Splunk Inc (SPLK) Stake Raised by Comerica Bank

Comerica Bank grew its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 22.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,343 shares of the software company’s stock after buying an additional 1,910 shares during the period. Comerica Bank’s holdings in Splunk were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its holdings in shares of Splunk by 99.8% during the second quarter. BNP Paribas Arbitrage SA now owns 27,726 shares of the software company’s stock valued at $1,577,000 after buying an additional 13,849 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Splunk by 7.3% during the second quarter. Advisors Asset Management Inc. now owns 15,167 shares of the software company’s stock valued at $863,000 after acquiring an additional 1,032 shares during the period. Swiss National Bank increased its stake in shares of Splunk by 3.8% during the second quarter. Swiss National Bank now owns 494,700 shares of the software company’s stock valued at $28,143,000 after acquiring an additional 17,900 shares during the period. Royal Bank of Canada increased its stake in shares of Splunk by 13.5% during the second quarter. Royal Bank of Canada now owns 52,243 shares of the software company’s stock valued at $2,972,000 after acquiring an additional 6,212 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Splunk by 1.2% during the second quarter. Legal & General Group Plc now owns 547,738 shares of the software company’s stock valued at $31,160,000 after acquiring an additional 6,713 shares during the period.

In other Splunk news, CFO David F. Conte sold 21,589 shares of Splunk stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 161,022 shares in the company, valued at approximately $11,108,907.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Leonard R. Stein sold 4,851 shares of Splunk stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $67.79, for a total transaction of $328,849.29. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 588,672 shares of company stock worth $39,505,760. Corporate insiders own 1.43% of the company’s stock.

Splunk Inc (NASDAQ SPLK) opened at $78.01 on Wednesday. Splunk Inc has a 52-week low of $50.64 and a 52-week high of $84.88.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.59. Splunk had a negative net margin of 32.72% and a negative return on equity of 71.89%. The firm had revenue of $328.65 million for the quarter, compared to analysts’ expectations of $309.01 million. analysts anticipate that Splunk Inc will post -1.3 earnings per share for the current year.

A number of research firms recently commented on SPLK. Zacks Investment Research upgraded shares of Splunk from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Cowen reiterated a “buy” rating on shares of Splunk in a research note on Friday, August 18th. Wells Fargo & Company reiterated a “buy” rating and set a $95.00 price objective on shares of Splunk in a research note on Friday, November 17th. KeyCorp reiterated a “buy” rating and set a $70.00 price objective on shares of Splunk in a research note on Friday, August 25th. Finally, Credit Suisse Group began coverage on shares of Splunk in a research note on Tuesday, September 5th. They set an “outperform” rating and a $80.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-eight have assigned a buy rating to the company. Splunk presently has an average rating of “Buy” and a consensus target price of $82.74.

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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.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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