Splunk Inc (SPLK) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in Splunk Inc (NASDAQ:SPLK) by 35.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,362 shares of the software company’s stock after acquiring an additional 1,919 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Splunk were worth $890,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPLK. Tower Research Capital LLC TRC bought a new position in Splunk in the 2nd quarter worth about $104,000. Point72 Hong Kong Ltd bought a new position in shares of Splunk during the 2nd quarter valued at about $110,000. Centaurus Financial Inc. bought a new position in shares of Splunk during the 2nd quarter valued at about $124,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Splunk by 152.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,651 shares of the software company’s stock valued at $164,000 after purchasing an additional 996 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Splunk during the 3rd quarter valued at about $169,000. Institutional investors and hedge funds own 87.82% of the company’s stock.

In other Splunk news, SVP Timothy Tully sold 19,100 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $125.46, for a total value of $2,396,286.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David F. Conte sold 15,519 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $125.29, for a total value of $1,944,375.51. The disclosure for this sale can be found here. Insiders have sold a total of 69,032 shares of company stock valued at $8,640,864 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Shares of SPLK stock opened at $111.73 on Monday. The stock has a market cap of $16.20 billion, a P/E ratio of -85.29 and a beta of 2.15. Splunk Inc has a 1-year low of $76.89 and a 1-year high of $130.00.

Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, November 29th. The software company reported $0.38 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.61. The company had revenue of $480.98 million during the quarter, compared to analysts’ expectations of $433.60 million. Splunk had a negative return on equity of 22.60% and a negative net margin of 18.92%. Splunk’s quarterly revenue was up 40.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. As a group, equities analysts predict that Splunk Inc will post -1.15 earnings per share for the current fiscal year.

Several brokerages have recently commented on SPLK. Cowen reiterated a “buy” rating and set a $133.00 price objective on shares of Splunk in a research report on Sunday. Zacks Investment Research lowered Splunk from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Piper Jaffray Companies reduced their price objective on Splunk to $120.00 and set an “overweight” rating on the stock in a research report on Monday, November 26th. BidaskClub upgraded Splunk from a “hold” rating to a “buy” rating in a research report on Tuesday, November 27th. Finally, BMO Capital Markets reduced their price objective on Splunk from $133.00 to $132.00 and set an “outperform” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $128.31.

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About Splunk

Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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