Schwab Charles Investment Management Inc. grew its holdings in Splunk Inc (NASDAQ:SPLK) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 422,355 shares of the software company’s stock after buying an additional 22,286 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.31% of Splunk worth $28,058,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SPLK. Bank of New York Mellon Corp increased its position in shares of Splunk by 40.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,942,003 shares of the software company’s stock worth $224,259,000 after purchasing an additional 1,128,410 shares in the last quarter. ETF Managers Group LLC acquired a new stake in shares of Splunk during the 2nd quarter worth about $39,864,000. Vanguard Group Inc. increased its position in shares of Splunk by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 11,347,936 shares of the software company’s stock worth $645,584,000 after purchasing an additional 546,338 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Splunk by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,593,033 shares of the software company’s stock worth $308,053,000 after purchasing an additional 389,565 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Splunk by 83.3% during the 3rd quarter. Macquarie Group Ltd. now owns 540,833 shares of the software company’s stock worth $35,927,000 after purchasing an additional 245,826 shares in the last quarter.

In other news, Director Godfrey Sullivan sold 40,000 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $63.48, for a total value of $2,539,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David F. Conte sold 21,589 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $68.99, for a total transaction of $1,489,425.11. Following the completion of the transaction, the chief financial officer now directly owns 161,022 shares in the company, valued at approximately $11,108,907.78. The disclosure for this sale can be found here. Insiders sold a total of 369,797 shares of company stock worth $24,827,419 in the last ninety days. Insiders own 1.43% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Citigroup reiterated a “hold” rating and set a $73.00 target price on shares of Splunk in a research report on Monday, November 27th. Bank of America increased their target price on shares of Splunk from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Barclays increased their target price on shares of Splunk from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. Robert W. Baird reiterated an “average” rating and set a $85.00 target price (up previously from $75.00) on shares of Splunk in a research report on Monday, November 20th. Finally, Zacks Investment Research upgraded shares of Splunk from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $82.74.

Splunk Inc (NASDAQ SPLK) opened at $80.17 on Wednesday. Splunk Inc has a one year low of $50.64 and a one year high of $84.88.

Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.59. The company had revenue of $328.65 million for the quarter, compared to analyst estimates of $309.01 million. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. research analysts expect that Splunk Inc will post -1.3 earnings per share for the current fiscal year.

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Splunk Company Profile

Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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