Tintri (NASDAQ:TNTR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
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 research reports about the stock. KeyCorp reaffirmed an “equal weight” rating on shares of Tintri in a report on Friday, December 15th. Piper Jaffray Companies set a $5.00 target price on shares of Tintri and gave the company a “hold” rating in a report on Thursday, December 14th. Finally, Bank of America downgraded shares of Tintri from a “neutral” rating to an “underperform” rating and set a $5.00 target price on the stock. in a report on Thursday, December 14th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Tintri has a consensus rating of “Hold” and an average target price of $7.89.
Tintri (NASDAQ:TNTR) last issued its earnings results on Wednesday, December 13th. The company reported ($1.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.42) by $0.25. sell-side analysts forecast that Tintri will post -5.28 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. purchased a new stake in Tintri during the second quarter worth about $619,000. Empyrean Capital Partners LP purchased a new stake in Tintri during the second quarter worth about $6,180,000. JPMorgan Chase & Co. purchased a new stake in Tintri during the second quarter worth about $4,725,000. UBS Oconnor LLC purchased a new stake in Tintri during the second quarter worth about $1,454,000. Finally, Legal & General Group Plc purchased a new stake in Tintri during the second quarter worth about $146,000. 61.33% of the stock is currently owned by hedge funds and other institutional investors.
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Tintri Company Profile
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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