American National Bank bought a new stake in shares of Nutanix Inc (NASDAQ:NTNX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,299 shares of the technology company’s stock, valued at approximately $363,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Inc. grew its position in shares of Nutanix by 4.4% during the 3rd quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock valued at $1,714,000 after acquiring an additional 3,254 shares during the period. Thompson Davis & CO. Inc. grew its position in shares of Nutanix by 320.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,000 shares during the period. Legal & General Group Plc grew its position in shares of Nutanix by 54.7% during the 3rd quarter. Legal & General Group Plc now owns 13,615 shares of the technology company’s stock valued at $305,000 after acquiring an additional 4,814 shares during the period. New York State Common Retirement Fund grew its position in shares of Nutanix by 0.9% during the 3rd quarter. New York State Common Retirement Fund now owns 532,700 shares of the technology company’s stock valued at $11,927,000 after acquiring an additional 5,000 shares during the period. Finally, Jasper Ridge Partners L.P. grew its position in shares of Nutanix by 9.2% during the 3rd quarter. Jasper Ridge Partners L.P. now owns 68,339 shares of the technology company’s stock valued at $1,530,000 after acquiring an additional 5,734 shares during the period. 34.13% of the stock is owned by hedge funds and other institutional investors.
Nutanix Inc (NTNX) opened at $37.95 on Friday. Nutanix Inc has a fifty-two week low of $14.38 and a fifty-two week high of $38.80. The company has a market cap of $6,090.00 and a price-to-earnings ratio of -15.68.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. Nutanix had a negative net margin of 22.31% and a negative return on equity of 113.75%. The firm had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. During the same period last year, the firm earned ($0.37) EPS. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. equities analysts anticipate that Nutanix Inc will post -1.71 EPS for the current year.
Several research analysts recently commented on the stock. Oppenheimer reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Nutanix in a report on Tuesday. KeyCorp reaffirmed an “overweight” rating and issued a $42.00 price objective (up from $37.00) on shares of Nutanix in a report on Thursday. Morgan Stanley raised their price objective on shares of Nutanix from $22.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, December 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Nutanix in a report on Friday, December 1st. Finally, Vetr downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $38.31 price objective for the company. in a report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Nutanix has a consensus rating of “Buy” and an average price target of $35.30.
In other Nutanix news, insider Sunil Potti sold 10,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $26.87, for a total value of $268,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Sangster sold 27,000 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $27.92, for a total transaction of $753,840.00. Following the sale, the executive vice president now owns 78,000 shares in the company, valued at approximately $2,177,760. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,219,670 shares of company stock valued at $71,006,839. Insiders own 19.81% of the company’s stock.
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Nutanix Company Profile
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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