Barclays PLC reaffirmed their equal weight rating on shares of Nimble Storage Inc. (NYSE:NMBL) in a research note published on Saturday. They currently have a $10.00 price target on the stock.

Several other research analysts have also recently commented on NMBL. BMO Capital Markets upgraded shares of Nimble Storage from a market perform rating to an outperform rating and raised their target price for the stock from $9.00 to $10.00 in a report on Wednesday, August 3rd. Morgan Stanley raised their target price on shares of Nimble Storage from $6.00 to $18.00 and gave the stock an overweight rating in a report on Wednesday, August 24th. Wells Fargo & Co. upgraded shares of Nimble Storage from a market perform rating to an outperform rating and raised their target price for the stock from $9.50 to $10.50 in a report on Thursday, September 29th. Zacks Investment Research upgraded shares of Nimble Storage from a sell rating to a hold rating in a report on Tuesday. Finally, Jefferies Group raised their target price on shares of Nimble Storage from $13.50 to $14.00 and gave the stock a buy rating in a report on Wednesday, August 24th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $11.94.

Shares of Nimble Storage (NYSE:NMBL) opened at 7.73 on Friday. Nimble Storage has a 1-year low of $5.64 and a 1-year high of $11.33. The firm’s 50-day moving average is $8.15 and its 200 day moving average is $8.01. The stock’s market capitalization is $657.82 million.

Nimble Storage (NYSE:NMBL) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.18) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.18). Nimble Storage had a negative net margin of 41.08% and a negative return on equity of 109.02%. The company earned $102 million during the quarter, compared to analyst estimates of $101.99 million. During the same quarter last year, the firm posted ($0.14) EPS. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, analysts expect that Nimble Storage will post ($0.73) EPS for the current fiscal year.

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In other Nimble Storage news, Director Jerry M. Kennelly sold 5,000 shares of Nimble Storage stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $8.17, for a total transaction of $40,850.00. Following the sale, the director now owns 38,456 shares in the company, valued at $314,185.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anup V. Singh sold 16,479 shares of Nimble Storage stock in a transaction on Monday, September 12th. The stock was sold at an average price of $7.72, for a total transaction 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 disclosure for this sale can be found here. 20.90% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of NMBL. Vanguard Group Inc. increased its stake in Nimble Storage by 13.2% in the second quarter. Vanguard Group Inc. now owns 4,147,386 shares of the company’s stock worth $33,013,000 after buying an additional 482,263 shares in the last quarter. Polar Capital LLP increased its stake in Nimble Storage by 22.9% in the second quarter. Polar Capital LLP now owns 2,394,557 shares of the company’s stock worth $19,050,000 after buying an additional 446,236 shares in the last quarter. BlackRock Fund Advisors increased its stake in Nimble Storage by 6.2% in the third quarter. BlackRock Fund Advisors now owns 1,602,928 shares of the company’s stock worth $14,154,000 after buying an additional 93,563 shares in the last quarter. Retirement Systems of Alabama increased its stake in Nimble Storage by 5.0% in the second quarter. Retirement Systems of Alabama now owns 1,590,000 shares of the company’s stock worth $12,656,000 after buying an additional 75,000 shares in the last quarter. Finally, Quentec Asset Management LLC increased its stake in Nimble Storage by 35.7% in the third quarter. Quentec Asset Management LLC now owns 1,506,499 shares of the company’s stock worth $13,302,000 after buying an additional 396,439 shares in the last quarter. Hedge funds and other institutional investors own 59.94% 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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