Zacks Investment Research upgraded shares of Tintri (NASDAQ:TNTR) from a hold rating to a buy rating in a report issued on Wednesday morning. Zacks Investment Research currently has $5.50 price objective on the stock.
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 research analysts have also commented on the company. KeyCorp restated an equal weight rating on shares of Tintri in a research report on Friday, December 15th. Piper Jaffray Companies set a $5.00 target price on Tintri and gave the company a hold rating in a report on Thursday, December 14th. Bank of America lowered Tintri from a neutral rating to an underperform rating and set a $5.00 target price for the company. in a report on Thursday, December 14th. Needham & Company LLC downgraded Tintri from a buy rating to a hold rating and set a $15.00 price target for the company. in a report on Thursday, September 21st. Finally, Raymond James Financial reaffirmed an underperform rating and set a $9.00 price target on shares of Tintri in a report on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $7.57.
Institutional investors and hedge funds have recently bought and sold shares of the company. Empyrean Capital Partners LP acquired a new position in Tintri in the 2nd quarter valued at about $6,180,000. JPMorgan Chase & Co. acquired a new position in Tintri in the 2nd quarter valued at about $4,725,000. OZ Management LP acquired a new position in Tintri in the 2nd quarter valued at about $3,612,000. Federated Investors Inc. PA acquired a new position in Tintri in the 2nd quarter valued at about $2,181,000. Finally, Laurion Capital Management LP purchased a new stake in Tintri in the 2nd quarter valued at approximately $2,181,000. Institutional investors and hedge funds 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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