Rhumbline Advisers raised its position in Nutanix Inc. (NASDAQ:NTNX) by 60.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,658 shares of the technology company’s stock after purchasing an additional 23,111 shares during the period. Rhumbline Advisers’ holdings in Nutanix were worth $1,381,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in NTNX. FMR LLC boosted its holdings in Nutanix by 320.6% in the 2nd quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after purchasing an additional 9,180,123 shares during the period. Franklin Resources Inc. bought a new position in Nutanix in the 2nd quarter valued at $55,063,000. Goldman Sachs Group Inc. boosted its holdings in Nutanix by 3,462.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock valued at $14,808,000 after purchasing an additional 714,257 shares during the period. New York State Common Retirement Fund boosted its holdings in Nutanix by 1,771.2% in the 2nd quarter. New York State Common Retirement Fund now owns 527,700 shares of the technology company’s stock valued at $10,633,000 after purchasing an additional 499,499 shares during the period. Finally, Artemis Investment Management LLP boosted its holdings in Nutanix by 158.3% in the 2nd quarter. Artemis Investment Management LLP now owns 716,291 shares of the technology company’s stock valued at $14,440,000 after purchasing an additional 438,981 shares during the period. 35.35% of the stock is owned by hedge funds and other institutional investors.
In related news, President Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock in a transaction on Friday, September 15th. The shares were sold at an average price of $21.39, for a total value of $1,069,500.00. Following the transaction, the president now owns 310,519 shares in the company, valued at approximately $6,642,001.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Scarpelli sold 150,000 shares of Nutanix stock in a transaction on Monday, December 11th. The stock was sold at an average price of $35.68, for a total transaction of $5,352,000.00. Following the completion of the transaction, the director now owns 55,300 shares in the company, valued at approximately $1,973,104. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,033,569 shares of company stock worth $60,668,348. 19.81% of the stock is owned by corporate insiders.
NTNX has been the subject of several analyst reports. Vetr raised shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 price target for the company in a report on Monday, October 16th. BTIG Research reaffirmed a “hold” rating and set a $22.00 price objective on shares of Nutanix in a report on Friday, September 1st. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Friday, September 8th. JMP Securities reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Nutanix in a report on Sunday, September 3rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $22.00 price objective on shares of Nutanix in a report on Sunday, October 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $34.74.
Nutanix Inc. (NASDAQ NTNX) opened at $35.34 on Thursday. Nutanix Inc. has a 52-week low of $14.38 and a 52-week high of $38.28.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The company had revenue of $275.60 million for the quarter, compared to analysts’ expectations of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 363.55%. The firm’s revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.37) EPS. equities research analysts predict that Nutanix Inc. will post -1.73 earnings per share for the current fiscal year.
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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