American International Group Inc. boosted its position in Nutanix Inc (NASDAQ:NTNX) by 74.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,692 shares of the technology company’s stock after purchasing an additional 16,098 shares during the period. American International Group Inc.’s holdings in Nutanix were worth $844,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Thompson Davis & CO. Inc. raised its stake in 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 purchasing an additional 4,000 shares during the period. Legal & General Group Plc raised its stake in Nutanix by 3,147.6% during the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after purchasing an additional 8,530 shares during the period. SG Americas Securities LLC bought a new stake in Nutanix during the 2nd quarter valued at approximately $186,000. PNC Financial Services Group Inc. bought a new stake in Nutanix during the 2nd quarter valued at approximately $208,000. Finally, Iron Financial LLC bought a new stake in Nutanix during the 3rd quarter valued at approximately $235,000. 34.13% of the stock is currently owned by institutional investors and hedge funds.
In other news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $36.87, for a total value of $1,474,800.00. Following the sale, the president now owns 193,856 shares in the company, valued at $7,147,470.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sunil Potti sold 10,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $26.87, for a total value of $268,700.00. 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. Corporate insiders own 19.81% of the company’s stock.
Shares of Nutanix Inc (NTNX) traded down $0.11 during midday trading on Friday, reaching $37.84. The company’s stock had a trading volume of 1,920,000 shares, compared to its average volume of 4,230,000. The company has a market cap of $6,070.00 and a price-to-earnings ratio of -15.64. Nutanix Inc has a 1-year low of $14.38 and a 1-year high of $38.80.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.10. The business had revenue of $275.60 million during the quarter, compared to analyst estimates of $267.02 million. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. Nutanix’s revenue was up 46.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.37) EPS. research analysts expect that Nutanix Inc will post -1.71 EPS for the current year.
NTNX has been the topic of a number of research reports. ValuEngine downgraded Nutanix from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. William Blair reaffirmed an “outperform” rating on shares of Nutanix in a research note on Friday, October 13th. Zacks Investment Research downgraded Nutanix from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Bank of America lifted their price objective on Nutanix from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Finally, Vetr cut Nutanix from a “strong-buy” rating to a “buy” rating and set a $27.22 target price for the company. in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $35.30.
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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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