Tintri (NASDAQ:TNTR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Tintri, Inc. is involved in the business of storage management solutions. The Company offers product includes Tintri all-flash array, Tintri hybrid-flash array, Tintri Global Center, Tintri Analytics, Tintri Storage Software. It also offers its products related support, installation and training services. The company serves private and public sector organizations, cloud service providers in education, financial services and insurance, healthcare, manufacturing and technology industries. Tintri, Inc. is headquartered in Mountain View, California. “

Other analysts also recently issued reports about the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $4.50 price target (down from $6.00) on shares of Tintri in a research report on Friday, September 8th. William Blair downgraded shares of Tintri from an “outperform” rating to a “market perform” rating in a research report on Friday, September 8th. Raymond James Financial reiterated an “underperform” rating and issued a $9.00 price target on shares of Tintri in a research report on Wednesday, September 20th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $6.50 price target (down from $8.50) on shares of Tintri in a research report on Friday, September 8th. Finally, Needham & Company LLC downgraded shares of Tintri from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.57.

Shares of Tintri (NASDAQ TNTR) opened at $5.64 on Friday. The firm has a market cap of $180.43 and a P/E ratio of -1.40. The company has a debt-to-equity ratio of -0.73, a current ratio of 1.04 and a quick ratio of 0.96. Tintri has a 52-week low of $2.78 and a 52-week high of $7.75.

Hedge funds have recently made changes to their positions in the business. Empyrean Capital Partners LP acquired a new stake in shares of Tintri in the second quarter valued at approximately $6,180,000. JPMorgan Chase & Co. acquired a new stake in shares of Tintri in the second quarter valued at approximately $4,725,000. Laurion Capital Management LP acquired a new stake in shares of Tintri in the second quarter valued at approximately $2,181,000. Federated Investors Inc. PA acquired a new stake in shares of Tintri in the second quarter valued at approximately $2,181,000. Finally, UBS Oconnor LLC acquired a new stake in shares of Tintri in the second quarter valued at approximately $1,454,000. Hedge funds and other institutional investors own 61.33% of the company’s stock.

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About Tintri

Tintri, Inc is a United States-based company. The Company is engaged in the business of storage management solutions. The Company offers a range of products, including Tintri all-flash array, Tintri hybrid-flash array, Tintri Global Center (TGC), Tintri Analytics, Tintri Storage Software. The Company’s solutions include cloud, desktops, database system and servers, Data protection and disaster recovery and DevOps.

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