Glynn Capital Management Has Trimmed Position in Splunk (SPLK) by $8.17 Million; Tesla (TSLA) Stake Upped by Toronto Dominion Bank

April 20, 2018 - By Marie Mckinney

Splunk Inc. (NASDAQ:SPLK) Logo

Glynn Capital Management Llc decreased its stake in Splunk Inc. (SPLK) by 31.61% based on its latest 2017Q4 regulatory filing with the SEC. Glynn Capital Management Llc sold 99,640 shares as the company’s stock rose 20.59% while stock markets declined. The hedge fund held 215,537 shares of the prepackaged software company at the end of 2017Q4, valued at $17.86 million, down from 315,177 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Splunk Inc. for a number of months, seems to be less bullish one the $15.25 billion market cap company. The stock decreased 0.03% or $0.03 during the last trading session, reaching $105.88. About 234,739 shares traded. Splunk Inc. (NASDAQ:SPLK) has risen 63.75% since April 20, 2017 and is uptrending. It has outperformed by 52.20% the S&P500.

Toronto Dominion Bank increased its stake in Tesla Inc (TSLA) by 41.74% based on its latest 2017Q4 regulatory filing with the SEC. Toronto Dominion Bank bought 2,317 shares as the company’s stock declined 14.15% with the market. The institutional investor held 7,868 shares of the capital goods company at the end of 2017Q4, valued at $2.45M, up from 5,551 at the end of the previous reported quarter. Toronto Dominion Bank who had been investing in Tesla Inc for a number of months, seems to be bullish on the $50.47B market cap company. The stock decreased 0.43% or $1.2858 during the last trading session, reaching $298.7942. About 1.72M shares traded. Tesla, Inc. (NASDAQ:TSLA) has risen 3.32% since April 20, 2017 and is uptrending. It has underperformed by 8.23% the S&P500.

Among 46 analysts covering Splunk Inc (NASDAQ:SPLK), 38 have Buy rating, 0 Sell and 8 Hold. Therefore 83% are positive. Splunk Inc had 186 analyst reports since August 24, 2015 according to SRatingsIntel. Maxim Group maintained Splunk Inc. (NASDAQ:SPLK) on Friday, November 17 with “Buy” rating. The stock of Splunk Inc. (NASDAQ:SPLK) has “Buy” rating given on Tuesday, August 22 by Drexel Hamilton. The rating was maintained by Piper Jaffray with “Buy” on Sunday, August 13. Jefferies maintained Splunk Inc. (NASDAQ:SPLK) rating on Friday, March 2. Jefferies has “Buy” rating and $111.0 target. The stock has “Outperform” rating by Wedbush on Friday, August 19. Cantor Fitzgerald maintained the stock with “Buy” rating in Friday, August 28 report. Piper Jaffray maintained Splunk Inc. (NASDAQ:SPLK) on Monday, September 25 with “Buy” rating. The company was maintained on Friday, November 17 by Credit Suisse. The stock of Splunk Inc. (NASDAQ:SPLK) has “Buy” rating given on Friday, May 26 by Maxim Group. The company was initiated on Tuesday, April 26 by Macquarie Research.

Investors sentiment decreased to 1.38 in 2017 Q4. Its down 0.03, from 1.41 in 2017Q3. It worsened, as 31 investors sold SPLK shares while 97 reduced holdings. 76 funds opened positions while 100 raised stakes. 138.84 million shares or 2.97% less from 143.10 million shares in 2017Q3 were reported. Apg Asset Nv holds 36,200 shares. Great West Life Assurance Can has invested 0.01% in Splunk Inc. (NASDAQ:SPLK). Prudential Financial Inc has 0% invested in Splunk Inc. (NASDAQ:SPLK). Eagle Asset Mngmt owns 0.28% invested in Splunk Inc. (NASDAQ:SPLK) for 604,932 shares. Alpha Windward Ltd Liability Company reported 483 shares or 0.02% of all its holdings. Point72 Asia (Hong Kong) holds 589 shares or 0.04% of its portfolio. Ww Asset Management reported 6,339 shares. Blair William And Il owns 82,080 shares. Natl Bank Of Ny Mellon reported 4.10 million shares or 0.09% of all its holdings. Fjarde Ap reported 46,168 shares. Aviva Plc reported 0.04% of its portfolio in Splunk Inc. (NASDAQ:SPLK). Millennium Mngmt has 0.04% invested in Splunk Inc. (NASDAQ:SPLK). Price T Rowe Assocs Incorporated Md stated it has 12.92 million shares or 0.17% of all its holdings. Fil Limited stated it has 0.03% in Splunk Inc. (NASDAQ:SPLK). Parametric Portfolio Assoc Limited Company reported 94,139 shares.

Analysts await Splunk Inc. (NASDAQ:SPLK) to report earnings on May, 24. They expect $-0.59 earnings per share, up 15.71% or $0.11 from last year’s $-0.7 per share. After $-0.11 actual earnings per share reported by Splunk Inc. for the previous quarter, Wall Street now forecasts 436.36% negative EPS growth.

Since December 10, 2017, it had 0 insider buys, and 15 sales for $19.16 million activity. The insider SMITH GRAHAM sold $1.07 million. $564,563 worth of Splunk Inc. (NASDAQ:SPLK) was sold by CONTE DAVID F. Campione Richard sold 7,500 shares worth $598,350. Another trade for 4,750 shares valued at $380,665 was sold by St. Ledger Susan. On Tuesday, April 3 STEIN LEONARD R sold $833,101 worth of Splunk Inc. (NASDAQ:SPLK) or 8,434 shares. $941,503 worth of Splunk Inc. (NASDAQ:SPLK) shares were sold by SULLIVAN GODFREY.

Among 36 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 12 have Buy rating, 9 Sell and 15 Hold. Therefore 33% are positive. Tesla Motors Inc had 140 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Sell” rating by J.P. Morgan on Wednesday, April 4. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Buy” rating given on Thursday, August 3 by Guggenheim. The rating was maintained by Global Equities Research with “Overweight” on Tuesday, September 22. The stock has “Hold” rating by Goldman Sachs on Friday, August 7. The rating was maintained by Oppenheimer on Thursday, August 3 with “Hold”. RBC Capital Markets maintained the stock with “Hold” rating in Friday, October 6 report. RBC Capital Markets maintained Tesla, Inc. (NASDAQ:TSLA) on Tuesday, December 19 with “Hold” rating. The company was maintained on Monday, April 16 by RBC Capital Markets. The rating was maintained by Evercore with “Buy” on Wednesday, November 4. As per Friday, June 24, the company rating was upgraded by Standpoint Research.

Since October 24, 2017, it had 0 buys, and 10 selling transactions for $4.46 million activity. On Thursday, April 5 the insider Musk Kimbal sold $562,500. $334,874 worth of Tesla, Inc. (NASDAQ:TSLA) was sold by FIELD JOHN DOUGLAS on Tuesday, January 9.

Splunk Inc. (NASDAQ:SPLK) Institutional Positions Chart

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