Tintri (NASDAQ:TNTR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $6.25 price objective on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 9.27% from the company’s current price.
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. “
Several other equities analysts have also commented on the stock. UBS Group lowered shares of Tintri from an “outperform” rating to an “underperform” rating in a report on Wednesday, September 20th. Bank of America lowered shares of Tintri from a “neutral” rating to an “underperform” rating and set a $5.00 price objective on the stock. in a report on Thursday, December 14th. Needham & Company LLC lowered shares of Tintri from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a report on Thursday, September 21st. Raymond James Financial restated an “underperform” rating and issued a $9.00 price objective on shares of Tintri in a report on Wednesday, September 20th. Finally, KeyCorp restated an “equal weight” rating on shares of Tintri in a report on Friday, December 15th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $7.68.
A number of institutional investors have recently added to or reduced their stakes in the business. Empyrean Capital Partners LP acquired a new stake in Tintri during the 2nd quarter worth approximately $6,180,000. JPMorgan Chase & Co. acquired a new stake in Tintri during the 2nd quarter worth approximately $4,725,000. Laurion Capital Management LP acquired a new stake in Tintri during the 2nd quarter worth approximately $2,181,000. UBS Oconnor LLC acquired a new stake in Tintri during the 2nd quarter worth approximately $1,454,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Tintri during the 2nd quarter worth approximately $619,000. Institutional investors own 61.33% of the company’s stock.
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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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