Fintel reports that on August 16, 2023, Mizuho maintained coverage of Splunk (NASDAQ:SPLK) with a Neutral recommendation.
Analyst Price Forecast Suggests 24.62% Upside
As of August 2, 2023, the average one-year price target for Splunk is 122.17. The forecasts range from a low of 86.86 to a high of $141.75. The average price target represents an increase of 24.62% from its latest reported closing price of 98.04.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Splunk is 4,119MM, an increase of 12.73%. The projected annual non-GAAP EPS is 2.48.
What is the Fund Sentiment?
There are 1134 funds or institutions reporting positions in Splunk. This is a decrease of 32 owner(s) or 2.74% in the last quarter. Average portfolio weight of all funds dedicated to SPLK is 0.29%, a decrease of 8.42%. Total shares owned by institutions increased in the last three months by 1.35% to 161,385K shares. 
The put/call ratio of SPLK is 0.52, indicating a bullish outlook.
What are Other Shareholders Doing?
H&F Corporate Investors X holds 12,800K shares representing 7.73% ownership of the company. No change in the last quarter.
Primecap Management holds 11,131K shares representing 6.72% ownership of the company. In it's prior filing, the firm reported owning 10,946K shares, representing an increase of 1.66%. The firm increased its portfolio allocation in SPLK by 7.87% over the last quarter.
Pictet Asset Management holds 5,991K shares representing 3.62% ownership of the company. In it's prior filing, the firm reported owning 6,010K shares, representing a decrease of 0.33%. The firm decreased its portfolio allocation in SPLK by 1.70% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,064K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 4,943K shares, representing an increase of 2.39%. The firm increased its portfolio allocation in SPLK by 5.35% over the last quarter.
Starboard Value holds 4,583K shares representing 2.77% ownership of the company. In it's prior filing, the firm reported owning 1,867K shares, representing an increase of 59.27%. The firm increased its portfolio allocation in SPLK by 187.46% 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.
Additional reading:
- SPLUNK INC.
- Offer Letter between the Registrant and Tom Casey, dated as of September 13, 2022.
- Letter between the Registrant and Christian Smith, dated
- Splunk Announces Fiscal First Quarter 2024 Financial Results Increases Annual Recurring Revenue 16%, More Than Triples Operating and Free Cash Flow
- Splunk Appoints Yamini Rangan to Its Board of Directors
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.
