Scge Management buys $6,075,000 stake in Nimble Storage Inc (NMBL)

Nimble Storage Inc (NMBL) : Scge Management scooped up 250,000 additional shares in Nimble Storage Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 750,000 shares of Nimble Storage Inc which is valued at $6,075,000.Nimble Storage Inc makes up approximately 0.91% of Scge Management’s portfolio.

Other Hedge Funds, Including , Strategic Investment Management sold out all of its stake in NMBL during the most recent quarter. The investment firm sold 10,495 shares of NMBL which is valued $85,010.Norges Bank boosted its stake in NMBL in the latest quarter, The investment management firm added 420,253 additional shares and now holds a total of 493,299 shares of Nimble Storage Inc which is valued at $3,995,722.Tiaa Cref Investment Management boosted its stake in NMBL in the latest quarter, The investment management firm added 31,803 additional shares and now holds a total of 231,022 shares of Nimble Storage Inc which is valued at $1,871,278.Blackrock Investment Management boosted its stake in NMBL in the latest quarter, The investment management firm added 60,076 additional shares and now holds a total of 232,906 shares of Nimble Storage Inc which is valued at $1,886,539. Essex Investment Management Co added NMBL to its portfolio by purchasing 11,205 company shares during the most recent quarter which is valued at $83,925. Nimble Storage Inc makes up approx 0.01% of Essex Investment Management Co’s portfolio.

Nimble Storage Inc closed down -0.04 points or -0.49% at $8.18 with 9,61,128 shares getting traded on Thursday. Post opening the session at $8.22, the shares hit an intraday low of $8.09 and an intraday high of $8.35 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Nimble Storage Inc reported $-0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 23, 2016. Analyst had a consensus of $-0.20. The company had revenue of $97.10 million for the quarter, compared to analysts expectations of $94.71 million. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

Many Wall Street Analysts have commented on Nimble Storage Inc. Company shares were Reiterated by Maxim Group on May 25, 2016 to “Buy”, Firm has raised the Price Target to $ 11 from a previous price target of $10 .Shares were Reiterated by Maxim Group on May 23, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $14 .

Nimble Storage Inc. (Nimble Storage) engineers and delivers its customers with data storage platform. The Company has designed and sells a flash-optimized storage platform Adaptive Flash. With the combination of the Company’s file system Cache Accelerated Sequential Layout (CASL) and its cloud-based storage management and support service InfoSight the Company’s platform serves an array of enterprises and cloud-based service providers and the Company’s software and storage systems handle mainstream applications including virtual desktops databases e-mail collaboration and analytics. It enables information technology (IT) organizations to predict manage and deliver the storage required to improve business applications and workloads across their IT environments. Its end-customers span a range of industries such as cloud-based service providers education financial services healthcare manufacturing state and local government and technology.

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