Stock Mover of The Day: Is Buying Nimble Storage Inc Here a Winning Strategy?

Stock Mover of The Day: Is Buying Nimble Storage Inc Here a Winning Strategy?

The stock of Nimble Storage Inc (NYSE:NMBL) is a huge mover today! About 541,642 shares traded hands. Nimble Storage Inc (NYSE:NMBL) has risen 11.05% since March 1, 2016 and is uptrending. It has outperformed by 1.81% the S&P500.
The move comes after 9 months positive chart setup for the $716.88M company. It was reported on Oct, 4 by We have $11.85 PT which if reached, will make NYSE:NMBL worth $258.08 million more.

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. Nimble Storage has been the topic of 53 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Maxim Group maintained it with “Hold” rating and $15 target price in Friday, November 20 report. Needham maintained Nimble Storage Inc (NYSE:NMBL) rating on Friday, November 20. Needham has “Buy” rating and $17 price target. The firm earned “Buy” rating on Tuesday, July 28 by Needham. As per Tuesday, September 8, the company rating was initiated by Susquehanna. The firm has “Neutral” rating by BTIG Research given on Tuesday, April 26. As per Friday, November 20, the company rating was downgraded by RBC Capital Markets. The stock of Nimble Storage Inc (NYSE:NMBL) has “Neutral” rating given on Tuesday, September 22 by Goldman Sachs. The rating was downgraded by Barclays Capital to “Equal-Weight” on Friday, November 20. The company was upgraded on Thursday, January 28 by Maxim Group. Oppenheimer maintained Nimble Storage Inc (NYSE:NMBL) on Monday, October 5 with “Outperform” rating.

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.”

Insitutional Activity: The institutional sentiment increased to 1.58 in 2016 Q2. Its up 0.73, from 0.85 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.
Vanguard Gru last reported 4.15M shares in the company. Moreover, Blackrock Fund has 0% invested in Nimble Storage Inc (NYSE:NMBL) for 1.51 million shares. The New Jersey-based Blackrock Inv Management Limited Liability Corporation has invested 0% in Nimble Storage Inc (NYSE:NMBL). Pier Capital Ltd Co, a Connecticut-based fund reported 645,792 shares. Millennium Mgmt Ltd Liability Corp holds 0.01% of its portfolio in Nimble Storage Inc (NYSE:NMBL) for 700,046 shares. Moreover, Swiss Bank has 0% invested in Nimble Storage Inc (NYSE:NMBL) for 94,300 shares. Tfs Ltd Liability Corp, a Pennsylvania-based fund reported 13,198 shares. Credit Agricole S A has 263,484 shares for 0.01% of their US portfolio. California Pub Employees Retirement Sys holds 0% of its portfolio in Nimble Storage Inc (NYSE:NMBL) for 320,000 shares. Bank & Trust Of Montreal Can holds 0% or 27,408 shares in its portfolio. Voya Inv Mgmt Limited Liability, a Georgia-based fund reported 26,878 shares. Moreover, Retirement Of Alabama has 0.07% invested in Nimble Storage Inc (NYSE:NMBL) for 1.59 million shares. Services Automobile Association has invested 0% of its portfolio in Nimble Storage Inc (NYSE:NMBL). Legal And General Grp Incorporated Public Limited Com has 0% invested in the company for 12,151 shares. Moreover, Rhumbline Advisers has 0% invested in Nimble Storage Inc (NYSE:NMBL) for 56,370 shares.

Insider Transactions: Since May 27, 2016, the stock had 1 buy, and 12 selling transactions for $715,491 net activity. MEHTA VARUN sold 13,282 shares worth $103,410. 5,000 shares were sold by Kennelly Jerry M, worth $40,837. SINGH ANUP V had sold 1,762 shares worth $15,060 on Monday, August 29. 4,050 shares with value of $31,535 were sold by Murphy Denis on Monday, September 12. Another trade for 7,500 shares valued at $55,025 was made by SCHROEDER WILLIAM JOHN on Monday, September 19. $176,657 worth of Nimble Storage Inc (NYSE:NMBL) was sold by Vasudevan Suresh.

Another recent and important Nimble Storage Inc (NYSE:NMBL) news was published by which published an article titled: “Nimble Storage: Performance That Should Quiet The Competitive Concerns” on September 26, 2016.

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.

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