Splunk Inc. (SPLK) Stake Held by Glynn Capital Management LLC
Glynn Capital Management LLC maintained its position in shares of Splunk Inc. (NASDAQ:SPLK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 280,094 shares of the software company’s stock at the end of the second quarter. Splunk makes up 4.9% of Glynn Capital Management LLC’s holdings, making the stock its 8th largest position. Glynn Capital Management LLC owned approximately 0.21% of Splunk worth $15,175,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC increased its position in shares of Splunk by 5.5% in the second quarter. LS Investment Advisors LLC now owns 2,367 shares of the software company’s stock worth $128,000 after buying an additional 123 shares in the last quarter. Bayesian Capital Management LP bought a new position in Splunk during the first quarter valued at about $284,000. Benjamin F. Edwards & Company Inc. bought a new position in Splunk during the second quarter valued at about $303,000. Capital One National Association increased its position in Splunk by 34.8% in the second quarter. Capital One National Association now owns 6,958 shares of the software company’s stock valued at $377,000 after buying an additional 1,797 shares during the period. Finally, BlueMountain Capital Management LLC increased its position in Splunk by 273.1% in the first quarter. BlueMountain Capital Management LLC now owns 8,351 shares of the software company’s stock valued at $409,000 after buying an additional 6,113 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.
Shares of Splunk Inc. (NASDAQ:SPLK) traded up 0.32% during trading on Monday, reaching $56.89. The company had a trading volume of 1,603,931 shares. The firm’s market capitalization is $7.65 billion. Splunk Inc. has a 52 week low of $29.85 and a 52 week high of $66.90. The firm has a 50-day moving average of $59.11 and a 200 day moving average of $56.57.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, August 25th. The software company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Splunk had a negative return on equity of 38.45% and a negative net margin of 42.84%. The business had revenue of $212.80 million for the quarter, compared to the consensus estimate of $200.52 million. During the same period in the prior year, the business earned $0.03 earnings per share. The business’s revenue was up 43.5% on a year-over-year basis. On average, equities research analysts forecast that Splunk Inc. will post $0.29 earnings per share for the current year.
Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of Splunk in a report on Friday. Vetr upgraded shares of Splunk from a “buy” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a report on Wednesday, October 12th. Citigroup Inc. cut their price objective on shares of Splunk from $65.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday, October 12th. Guggenheim downgraded shares of Splunk from a “buy” rating to a “neutral” rating in a report on Tuesday, October 4th. Finally, BMO Capital Markets restated an “outperform” rating and set a $66.00 price objective on shares of Splunk in a report on Friday, September 30th. Eleven analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $67.55.
In other news, SVP Leonard R. Stein sold 1,075 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $60.00, for a total value of $64,500.00. Following the sale, the senior vice president now directly owns 115,262 shares in the company, valued at $6,915,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David F. Conte sold 10,575 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $63.87, for a total value of $675,425.25. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.
Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.
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