Schwab Charles Investment Management Inc. Raises Stake in Splunk Inc (SPLK)

Schwab Charles Investment Management Inc. lifted its position in shares of Splunk Inc (NASDAQ:SPLK) by 5.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 446,420 shares of the software company’s stock after purchasing an additional 24,065 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Splunk were worth $36,982,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Creative Planning purchased a new stake in shares of Splunk during the 4th quarter worth about $210,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Splunk during the 3rd quarter worth about $201,000. FDx Advisors Inc. purchased a new stake in shares of Splunk during the 3rd quarter worth about $210,000. Commonwealth Equity Services Inc purchased a new stake in shares of Splunk during the 3rd quarter worth about $210,000. Finally, Atria Investments LLC purchased a new position in Splunk in the 4th quarter worth approximately $270,000.

Shares of Splunk Inc (SPLK) opened at $86.83 on Friday. The stock has a market capitalization of $12,280.00, a P/E ratio of -38.94 and a beta of 2.04. Splunk Inc has a 52-week low of $54.17 and a 52-week high of $93.68.

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

A number of research firms have weighed in on SPLK. Robert W. Baird upped their price target on Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. Barclays upgraded Splunk from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $80.00 to $105.00 in a report on Monday, January 8th. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 price target (up previously from $76.00) on shares of Splunk in a report on Friday, November 17th. Needham & Company LLC began coverage on Splunk in a report on Monday, October 23rd. They issued a “buy” rating and a $95.00 price target for the company. Finally, Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.29.

In related news, CFO David F. Conte sold 6,993 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $80.73, for a total transaction of $564,544.89. Following the sale, the chief financial officer now directly owns 110,364 shares of the company’s stock, valued at approximately $8,909,685.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Leonard R. Stein sold 4,851 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $80.54, for a total value of $390,699.54. Following the sale, the senior vice president now directly owns 89,157 shares in the company, valued at $7,180,704.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 190,720 shares of company stock worth $13,408,318. Corporate insiders own 1.43% of the company’s stock.

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Splunk 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.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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