Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 11.09MM shares of Splunk Inc (SPLK). This represents 6.8% of the company.
In their previous filing dated February 7, 2022 they reported 9.82MM shares and 6.20% of the company, an increase in shares of 12.87% and an increase in total ownership of 0.60% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 9.82% Upside
As of February 6, 2023, the average one-year price target for Splunk is $114.01. The forecasts range from a low of $86.86 to a high of $181.65. The average price target represents an increase of 9.82% from its latest reported closing price of $103.81.
The projected annual revenue for Splunk is $3,541MM, an increase of 7.18%. The projected annual EPS is $1.84.
Fund Sentiment
There are 1128 funds or institutions reporting positions in Splunk. This is an increase of 5 owner(s) or 0.45%.
Average portfolio weight of all funds dedicated to US:SPLK is 0.2695%, a decrease of 12.6776%. Total shares owned by institutions increased in the last three months by 0.83% to 157,691K shares.
What are large shareholders doing?
H&F Corporate Investors X holds 12,799,822 shares representing 7.82% ownership of the company. No change in the last quarter.
Primecap Management holds 8,913,780 shares representing 5.45% ownership of the company. In it's prior filing, the firm reported owning 8,365,550 shares, representing an increase of 6.15%. The firm decreased its portfolio allocation in SPLK by 1.94% over the last quarter.
Clearbridge Investments holds 5,147,851 shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 5,365,529 shares, representing a decrease of 4.23%. The firm decreased its portfolio allocation in SPLK by 11.76% over the last quarter.
Pictet Asset Management holds 4,933,263 shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 4,924,085 shares, representing an increase of 0.19%. The firm decreased its portfolio allocation in SPLK by 8.70% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,809,493 shares representing 2.94% ownership of the company. In it's prior filing, the firm reported owning 4,743,478 shares, representing an increase of 1.37%. The firm decreased its portfolio allocation in SPLK by 10.15% over the last quarter.
Splunk Background Information
(This description is provided by the company.)
Splunk Inc. turns data into doing with the Data-to-Everything Platform. Splunk technology is designed to investigate, monitor, and analyze and act on data at any scale.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
