Tintri (TNTR) Lowered to “Hold” at Zacks Investment Research

Tintri (NASDAQ:TNTR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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. “

TNTR has been the subject of a number of other research reports. Piper Jaffray Companies set a $5.00 price objective on Tintri and gave the company a “hold” rating in a research report on Thursday, December 14th. UBS Group downgraded Tintri from an “outperform” rating to an “underperform” rating in a research report on Wednesday, September 20th. Needham & Company LLC lowered their price objective on Tintri from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, September 8th. Bank of America downgraded Tintri from a “buy” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research report on Friday, September 8th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Tintri in a research report on Friday, December 15th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.57.

Shares of Tintri (NASDAQ:TNTR) opened at $5.64 on Friday. The company has a market capitalization of $180.43 and a price-to-earnings 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 1 year low of $2.78 and a 1 year high of $7.75.

Hedge funds have recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in Tintri during the second quarter valued at about $146,000. Goldman Sachs Group Inc. purchased a new stake in Tintri during the second quarter valued at about $619,000. UBS Oconnor LLC purchased a new stake in Tintri during the second quarter valued at about $1,454,000. Laurion Capital Management LP purchased a new stake in Tintri during the second quarter valued at about $2,181,000. Finally, Federated Investors Inc. PA purchased a new stake in Tintri during the second quarter valued at about $2,181,000. 61.33% of the stock is owned by hedge funds and other institutional investors.

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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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