Fintel reports that on June 30, 2023, Morgan Stanley reiterated coverage of Splunk (NASDAQ:SPLK) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 16.84% Upside
As of June 2, 2023, the average one-year price target for Splunk is 121.92. The forecasts range from a low of 86.86 to a high of $141.75. The average price target represents an increase of 16.84% from its latest reported closing price of 104.35.
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 1158 funds or institutions reporting positions in Splunk. This is an increase of 7 owner(s) or 0.61% in the last quarter. Average portfolio weight of all funds dedicated to SPLK is 0.30%, an increase of 6.86%. Total shares owned by institutions decreased in the last three months by 1.67% to 158,794K shares. 
The put/call ratio of SPLK is 0.40, 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 6,010K shares representing 3.63% ownership of the company. In it's prior filing, the firm reported owning 4,375K shares, representing an increase of 27.21%. The firm increased its portfolio allocation in SPLK by 32.35% 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.
Key filings for this company:
This story originally appeared on Fintel.
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