Tintri (TNTR) Given a $5.00 Price Target by Piper Jaffray Companies Analysts

Piper Jaffray Companies set a $5.00 price objective on Tintri (NASDAQ:TNTR) in a research note published on Thursday morning. The firm currently has a hold rating on the stock.

Other research analysts have also issued reports about the stock. Morgan Stanley lowered shares of Tintri from an overweight rating to an equal weight rating and decreased their price objective for the stock from $10.00 to $6.00 in a report on Wednesday, August 23rd. William Blair lowered shares of Tintri from an outperform rating to a market perform rating in a report on Friday, September 8th. 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. Bank of America lowered shares of Tintri from a neutral rating to an underperform rating and set a $5.00 price objective for the company. in a report on Thursday. Finally, Needham & Company LLC lowered shares of Tintri from a buy rating to a hold rating and set a $15.00 price objective for the company. in a report on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Tintri has a consensus rating of Hold and a consensus target price of $7.92.

Tintri (NASDAQ TNTR) opened at $5.41 on Thursday. The company has a debt-to-equity ratio of -1.02, a current ratio of 1.27 and a quick ratio of 1.20. Tintri has a 1-year low of $2.78 and a 1-year high of $7.75.

Several large investors have recently added to or reduced their stakes in TNTR. Legal & General Group Plc purchased a new stake in shares of Tintri in the 2nd quarter worth about $146,000. Federated Investors Inc. PA purchased a new stake in shares of Tintri in the 2nd quarter worth about $2,181,000. OZ Management LP purchased a new stake in shares of Tintri in the 2nd quarter worth about $3,612,000. JPMorgan Chase & Co. purchased a new stake in shares of Tintri in the 2nd quarter worth about $4,725,000. Finally, Laurion Capital Management LP purchased a new stake in shares of Tintri in the 2nd quarter worth about $2,181,000. 61.33% of the stock is currently 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.

Analyst Recommendations for Tintri (NASDAQ:TNTR)

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