Nimble Storage (NYSE:NMBL) Rating Improved
Nimble Storage (NYSE:NMBL)’s rating was upgraded by research analysts at Wells Fargo from a Market Perform rating to a Outperform rating in analysts report published on 12 October.
In spite of this stock rating upgrade NYSE:NMBL is right now trading 0.00% lower at $8.64 as of 03:52 New York time. Nimble Storage shares have declined -11.66% in the past 200 days, while the S&P 500 has risen 3.67% during the same time.
Out of 19 brokers covering Nimble Storage, 0 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $20 and the lowest is $6.5 according to Thomson/First Call. The 12-month mean target is $11.39, which means upside potential of 31.83% over the current price.
NYSE:NMBL Price Chart & Trend
The stock price of Nimble Storage has declined 11.66% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Nimble Storage is up 18.52% and up 28.76%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Institutional Ownership
Sc Xii Management Llc had the largest stake with ownership of 11.61M shares as of q2 2015 for 84.81% of the fund’s portfolio. Sc Us (Ttgp) Ltd. is another notably bullish institutional investor who is having 1.33M shares of Nimble Storage or 17.57% of their fund’s portfolio. Also, Glynn Capital Management Llc have 6.83% of their fund’s portfolio invested in the company for 764,375 shares. The New York-based fund Tremblant Capital Group disclosed it had bought so far a stake worth about 2.6% of the institutional investor’s stock portfolio in Nimble Storage. The New York-based fund Quentec Asset Management Llc is also positive about the stock, possessing 1.66M shares or 1.96% of their fund’s portfolio.Over the last six months, Nimble Storage NYSE:NMBL has seen 0 insider buys, and 4 insider sales. The net result was for 4 transactions, worth $255,369.
Nimble Storage (NYSE:NMBL) Profile
Nimble Storage, Inc. (Nimble Storage) engineers and delivers its customers with flash storage platform. The Company’s Predictive Flash platform consists of a Unified Flash Fabric that provides a single consolidation architecture with common data services across a portfolio of All Flash and Adaptive Flash arrays, and InfoSight predictive analytics with integrated support and service offerings. It enables information technology (IT) organizations to manage performance, capacity and cost for the applications running across the data center with InfoSight cloud-based management software.
Nimble Storage (NYSE:NMBL) closed at $8.64 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 1.22M shares. Nimble Storage has a 52 week low of $5.64 and a 52 week high of $24.14. The company has a market cap of $708.21M and a P/E ratio of 0.
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