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Rheos Capital Works Inc. recently purchased a new stake in Splunk Inc. during the 3rd quarter. The institutional investor acquired 31,000 shares of the software company’s stock, valued at approximately $4,534,000. MetLife Investment Management LLC, Raymond James Trust N.A., Prudential PLC, and National Pension Service have also recently acquired new stakes in Splunk in the range of $357,000 to $37,447,000. Loomis Sayles & Co. L P also acquired a new position valued at about $89,000. Wall Street analysts have forecasted growth for Splunk, though the company has a “Hold” rating among analysts. A senior vice president and another insider recently sold shares of Splunk stock. Splunk Inc. recently reported $0.77 EPS for the quarter, beating the consensus estimate of $0.30 by $0.47. The company’s 50-day moving average is $149.71 and its two-hundred day moving average is $127.37. Splunk Inc. currently has a market capitalization of $25.63 billion.

Splunk Inc., 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.



Read more: 31,000 Shares in Splunk Inc. (NASDAQ:SPLK) Purchased by Rheos Capital Works Inc.