ARK Investment Management LLC Acquires 85,923 Shares of Splunk Inc (NASDAQ:SPLK)
Summary
ARK Investment Management LLC raised its holdings in Splunk Inc (NASDAQ:SPLK) by 20.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. Goldman Sachs Group boosted their price target on Splunk from $131.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Piper Jaffray Companies reiterated an “overweight” rating and issued a $160.00 price target on shares of Splunk in a report on Monday, June 24th. Finally, Maxim Group set a $148.00 price objective on Splunk and gave the stock a “buy” rating in a report on Thursday, August 22nd. On average, equities research analysts predict that Splunk Inc will post -0.87 earnings per share for the current fiscal year.