc-splk-price-target-increased-to-77-00-by-analysts-at-morgan-stanley.html. The last stock close price is down 8.33% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. The shares were sold at an average price of $62.20, for a total transaction of $64,936.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. SULLIVAN GODFREY also sold $261,672 worth of Splunk Inc (NASDAQ:SPLK) on Wednesday, June 7. In a transaction dated Jun. 14, 2017, the shares were put up for sale at an average price of $57.58, raking in a sum of $7,413,425. Following the completion of the sale, the director now directly owns 818,456 shares in the company, valued at $50,556,027.12. To measure price-variation, we found SPLK's volatility during a week at 1.79% and during a month it has been found around 2.28%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. For the quarter, shares are performing at -10.15%. Harbour Capital Advisors LLC increased its stake in shares of Splunk by 6,237.5% in the second quarter. Patten Group Inc. now owns 2,154 shares of the software company's stock worth $131,000 after buying an additional 75 shares during the period. Pictet Asset Management Ltd. now owns 1,510,716 shares of the software company's stock valued at $94,103,000 after buying an additional 804,201 shares during the period. Bluemountain Management Ltd Company has invested 0.03% in Splunk Inc (NASDAQ:SPLK). Ameriprise Financial Inc. now owns 6,981,244 shares of the software company's stock worth $434,861,000 after buying an additional 47,585 shares during the period. Finally, Aperio Group LLC raised its position in Splunk by 1.3% in the second quarter. Bank of America Corp DE now owns 3,076,286 shares of the software company's stock worth $191,622,000 after buying an additional 16,089 shares during the period. The Company's offerings address diverse data sets that are referred to as big data and are specifically used for machine data.