Rating Coverage: Nimble Storage (NYSE:NMBL) Stock Rating Reconfirmed at BMO Capital; The $12.00 Target Indicates 52.28% Potential

November 23, 2016 - By Peter Erickson

Rating Coverage: Nimble Storage (NYSE:NMBL) Stock Rating Reconfirmed at BMO Capital; The $12.00 Target Indicates 52.28% Potential

Nimble Storage (NYSE:NMBL) Rating

Investment analysts at BMO Capital have $12.00 target on Nimble Storage (NYSE:NMBL). BMO Capital’s target indicates a potential upside of 52.28% from the company’s last stock price. The rating was disclosed to clients in analysts note on 23 November.

Nimble Storage Inc (NYSE:NMBL) Ratings Coverage

Out of 27 analysts covering Nimble Storage (NYSE:NMBL), 11 rate it a “Buy”, 0 “Sell”, while 16 “Hold”. This means 41% are positive. $45 is the highest target while $6 is the lowest. The $20.89 average target is 165.10% above today’s ($7.88) stock price. Nimble Storage has been the topic of 54 analyst reports since July 28, 2015 according to StockzIntelligence Inc. UBS downgraded the shares of NMBL in a report on Friday, November 20 to “Neutral” rating. The company was downgraded on Friday, November 20 by Barclays Capital. Oppenheimer downgraded Nimble Storage Inc (NYSE:NMBL) on Friday, November 20 to “Perform” rating. On Monday, November 16 the stock rating was maintained by Monness Crespi & Hardt with “Buy”. The firm earned “Overweight” rating on Wednesday, August 24 by Morgan Stanley. The rating was downgraded by William Blair to “Market Perform” on Friday, November 20. The rating was maintained by Needham with “Buy” on Friday, November 20. Monness Crespi downgraded the shares of NMBL in a report on Friday, November 20 to “Neutral” rating. The firm earned “Overweight” rating on Friday, December 4 by JP Morgan. Susquehanna initiated Nimble Storage Inc (NYSE:NMBL) on Tuesday, September 8 with “Positive” rating.

About 3.99M shares traded hands or 366.12% up from the average. Nimble Storage Inc (NYSE:NMBL) has risen 16.67% since April 21, 2016 and is uptrending. It has outperformed by 11.34% the S&P500.

Insitutional Activity: The institutional sentiment increased to 2.1 in 2016 Q2. Its up 0.52, from 1.58 in 2016Q1. The ratio improved, as 11 funds sold all Nimble Storage Inc shares owned while 32 reduced positions. 20 funds bought stakes while 48 increased positions. They now own 51.68 million shares or 2.37% less from 52.94 million shares in 2016Q1.

Quantum Mngmt has invested 0.02% of its portfolio in Nimble Storage Inc (NYSE:NMBL). Millennium Mgmt Lc has 0.01% invested in the company for 700,046 shares. Sei Co reported 48 shares or 0% of all its holdings. Oppenheimer And last reported 0.01% of its portfolio in the stock. Mufg Americas Corporation holds 600 shares or 0% of its portfolio. Royal Fincl Bank Of Canada holds 0% or 6,354 shares in its portfolio. State Street holds 946,606 shares or 0% of its portfolio. Essex Invest Mngmt Co Ltd Company reported 11,205 shares or 0.01% of all its holdings. Bogle Invest Limited Partnership De accumulated 0.05% or 99,081 shares. Stevens Capital L P last reported 14,682 shares in the company. Blackrock Advsr Limited Company has invested 0% of its portfolio in Nimble Storage Inc (NYSE:NMBL). Bessemer Group Incorporated last reported 0% of its portfolio in the stock. Nationwide Fund last reported 40,812 shares in the company. Metropolitan Life Ins Com last reported 0% of its portfolio in the stock. Blackrock Institutional Co Na holds 0% of its portfolio in Nimble Storage Inc (NYSE:NMBL) for 1.43 million shares.

Insider Transactions: Since May 27, 2016, the stock had 1 insider buy, and 12 insider sales for $983,621 net activity. Shares for $283,626 were sold by Li Ping on Monday, October 3. SCHROEDER WILLIAM JOHN bought $55,025 worth of Nimble Storage Inc (NYSE:NMBL) on Monday, September 19. Shares for $176,657 were sold by Vasudevan Suresh. On Monday, June 13 the insider Murphy Denis sold $148,946. 5,000 Nimble Storage Inc (NYSE:NMBL) shares with value of $45,749 were sold by Kennelly Jerry M. $15,496 worth of Nimble Storage Inc (NYSE:NMBL) was sold by SINGH ANUP V. MEHTA VARUN had sold 1,647 shares worth $13,774.

Nimble Storage, Inc. engineers and delivers its clients with flash storage platform. The company has a market cap of $681.22 million. 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 currently has negative earnings. It enables information technology (IT) organizations to manage performance, capacity and cost for the applications running across the data center with InfoSight cloud management software.

According to Zacks Investment Research, “Nimble Storage, Inc. offers flash-optimized hybrid storage platform. The company’s software and storage systems handle various mainstream applications which include virtual desktops, databases, email, collaboration and analytics. It serves industries comprising cloud-based service providers, education, financial services, healthcare, manufacturing, state and local government and technology. Nimble Storage, Inc. is based in San Jose, California.”

NMBL Company Profile

Nimble Storage, Inc. (Nimble Storage), incorporated on November 8, 2007, engineers and delivers its clients 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 management software. The Predictive Flash platform includes over six components, such as AF-Series All Flash arrays, CS-Series Adaptive Flash arrays, Unified Flash Fabric, InfoSight, SmartStack and Timeless Storage.

More news for Nimble Storage Inc (NYSE:NMBL) were recently published by: Fool.com, which released: “Why Nimble Storage Inc. Stock Plunged Today” on November 23, 2016. Fool.com‘s article titled: “Why Nimble Storage, Inc. Stock Skyrocketed Today” and published on May 25, 2016 is yet another important article.

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