Morgan Stanley downgraded shares of Tintri, Inc. (NASDAQ:TNTR) from an overweight rating to an equal weight rating in a report published on Wednesday, MarketBeat reports. They currently have $6.00 price target on the stock, down from their previous price target of $10.00.
A number of other brokerages have also commented on TNTR. Raymond James Financial, Inc. initiated coverage on Tintri in a research note on Tuesday, July 25th. They issued an outperform rating and a $9.00 target price for the company. William Blair initiated coverage on Tintri in a research report on Tuesday, July 25th. They issued an outperform rating on the stock. KeyCorp initiated coverage on Tintri in a research report on Tuesday, July 25th. They issued an overweight rating and a $9.00 price target on the stock. Needham & Company LLC initiated coverage on Tintri in a research report on Tuesday, July 25th. They issued a buy rating and a $15.00 price target on the stock. Finally, Bank of America Corporation initiated coverage on Tintri in a research report on Tuesday, July 25th. They issued a buy rating and a $16.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $10.58.
Tintri (NASDAQ TNTR) opened at 5.77 on Wednesday. The firm’s market cap is $178.36 million. Tintri has a 12-month low of $5.12 and a 12-month high of $12.15. The firm’s 50-day moving average is $6.47 and its 200 day moving average is $6.79.
WARNING: This report was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://stocknewstimes.com/2017/08/27/tintri-inc-tntr-rating-lowered-to-equal-weight-at-morgan-stanley.html.
In other Tintri news, major shareholder Enterprise Associates 12 New bought 926,429 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were bought at an average price of $7.00 per share, for a total transaction of $6,485,003.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher J. Schaepe bought 597,858 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were acquired at an average price of $7.00 per share, for a total transaction of $4,185,006.00. The disclosure for this purchase can be found here.
Several hedge funds have recently made changes to their positions in TNTR. NEA Management Company LLC acquired a new stake in shares of Tintri during the second quarter valued at approximately $38,192,000. Insight Holdings Group LLC purchased a new position in Tintri during the second quarter valued at about $38,786,000. Legal & General Group Plc purchased a new position in Tintri during the second quarter valued at about $146,000. Federated Investors Inc. PA purchased a new position in Tintri during the second quarter valued at about $2,181,000. Finally, OZ Management LP purchased a new position in Tintri during the second quarter valued at about $3,612,000. Institutional investors own 36.90% of the company’s stock.
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.
Receive News & Ratings for Tintri Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tintri Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
