Dynamic Technology Lab Private Ltd bought a new position in shares of Nimble Storage Inc. (NYSE:NMBL) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 45,567 shares of the company’s stock, valued at approximately $363,000. Dynamic Technology Lab Private Ltd owned 0.05% of Nimble Storage at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NMBL. Renaissance Technologies LLC raised its stake in shares of Nimble Storage by 111.8% in the first quarter. Renaissance Technologies LLC now owns 2,849,300 shares of the company’s stock worth $22,339,000 after buying an additional 1,504,300 shares in the last quarter. Disciplined Growth Investors Inc. MN bought a new stake in shares of Nimble Storage during the first quarter worth $5,895,000. Vanguard Group Inc. raised its stake in shares of Nimble Storage by 13.2% in the second quarter. Vanguard Group Inc. now owns 4,147,386 shares of the company’s stock worth $33,013,000 after buying an additional 482,263 shares in the last quarter. Quentec Asset Management LLC raised its stake in shares of Nimble Storage by 66.4% in the first quarter. Quentec Asset Management LLC now owns 1,048,122 shares of the company’s stock worth $8,217,000 after buying an additional 418,122 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Nimble Storage by 895.3% in the second quarter. California Public Employees Retirement System now owns 320,000 shares of the company’s stock worth $2,547,000 after buying an additional 287,850 shares in the last quarter. 61.23% of the stock is owned by hedge funds and other institutional investors.
Nimble Storage Inc. (NYSE:NMBL) traded up 2.19% during mid-day trading on Tuesday, hitting $7.92. 162,429 shares of the company traded hands. Nimble Storage Inc. has a one year low of $5.64 and a one year high of $24.21. The company’s 50-day moving average is $8.09 and its 200-day moving average is $7.79. The stock’s market capitalization is $673.98 million.
Nimble Storage (NYSE:NMBL) last issued its earnings results on Tuesday, August 23rd. The company reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. The firm earned $97.10 million during the quarter, compared to the consensus estimate of $94.71 million. Nimble Storage had a negative return on equity of 97.66% and a negative net margin of 40.53%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. Analysts predict that Nimble Storage Inc. will post ($0.72) EPS for the current year.
A number of analysts have recently weighed in on the stock. Summit Redstone reaffirmed a “buy” rating on shares of Nimble Storage in a research note on Sunday, June 26th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $9.00 target price on shares of Nimble Storage in a report on Thursday, August 25th. Pacific Crest reiterated a “hold” rating on shares of Nimble Storage in a report on Wednesday, August 24th. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 target price on shares of Nimble Storage in a report on Thursday, August 25th. Finally, BMO Capital Markets boosted their target price on shares of Nimble Storage from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, August 24th. One 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 company presently has a consensus rating of “Hold” and a consensus price target of $14.95.
In other news, CFO Anup V. Singh sold 16,479 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $7.72, for a total value of $127,217.88. Following the completion of the transaction, the chief financial officer now owns 286,131 shares of the company’s stock, valued at $2,208,931.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William John Schroeder acquired 5,000 shares of the stock in a transaction dated Wednesday, September 21st. The stock was purchased at an average cost of $7.30 per share, with a total value of $36,500.00. Following the purchase, the director now directly owns 46,870 shares of the company’s stock, valued at $342,151. The disclosure for this purchase can be found here. Company insiders own 20.90% of the company’s stock.
Nimble Storage Company 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.
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