Redwood Tr (Put) (RWT) Holder Basso Capital Management LP Boosted Its Position; Odey Asset Management Group LTD Cut Its Splunk (SPLK) Holding by $546,840 as Market Value Rose

August 12, 2018 - By Mark Babin

Splunk Inc. (NASDAQ:SPLK) Logo

Odey Asset Management Group Ltd decreased its stake in Splunk Inc (SPLK) by 64.39% based on its latest 2018Q1 regulatory filing with the SEC. Odey Asset Management Group Ltd sold 5,580 shares as the company’s stock rose 16.44% while stock markets declined. The hedge fund held 3,086 shares of the prepackaged software company at the end of 2018Q1, valued at $304,000, down from 8,666 at the end of the previous reported quarter. Odey Asset Management Group Ltd who had been investing in Splunk Inc for a number of months, seems to be less bullish one the $15.34 billion market cap company. The stock increased 0.41% or $0.43 during the last trading session, reaching $105.79. About 677,654 shares traded. Splunk Inc. (NASDAQ:SPLK) has risen 64.35% since August 12, 2017 and is uptrending. It has outperformed by 51.78% the S&P500. Some Historical SPLK News: 17/04/2018 – Splunk Congratulates FCW Federal 100 Award Winner from U.S. Department of Health and Human Services; 24/04/2018 – Splunk Customers Accelerate Business Value Through Artificial Intelligence; 24/05/2018 – Splunk Raises 2019 View To Rev $1.645B; 05/03/2018 – Splunk Named in the Leaders Category of the IDC MarketScape Asia/Pacific Big Data and Analytics Platform 2017 Vendor Analysis Report; 24/05/2018 – SPLUNK INC – PROMOTED TIM TULLY TO SENIOR VICE PRESIDENT, CHIEF TECHNOLOGY OFFICER; 24/05/2018 – SPLUNK INC SPLK.O FY2019 REV VIEW $1.63 BLN — THOMSON REUTERS l/B/E/S; 25/05/2018 – SPLUNK INC SPLK.O : UBS RAISES TARGET PRICE TO $133 FROM $114; 10/04/2018 – Splunk Brings Industrial IoT Data to Life with Splunk Industrial Asset Intelligence; 05/03/2018 GuidePoint Security Recognized as Recipient of 2018 Splunk Partner+ Awards; 24/05/2018 – SPLUNK 1Q ADJ LOSS/SHR 7C, EST. LOSS/SHR 9C

Basso Capital Management Lp increased its stake in Redwood Tr Inc (Put) (RWT) by 200% based on its latest 2018Q1 regulatory filing with the SEC. Basso Capital Management Lp bought 100,000 shares as the company’s stock rose 6.74% while stock markets declined. The hedge fund held 150,000 shares of the consumer services company at the end of 2018Q1, valued at $2.32 million, up from 50,000 at the end of the previous reported quarter. Basso Capital Management Lp who had been investing in Redwood Tr Inc (Put) for a number of months, seems to be bullish on the $1.33 billion market cap company. The stock decreased 0.19% or $0.03 during the last trading session, reaching $16.04. About 825,335 shares traded. Redwood Trust, Inc. (NYSE:RWT) has declined 3.06% since August 12, 2017 and is downtrending. It has underperformed by 15.63% the S&P500. Some Historical RWT News: 15/05/2018 – Redwood Investments LLC Exits Cardiovascular Systems; 12/04/2018 – Redwood Scientific Technologies (RSCI), the global leader in oral thin film delivery for over the counter drugs, has started th; 30/04/2018 – Redwood Trust Announces Minority Investment in 5 Arches, LLC; Exclusive One-Yr Purchase Option for Remainder of Co; 15/05/2018 – Redwood Investments Buys New 1.1% Position in Diplomat Pharmacy; 22/05/2018 – Redwood Trust Raises Dividend to 30c Vs. 28c; 15/05/2018 – Redwood Investments Buys New 1% Position in Virtusa; 08/03/2018 – Redwood Pharma: Redwood Pharma acquires intellectual property rights; 22/05/2018 – REDWOOD TRUST INC RWT.N INCREASES QUARTERLY DIVIDEND BY 7 PCT TO $0.30/SHR; 16/04/2018 – Save the Redwoods League, National Park Service and California State Parks Unite to Bring Back Ancient Redwood Forest on the No; 02/04/2018 – Purpose Investments Inc. Announces the Amalgamation of Redwood Asset Management Inc. Into Purpose Investments Inc

Basso Capital Management Lp, which manages about $1.58B and $540.94 million US Long portfolio, decreased its stake in Capitol Invt Corp Iv by 352,359 shares to 2,000 shares, valued at $20,000 in 2018Q1, according to the filing. It also reduced its holding in Corenergy Infrastructure Tr (Prn) by 6.00 million shares in the quarter, leaving it with 2.29M shares, and cut its stake in Aerojet Rocketdyne Hldgs Inc (Prn).

Another recent and important Redwood Trust, Inc. (NYSE:RWT) news was published by Seekingalpha.com which published an article titled: “Redwood Trust’s (RWT) CEO Chris Abate on Q2 2018 Results – Earnings Call Transcript” on August 08, 2018.

Investors sentiment decreased to 0.65 in Q1 2018. Its down 0.37, from 1.02 in 2017Q4. It dropped, as 18 investors sold RWT shares while 47 reduced holdings. 9 funds opened positions while 33 raised stakes. 63.21 million shares or 0.88% more from 62.66 million shares in 2017Q4 were reported. Schwab Charles Invest Mngmt Inc reported 618,397 shares stake. Dreman Value Mngmt L L C holds 0.09% or 12,695 shares. Us Retail Bank De holds 0% or 62,551 shares in its portfolio. Pnc Fincl Grp Inc holds 0% in Redwood Trust, Inc. (NYSE:RWT) or 5,604 shares. Barclays Public Lc owns 0% invested in Redwood Trust, Inc. (NYSE:RWT) for 82,625 shares. Envestnet Asset Mgmt reported 27 shares. Great West Life Assurance Can holds 0% or 8,932 shares in its portfolio. Mcf Advsrs Ltd has 96 shares. Moreover, Northern Trust Corp has 0% invested in Redwood Trust, Inc. (NYSE:RWT) for 935,644 shares. Swiss National Bank reported 133,800 shares stake. Teacher Retirement Sys Of Texas reported 0% in Redwood Trust, Inc. (NYSE:RWT). Millennium Ltd Limited Liability Company accumulated 2.71M shares or 0.06% of the stock. Van Eck Corporation, New York-based fund reported 233,231 shares. Tradewinds Cap Management Ltd Com holds 0% or 345 shares in its portfolio. Aperio Grp Incorporated Limited Company has 17,266 shares.

Among 7 analysts covering Redwood Trust (NYSE:RWT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Redwood Trust had 14 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Wednesday, November 8 with “Buy”. The firm has “Buy” rating given on Monday, March 14 by Deutsche Bank. The stock of Redwood Trust, Inc. (NYSE:RWT) has “Outperform” rating given on Friday, December 8 by Wood. On Monday, November 16 the stock rating was maintained by Maxim Group with “Buy”. Wood downgraded Redwood Trust, Inc. (NYSE:RWT) on Tuesday, July 19 to “Market Perform” rating. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, June 28. The stock of Redwood Trust, Inc. (NYSE:RWT) has “Neutral” rating given on Tuesday, November 24 by Nomura. The firm has “Buy” rating given on Tuesday, May 8 by Deutsche Bank. On Wednesday, May 18 the stock rating was upgraded by Nomura to “Buy”.

Among 47 analysts covering Splunk Inc (NASDAQ:SPLK), 39 have Buy rating, 1 Sell and 7 Hold. Therefore 83% are positive. Splunk Inc had 200 analyst reports since August 24, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Friday, May 27. The stock of Splunk Inc. (NASDAQ:SPLK) has “Buy” rating given on Wednesday, March 28 by Canaccord Genuity. Mitsubishi UFJ initiated Splunk Inc. (NASDAQ:SPLK) on Tuesday, February 9 with “Overweight” rating. The firm has “Neutral” rating given on Wednesday, September 21 by Mizuho. The firm has “Hold” rating given on Thursday, June 15 by Wedbush. The stock of Splunk Inc. (NASDAQ:SPLK) earned “Neutral” rating by JP Morgan on Monday, March 5. SunTrust maintained it with “Neutral” rating and $49 target in Friday, May 27 report. Citigroup maintained Splunk Inc. (NASDAQ:SPLK) on Friday, August 25 with “Neutral” rating. KeyBanc Capital Markets maintained the shares of SPLK in report on Wednesday, September 20 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Friday, June 16.

Investors sentiment increased to 1.74 in Q1 2018. Its up 0.36, from 1.38 in 2017Q4. It is positive, as 20 investors sold SPLK shares while 110 reduced holdings. 98 funds opened positions while 128 raised stakes. 131.07 million shares or 5.60% less from 138.84 million shares in 2017Q4 were reported. Fjarde Ap accumulated 0.07% or 44,468 shares. Axel Cap Ltd owns 50,000 shares. Pnc Services Gp Inc accumulated 50,200 shares or 0% of the stock. Aviva Public Ltd Com holds 0.04% or 71,166 shares. Frontier Management Limited Liability Com holds 0.22% in Splunk Inc. (NASDAQ:SPLK) or 310,882 shares. Pier Limited Liability Corporation reported 3,677 shares. Baillie Gifford & holds 0.02% or 206,634 shares in its portfolio. Strs Ohio has 1,786 shares for 0% of their portfolio. Gofen And Glossberg Limited Co Il invested in 24,169 shares or 0.09% of the stock. Brown Brothers Harriman & accumulated 0% or 70 shares. Gulf Bancorporation (Uk) Ltd holds 0.05% or 42,454 shares. Alpha Windward Llc invested in 0.03% or 483 shares. Los Angeles Capital Mngmt Equity Research Incorporated holds 0.12% or 208,638 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 0.04% of its portfolio in Splunk Inc. (NASDAQ:SPLK) for 2,100 shares. Mitsubishi Ufj & Banking reported 290,592 shares.

Odey Asset Management Group Ltd, which manages about $932.46 million US Long portfolio, upped its stake in Sprint Corp (NYSE:S) by 1.54M shares to 13.70 million shares, valued at $66.83M in 2018Q1, according to the filing. It also increased its holding in Frontline Ltd by 140,249 shares in the quarter, for a total of 186,249 shares, and has risen its stake in Rowan Companies Plc (NYSE:RDC).

Analysts await Splunk Inc. (NASDAQ:SPLK) to report earnings on August, 23 after the close. They expect $-0.54 earnings per share, up 6.90% or $0.04 from last year’s $-0.58 per share. After $-0.77 actual earnings per share reported by Splunk Inc. for the previous quarter, Wall Street now forecasts -29.87% EPS growth.

Another recent and important Splunk Inc. (NASDAQ:SPLK) news was published by Fool.com which published an article titled: “Why Splunk Went on a Shopping Spree in the Last Year” on July 28, 2018.

Splunk Inc. (NASDAQ:SPLK) Institutional Positions Chart

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