Herald Investment Management Ltd continued to hold its stake in shares of Nimble Storage, Inc. (NYSE:NMBL) during the fourth quarter, Holdings Channel reports. The firm owned 350,182 shares of the company’s stock at the end of the fourth quarter. Nimble Storage accounts for 1.2% of Herald Investment Management Ltd’s investment portfolio, making the stock its 24th largest position. Herald Investment Management Ltd owned about 0.40% of Nimble Storage worth $2,773,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Aperio Group LLC purchased a new stake in shares of Nimble Storage during the third quarter valued at about $146,000. RBF Capital LLC purchased a new stake in shares of Nimble Storage during the third quarter valued at about $150,000. CIBC World Markets Inc. raised its stake in shares of Nimble Storage by 2.0% in the third quarter. CIBC World Markets Inc. now owns 17,600 shares of the company’s stock valued at $155,000 after buying an additional 350 shares in the last quarter. Creative Planning raised its stake in shares of Nimble Storage by 20.8% in the third quarter. Creative Planning now owns 18,373 shares of the company’s stock valued at $162,000 after buying an additional 3,164 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Nimble Storage by 5.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 22,990 shares of the company’s stock valued at $183,000 after buying an additional 1,155 shares in the last quarter. Institutional investors and hedge funds own 63.41% of the company’s stock.
Nimble Storage, Inc. (NYSE:NMBL) traded up 0.68% during trading on Tuesday, reaching $8.94. The company’s stock had a trading volume of 881,979 shares. The company’s 50 day moving average price is $8.45 and its 200-day moving average price is $8.20. The stock’s market cap is $782.25 million. Nimble Storage, Inc. has a 1-year low of $5.75 and a 1-year high of $9.90.
Nimble Storage (NYSE:NMBL) last announced its earnings results on Tuesday, November 22nd. The company reported ($0.18) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.18). The company had revenue of $102 million for the quarter, compared to analyst estimates of $101.99 million. Nimble Storage had a negative return on equity of 114.08% and a negative net margin of 41.08%. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) earnings per share. Equities analysts forecast that Nimble Storage, Inc. will post ($0.75) earnings per share for the current fiscal year.
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Several equities research analysts have recently issued reports on the company. RBC Capital Markets reiterated a “sector perform” rating and set a $10.00 price target on shares of Nimble Storage in a report on Saturday, November 26th. Pacific Crest raised Nimble Storage from a “sector weight” rating to an “overweight” rating and set a $11.00 price objective on the stock in a research note on Monday, January 9th. Jefferies Group LLC reissued a “buy” rating and issued a $14.00 price objective on shares of Nimble Storage in a research note on Tuesday, December 6th. Zacks Investment Research raised Nimble Storage from a “sell” rating to a “hold” rating in a research note on Wednesday, November 30th. Finally, Barclays PLC reissued an “equal weight” rating on shares of Nimble Storage in a research note on Tuesday, November 8th. Thirteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Nimble Storage currently has a consensus rating of “Buy” and a consensus price target of $11.78.
In other Nimble Storage news, Director Jerry M. Kennelly sold 10,656 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $7.60, for a total transaction of $80,985.60. Following the transaction, the director now owns 27,800 shares in the company, valued at approximately $211,280. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Suresh Vasudevan sold 116,075 shares of the firm’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $8.05, for a total value of $934,403.75. Following the transaction, the chief executive officer now owns 1,127,052 shares in the company, valued at approximately $9,072,768.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 409,034 shares of company stock worth $3,301,924. 20.90% of the stock is owned by corporate insiders.
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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