Geode Capital Management LLC increased its holdings in Tintri (NASDAQ:TNTR) by 80.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,661 shares of the company’s stock after acquiring an additional 35,547 shares during the quarter. Geode Capital Management LLC owned approximately 0.25% of Tintri worth $406,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. acquired a new position in shares of Tintri in the 4th quarter valued at $102,000. Citadel Advisors LLC acquired a new position in Tintri in the 4th quarter valued at $150,000. Ferris Capital LLC acquired a new position in Tintri in the 4th quarter valued at $157,000. King Luther Capital Management Corp acquired a new position in Tintri in the 4th quarter valued at $383,000. Finally, BlackRock Inc. increased its stake in Tintri by 9.3% in the 4th quarter. BlackRock Inc. now owns 458,561 shares of the company’s stock valued at $2,338,000 after buying an additional 38,995 shares during the period. 52.11% of the stock is currently owned by institutional investors and hedge funds.
Tintri opened at $1.09 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of -0.73, a quick ratio of 0.96 and a current ratio of 1.04. Tintri has a fifty-two week low of $1.07 and a fifty-two week high of $1.08. The firm has a market cap of $33.20 million and a PE ratio of -0.20.
Tintri (NASDAQ:TNTR) last posted its quarterly earnings results on Monday, March 5th. The company reported ($1.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.23) by $0.06. The company had revenue of $28.90 million for the quarter, compared to analyst estimates of $26.27 million. equities research analysts expect that Tintri will post -2.83 earnings per share for the current fiscal year.
In other news, major shareholder Insight Holdings Group, Llc sold 645,433 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $5.54, for a total transaction of $3,575,698.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Several brokerages have issued reports on TNTR. Zacks Investment Research cut shares of Tintri from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. ValuEngine raised shares of Tintri from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Tintri currently has a consensus rating of “Hold” and a consensus price target of $7.04.
Tintri, Inc develops and markets an enterprise cloud platform combining cloud management software technology and a range of all-flash storage systems for virtualized and cloud environments in the United States and internationally. Its platform provides large organizations and cloud service providers with public cloud capabilities inside their data centers and public cloud services.
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