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Stock Market & Financial Investment News

News Breaks
July 1, 2014
10:50 EDTSPLK, SPLK, INFA, INFA, FLTX, FLTX, PTC, PTCSplunk and Informatica favorite IoT plays at CLSA
CLSA expects market interest around Internet of Things, or IoT, plays to build and notes various sources forecast spending will be in the $300B-$500B range by 2020. The firm said IoT will enable cities, homes and cars to become platforms at the center of innovation and for both established firms and startups to have opportunities at every level of technology. The analyst's top picks in software are Splunk (SPLK) and Informatica (INFA) and also sees opportunities for fleet management apps firm Fleetmatics (FLTX) and Design software firm PTC (PTC).
News For SPLK;INFA;FLTX;PTC;SPLK;INFA;FLTX;PTC From The Last 14 Days
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August 21, 2014
06:23 EDTSPLKSplunk price target lowered to $55 from $65 at Deutsche Bank
Deutsche Bank lowered its price target for Splunk (SPLK) shares to $55 from $65 ahead of the company's Q2 results on August 28 and says it prefers Tableau (DATA) on a relative basis. Deutsche, however, keeps a Buy rating on Splunk, noting that its recent user checks didn't pick up anything incrementally negative. The firm believes the Street is cautious on the stock into the results.
August 15, 2014
08:54 EDTPTCPTC Inc. enters into accelerated share repurchase agreement for $125M
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