(SPLK) Given New $83.00 Price Target at BMO Capital Markets

Marco Green
November 19, 2017

The new target price indicates a possible upside of 0.14% based on the company's previous stock price. The stock's average target of $24 is 51.04% above today's ($15.89) share price. The company was maintained on Friday, August 25 by Canaccord Genuity. Goldman Sachs initiated the shares of SPLK in report on Friday, December 11 with "Neutral" rating. Oppenheimer maintained the stock with "Buy" rating in Friday, May 26 report. The firm has "Buy" rating given on Wednesday, September 27 by Cowen & Co. Liberum Capital has "Buy" rating and GBX 100 target. The firm now has a buy rating on the software company's stock. Liberum Capital maintained Vertu Motors Plc (LON:VTU) on Wednesday, May 10 with "Buy" rating. Panmure Gordon has "Buy" rating and GBX 87 target. Jefferies Group LLC restated a "buy" rating and set a $81.00 price objective on shares of Splunk in a research note on Thursday, August 24th. The 1-year high was reported on Nov, 17 by Barchart.com. About 168,969 shares traded or 109.22% up from the average.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, November 16th. It has outperformed by 13.83% the S&P500.

It is down 0.00% since November 17, 2016 and is. It has underperformed by 1.99% the S&P500. It manages its business geographically in two divisions: North America, which includes the United States and Canada, and global, which includes the United Kingdom, Spain, Germany and France. The company has market cap of $297.67 million.

CoStar Group, Inc.is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France. It has a 32.67 P/E ratio. The Firm is engaged in the provision of management services to all subsidiary statutory entities. Prudential Financial Inc. increased its stake in shares of Splunk by 2.9% during the 2nd quarter. The company has market cap of $3.18 billion. The Business's offerings enable users to collect, index, search, explore, monitor and analyze data. It now has negative earnings. The Business's offerings address diverse data sets that are referred to as big data and are specifically used for machine data. ValuEngine lowered Splunk from a hold rating to a sell rating in a research note on Wednesday, October 11th. Therefore 72% are positive. Splunk Inc had 124 analyst reports since August 24, 2015 according to SRatingsIntel. On Tuesday, February 9 the stock rating was initiated by Mitsubishi UFJ with "Overweight". The stock of Splunk Inc (NASDAQ:SPLK) earned "Buy" rating by Piper Jaffray on Monday, September 25. The firm earned "Equalweight" rating on Friday, May 27 by Barclays Capital. (NASDAQ:SPLK) in a report published on Friday morning.

Since May 30, 2017, it had 0 insider purchases, and 6 sales for $8.63 million activity. 128,750 Splunk Inc (NASDAQ:SPLK) shares with value of $7.41M were sold by SULLIVAN GODFREY. Also, SVP Leonard R. Stein sold 4,851 shares of the stock in a transaction dated Tuesday, September 12th. Parametric Assocs Llc reported 0.01% of its portfolio in Splunk Inc (NASDAQ:SPLK). The stock was sold at an average price of $63.48, for a total value of $2,539,200.00.

Investors sentiment increased to 1.06 in Q2 2017. Its down 0.37, from 1.63 in 2017Q1. The value of the company's investment in Splunk Inc went from $142,000 to $16,162,000 a change of 11,281.7% quarter to quarter. 40 funds opened positions while 100 raised stakes. Walleye Trading Ltd Liability reported 1,100 shares.

Shares of Splunk (SPLK) traded up $12.40 during trading hours on Friday, reaching $81.70. Northpointe Ltd Liability Corp holds 163,670 shares or 0.36% of its portfolio. Dnb Asset Mngmt As holds 0% or 10,500 shares. Ny State Common Retirement Fund has invested 0.05% of its portfolio in Splunk Inc (NASDAQ:SPLK). IFP Advisors Inc lifted its stake in shares of Splunk by 6.2% in the 2nd quarter. Wells Fargo & Company MN now owns 4,822,697 shares of the software company's stock valued at $282,995,000 after buying an additional 371,290 shares during the period. Metropolitan Life Insurance Ny accumulated 0% or 9,854 shares. Janney Montgomery Scott Lc reported 5,825 shares. Nbw Capital Ltd Liability holds 0.86% or 54,475 shares in its portfolio. Kbc Grp Inc Nv reported 167,458 shares stake.

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