Engineers Gate Manager LP acquired a new stake in shares of Nutanix Inc. (NASDAQ:NTNX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,789 shares of the technology company’s stock, valued at approximately $1,473,000.
A number of other institutional investors also recently modified their holdings of NTNX. FMR LLC raised its position in Nutanix by 320.6% in the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock worth $242,686,000 after acquiring an additional 9,180,123 shares during the period. Franklin Resources Inc. bought a new position in Nutanix in the second quarter worth approximately $55,063,000. Artemis Investment Management LLP raised its position in Nutanix by 17.9% in the third quarter. Artemis Investment Management LLP now owns 844,784 shares of the technology company’s stock worth $18,910,000 after acquiring an additional 128,493 shares during the period. Goldman Sachs Group Inc. raised its position in Nutanix by 3,462.4% in the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after acquiring an additional 714,257 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC bought a new position in Nutanix in the third quarter worth approximately $14,668,000. Institutional investors own 34.13% of the company’s stock.
NTNX has been the subject of a number of analyst reports. Vetr raised shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 price objective for the company in a research note on Monday, October 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $40.00 target price on shares of Nutanix in a research note on Friday, December 1st. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Wednesday, December 6th. Bank of America raised their target price on shares of Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Needham & Company LLC initiated coverage on shares of Nutanix in a research report on Wednesday, November 22nd. They set a “buy” rating and a $45.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $34.74.
In other news, CEO Dheeraj Pandey sold 71,400 shares of Nutanix stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $35.33, for a total value of $2,522,562.00. Following the transaction, the chief executive officer now owns 288,612 shares of the company’s stock, valued at approximately $10,196,661.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sunil Potti sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $26.87, for a total transaction of $268,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,294,670 shares of company stock worth $71,752,739. Insiders own 19.81% of the company’s stock.
Nutanix Inc. (NASDAQ:NTNX) traded up $0.67 during midday trading on Tuesday, reaching $35.95. 1,920,341 shares of the company’s stock were exchanged, compared to its average volume of 4,500,000. The stock has a market cap of $5,770.00 and a P/E ratio of -14.86. Nutanix Inc. has a 1-year low of $14.38 and a 1-year high of $38.28.
Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The business had revenue of $275.60 million for the quarter, compared to the consensus estimate of $267.02 million. During the same quarter last year, the firm posted ($0.37) EPS. The company’s revenue for the quarter was up 46.1% on a year-over-year basis. analysts expect that Nutanix Inc. will post -1.72 earnings per share for the current 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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