5 Best Robotics Stocks To Buy Now

In this article, we discuss 5 best robotics stocks to buy now. If you want to read our detailed discussion on the robotics industry, head over to 14 Best Robotics Stocks To Buy Right Now. 

5. Splunk Inc. (NASDAQ:SPLK)

Number of Hedge Fund Holders: 67

Splunk Inc. (NASDAQ:SPLK) develops and markets cloud services and licensed software solutions. Its unified security and observability platform includes Splunk Security for cyber risk mitigation and compliance, and Splunk Observability for visibility across infrastructure, applications, and customer experience. The Splunk App supports robotic process automation (RPA) deployment for companies like UiPath Inc. (NYSE:PATH). Splunk Inc. (NASDAQ:SPLK) is one of the best robotics stocks to buy. 

On November 28, Splunk Inc. (NASDAQ:SPLK) reported a Q3 GAAP EPS of $0.55 and a revenue of $1.07 billion, outperforming Wall Street estimates by $0.42 and $40 million, respectively. 

According to Insider Monkey’s third quarter database, 67 hedge funds were bullish on Splunk Inc. (NASDAQ:SPLK), compared to 50 funds in the prior quarter. Matthew Halbower’s Pentwater Capital Management is the largest stakeholder of the company, with 2.5 million shares worth $370.45 million. 

ClearBridge Mid Cap Growth Strategy made the following comment about Splunk Inc. (NASDAQ:SPLK) in its Q3 2023 investor letter:

“Stock selection in the IT sector was the main detractor during the quarter, as the prospect of a higher-for-longer rate environment weighed on longer-duration, higher growth stocks. Despite these challenges, there were also strong positive contributions from Splunk Inc. (NASDAQ:SPLK) and AppLovin. Splunk’s price rallied on the news of its acquisition by Cisco, and investors applauded AppLovin’s new, AI-enabled platform which is improving productivity in its mobile games ad network.”