Splunk Inc. (SPLK) Reaches $105.17 After 9.00% Up Move; Synnex (SNX) Shorts Raised By 5.93%

April 12, 2018 - By Winifred Garcia

SYNNEX Corporation (NYSE:SNX) Logo

Synnex Corporation (NYSE:SNX) had an increase of 5.93% in short interest. SNX’s SI was 728,600 shares in April as released by FINRA. Its up 5.93% from 687,800 shares previously. With 326,100 avg volume, 2 days are for Synnex Corporation (NYSE:SNX)’s short sellers to cover SNX’s short positions. The SI to Synnex Corporation’s float is 2.43%. The stock increased 1.24% or $1.27 during the last trading session, reaching $104.08. About 109,946 shares traded. SYNNEX Corporation (NYSE:SNX) has declined 2.88% since April 12, 2017 and is downtrending. It has underperformed by 14.43% the S&P500.

The stock of Splunk Inc. (NASDAQ:SPLK) is a huge mover today! The stock increased 2.98% or $3.04 during the last trading session, reaching $105.17. About 1.05 million shares traded. Splunk Inc. (NASDAQ:SPLK) has risen 63.75% since April 12, 2017 and is uptrending. It has outperformed by 52.20% the S&P500.The move comes after 5 months positive chart setup for the $15.15 billion company. It was reported on Apr, 12 by Barchart.com. We have $114.64 PT which if reached, will make NASDAQ:SPLK worth $1.36B more.

Since December 12, 2017, it had 0 insider buys, and 19 insider sales for $211.49 million activity. $58.77 million worth of stock was sold by SILVER STAR DEVELOPMENTS LTD on Wednesday, January 17. $206,865 worth of SYNNEX Corporation (NYSE:SNX) was sold by Zulberti Andrea M. The insider POLK DENNIS sold $200,186. $49,025 worth of SYNNEX Corporation (NYSE:SNX) was sold by MIAU MATTHEW. MURAI KEVIN M also sold $265,489 worth of SYNNEX Corporation (NYSE:SNX) shares. On Thursday, March 1 LEUNG SIMON sold $122,993 worth of SYNNEX Corporation (NYSE:SNX) or 1,000 shares. Witt Marshall had sold 300 shares worth $36,600.

SYNNEX Corporation provides business process services to resellers, system integrators, retailers, and original equipment manufacturers in North and South America, the Asia-Pacific, Europe, and internationally. The company has market cap of $4.13 billion. It operates in two divisions, Technology Solutions and Concentrix. It has a 13.87 P/E ratio. The Technology Solutions segment distributes peripherals; information technology systems, including data center server and storage solutions; system components; software; networking/communications/security equipment; consumer electronics; and complementary products.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.08, from 1.08 in 2017Q3. It dropped, as 24 investors sold SYNNEX Corporation shares while 81 reduced holdings. 34 funds opened positions while 71 raised stakes. 28.39 million shares or 0.02% more from 28.38 million shares in 2017Q3 were reported. Asset Mngmt invested in 1,983 shares. Liberty Mutual Asset Mngmt Inc invested in 0.03% or 7,401 shares. 3,926 are owned by Profund Advisors Limited Liability. Fuller & Thaler Asset Mgmt Incorporated accumulated 32,700 shares. Virginia Retirement Sys Et Al has invested 0.11% of its portfolio in SYNNEX Corporation (NYSE:SNX). California Public Employees Retirement invested in 60,074 shares. Atlantic Tru Group Llc stated it has 0% of its portfolio in SYNNEX Corporation (NYSE:SNX). Opus Group Inc Llc invested 0.06% of its portfolio in SYNNEX Corporation (NYSE:SNX). 30,071 were reported by Guggenheim Ltd Liability Corp. 4,840 are owned by Raymond James Financial Ser. Td Asset owns 5,900 shares. Fincl Architects reported 360 shares. Zebra Mgmt Limited Com accumulated 5,914 shares or 0.27% of the stock. Piedmont Investment Advsrs Ltd Liability has 0.03% invested in SYNNEX Corporation (NYSE:SNX) for 11,563 shares. Prudential Public reported 0.05% in SYNNEX Corporation (NYSE:SNX).

Among 11 analysts covering SYNNEX (NYSE:SNX), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. SYNNEX had 34 analyst reports since August 20, 2015 according to SRatingsIntel. Cross Research downgraded the stock to “Hold” rating in Thursday, March 24 report. On Monday, April 2 the stock rating was maintained by SunTrust with “Buy”. The stock of SYNNEX Corporation (NYSE:SNX) earned “Market Perform” rating by Raymond James on Wednesday, June 8. The firm earned “Hold” rating on Wednesday, January 10 by Citigroup. The rating was upgraded by Raymond James on Friday, May 19 to “Strong Buy”. Needham reinitiated the stock with “Hold” rating in Tuesday, September 29 report. Stifel Nicolaus upgraded the stock to “Buy” rating in Wednesday, April 12 report. The rating was upgraded by Zacks to “Hold” on Thursday, August 27. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, April 2. The rating was maintained by Citigroup with “Buy” on Tuesday, March 29.

Analysts await Splunk Inc. (NASDAQ:SPLK) to report earnings on May, 24. They expect $-0.60 EPS, up 14.29% or $0.10 from last year’s $-0.7 per share. After $-0.11 actual EPS reported by Splunk Inc. for the previous quarter, Wall Street now forecasts 445.45% negative EPS growth.

Since October 12, 2017, it had 0 insider purchases, and 15 selling transactions for $19.16 million activity. The insider SULLIVAN GODFREY sold 8,750 shares worth $941,503. 10,126 Splunk Inc. (NASDAQ:SPLK) shares with value of $810,586 were sold by Merritt Douglas. $1.07M worth of stock was sold by SMITH GRAHAM on Thursday, March 15. CONTE DAVID F sold 20,199 shares worth $1.98M. 21,084 shares were sold by St. Ledger Susan, worth $2.05 million on Tuesday, April 3. 4,851 shares valued at $390,684 were sold by STEIN LEONARD R on Sunday, December 10. 7,500 shares valued at $598,350 were sold by Campione Richard on Wednesday, December 13.

Among 45 analysts covering Splunk Inc (NASDAQ:SPLK), 37 have Buy rating, 0 Sell and 8 Hold. Therefore 82% are positive. Splunk Inc has $123.0 highest and $44 lowest target. $95.88’s average target is -8.83% below currents $105.17 stock price. Splunk Inc had 184 analyst reports since August 24, 2015 according to SRatingsIntel. As per Friday, November 17, the company rating was maintained by Maxim Group. The stock of Splunk Inc. (NASDAQ:SPLK) has “Outperform” rating given on Friday, August 19 by Wedbush. On Tuesday, February 28 the stock rating was maintained by Robert W. Baird with “Outperform”. The firm earned “Buy” rating on Friday, November 17 by Jefferies. On Tuesday, July 11 the stock rating was maintained by BMO Capital Markets with “Buy”. Credit Suisse maintained it with “Outperform” rating and $85 target in Monday, August 31 report. The firm has “Outperform” rating given on Friday, March 2 by Credit Suisse. M Partners initiated Splunk Inc. (NASDAQ:SPLK) on Friday, May 6 with “Neutral” rating. The rating was maintained by Maxim Group with “Buy” on Wednesday, July 5. Citigroup maintained it with “Neutral” rating and $73 target in Monday, November 20 report.

SYNNEX Corporation (NYSE:SNX) Institutional Positions Chart

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