Swiss National Bank raised its stake in Nimble Storage Inc. (NYSE:NMBL) by 49.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,300 shares of the company’s stock after buying an additional 31,400 shares during the period. Swiss National Bank owned approximately 0.11% of Nimble Storage worth $751,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC World Markets Inc. boosted its stake in shares of Nimble Storage by 13.5% in the second quarter. CIBC World Markets Inc. now owns 17,250 shares of the company’s stock valued at $137,000 after buying an additional 2,050 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in shares of Nimble Storage during the second quarter valued at about $559,000. Boulegeris Investments Inc. boosted its stake in shares of Nimble Storage by 21.2% in the second quarter. Boulegeris Investments Inc. now owns 132,361 shares of the company’s stock valued at $1,054,000 after buying an additional 23,186 shares during the period. Quantum Capital Management purchased a new stake in shares of Nimble Storage during the first quarter valued at about $105,000. Finally, Quentec Asset Management LLC boosted 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 valued at $8,217,000 after buying an additional 418,122 shares during the period. Institutional investors and hedge funds own 61.23% of the company’s stock.
Nimble Storage Inc. (NYSE:NMBL) traded up 0.723% during midday trading on Monday, reaching $9.055. The company’s stock had a trading volume of 491,035 shares. The stock’s 50-day moving average price is $8.24 and its 200 day moving average price is $7.86. Nimble Storage Inc. has a 1-year low of $5.64 and a 1-year high of $24.14. The firm’s market capitalization is $770.57 million.
Nimble Storage (NYSE:NMBL) last posted its 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. Nimble Storage had a negative return on equity of 97.66% and a negative net margin of 40.53%. The company had revenue of $97.10 million for the quarter, compared to the consensus estimate of $94.71 million. During the same quarter in the previous year, the business earned ($0.10) earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities analysts anticipate that Nimble Storage Inc. will post ($0.72) EPS for the current fiscal year.
Several analysts have recently issued reports on the company. Jefferies Group upped their price objective on Nimble Storage from $13.50 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, August 24th. BMO Capital Markets increased their price target on Nimble Storage from $10.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, August 24th. Pacific Crest restated a “hold” rating on shares of Nimble Storage in a report on Wednesday, August 24th. Barclays PLC restated an “equal weight” rating and set a $10.00 price target (up previously from $9.00) on shares of Nimble Storage in a report on Wednesday, August 24th. Finally, BTIG Research restated a “neutral” rating on shares of Nimble Storage in a report on Wednesday, August 24th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Nimble Storage has a consensus rating of “Hold” and an average price target of $14.17.
In related news, CFO Anup V. Singh sold 16,479 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 286,131 shares in the company, valued at approximately $2,208,931.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ping Li sold 23,000 shares of the business’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $8.62, for a total value of $198,260.00. Following the transaction, the director now directly owns 35,676 shares of the company’s stock, valued at $307,527.12. The disclosure for this sale can be found here. 20.90% of the stock is owned by corporate insiders.
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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