Quantitative Systematic Strategies LLC decreased its stake in Nimble Storage Inc. (NYSE:NMBL) by 16.9% during the second quarter, Holdings Channel reports. The fund owned 85,738 shares of the company’s stock after selling 17,428 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Nimble Storage were worth $674,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of NMBL. Quantum Capital Management acquired a new position in Nimble Storage during the first quarter worth approximately $105,000. CIBC World Markets Inc. acquired a new position in Nimble Storage during the first quarter worth approximately $119,000. Bank of Montreal Can acquired a new position in Nimble Storage during the second quarter worth approximately $218,000. Menta Capital LLC boosted its position in Nimble Storage by 17.0% in the first quarter. Menta Capital LLC now owns 43,434 shares of the company’s stock worth $341,000 after buying an additional 6,300 shares in the last quarter. Finally, Sterling Ridge Capital Management LP acquired a new position in Nimble Storage during the first quarter worth approximately $505,000. 61.23% of the stock is currently owned by institutional investors.
Shares of Nimble Storage Inc. (NYSE:NMBL) traded down 2.14% during midday trading on Thursday, reaching $8.24. The company’s stock had a trading volume of 445,338 shares. Nimble Storage Inc. has a 52 week low of $5.64 and a 52 week high of $24.17. The company has a 50 day moving average of $8.24 and a 200-day moving average of $7.89. The stock’s market capitalization is $701.22 million.
Nimble Storage (NYSE:NMBL) last issued its earnings results on Tuesday, August 23rd. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 40.53% and a negative return on equity of 97.66%. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. Equities research analysts predict that Nimble Storage Inc. will post ($0.72) earnings per share for the current year.
A number of research analysts have recently commented on NMBL shares. BMO Capital Markets raised 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. Morgan Stanley increased their price objective on Nimble Storage from $6.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 24th. Wells Fargo & Co. raised Nimble Storage from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $9.50 to $10.50 in a research note on Thursday, September 29th. Jefferies Group increased their price objective on Nimble Storage from $13.50 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, August 24th. Finally, RBC Capital Markets reissued a “sector perform” rating and issued a $10.00 price objective (up previously from $8.00) on shares of Nimble Storage in a research note on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.17.
In related news, Director William John Schroeder purchased 5,000 shares of Nimble Storage stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 46,870 shares in the company, valued at $342,151. The acquisition was disclosed in a filing 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 shares were sold at an average price of $8.62, for a total transaction of $198,260.00. Following the completion of the sale, 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. Corporate 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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