California State Teachers Retirement System raised its position in Nimble Storage Inc. (NYSE:NMBL) by 23.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,025 shares of the company’s stock after buying an additional 24,679 shares during the period. California State Teachers Retirement System owned about 0.16% of Nimble Storage worth $1,051,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Quantum Capital Management purchased a new stake in shares of Nimble Storage during the first quarter valued at approximately $105,000. BlackRock Group LTD increased its stake in shares of Nimble Storage by 53.7% in the first quarter. BlackRock Group LTD now owns 13,811 shares of the company’s stock valued at $109,000 after buying an additional 4,828 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Nimble Storage during the first quarter valued at approximately $119,000. UBS Asset Management Americas Inc. increased its stake in shares of Nimble Storage by 11.0% in the first quarter. UBS Asset Management Americas Inc. now owns 25,300 shares of the company’s stock valued at $198,000 after buying an additional 2,500 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Nimble Storage during the second quarter valued at approximately $218,000. 61.88% of the stock is owned by institutional investors and hedge funds.
Nimble Storage Inc. (NYSE:NMBL) traded down 0.13% during trading on Monday, reaching $7.75. 601,588 shares of the company were exchanged. The stock’s market capitalization is $659.52 million. The firm’s 50 day moving average price is $8.09 and its 200-day moving average price is $7.78. Nimble Storage Inc. has a one year low of $5.64 and a one year high of $24.21.
Nimble Storage (NYSE:NMBL) last announced its quarterly earnings results on Tuesday, August 23rd. The company reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.01. The business earned $97.10 million during the quarter, compared to analyst estimates of $94.71 million. Nimble Storage had a negative net margin of 40.53% and a negative return on equity of 97.66%. Nimble Storage’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.10) EPS. On average, equities research analysts predict that Nimble Storage Inc. will post ($0.72) earnings per share for the current year.
Several equities research analysts have commented on NMBL shares. Summit Redstone reaffirmed a “buy” rating on shares of Nimble Storage in a research note on Sunday, June 26th. BMO Capital Markets raised shares of Nimble Storage from a “market perform” rating to an “outperform” rating and upped their target price for the company from $9.00 to $10.00 in a research note on Wednesday, August 3rd. BTIG Research reaffirmed a “neutral” rating on shares of Nimble Storage in a research note on Wednesday, August 24th. Morgan Stanley upped their target price on shares of Nimble Storage from $6.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, August 24th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $10.00 target price (up previously from $9.00) on shares of Nimble Storage in a research note on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.95.
In other Nimble Storage news, CFO Anup V. Singh sold 16,479 shares of Nimble Storage stock in a transaction on Monday, September 12th. The shares were sold at an average price of $7.72, for a total transaction of $127,217.88. Following the transaction, the chief financial officer now directly owns 286,131 shares of the company’s stock, valued at approximately $2,208,931.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jerry M. Kennelly sold 5,000 shares of Nimble Storage stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $8.17, for a total transaction of $40,850.00. Following the transaction, the director now directly owns 38,456 shares in the company, valued at $314,185.52. The disclosure for this sale can be found here. Company insiders own 20.90% of the company’s stock.
About Nimble Storage
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.
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