Garrison Bradford & Associates Inc. bought a new stake in Nutanix Inc (NASDAQ:NTNX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,900 shares of the technology company’s stock, valued at approximately $773,000. Nutanix comprises about 0.6% of Garrison Bradford & Associates Inc.’s investment portfolio, making the stock its 29th largest position.
Other institutional investors also recently bought and sold shares of the company. Thompson Davis & CO. Inc. boosted its position in Nutanix by 320.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after buying an additional 4,000 shares during the period. Legal & General Group Plc boosted its position in Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after buying an additional 8,530 shares during the period. SG Americas Securities LLC purchased a new position in Nutanix in the 2nd quarter valued at approximately $186,000. PNC Financial Services Group Inc. purchased a new position in Nutanix in the 2nd quarter valued at approximately $208,000. Finally, Fox Run Management L.L.C. purchased a new position in Nutanix in the 4th quarter valued at approximately $212,000. Hedge funds and other institutional investors own 34.13% of the company’s stock.
In related news, EVP David Sangster sold 27,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $27.92, for a total value of $753,840.00. Following the completion of the sale, the executive vice president now directly owns 78,000 shares of the company’s stock, valued at $2,177,760. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Kenneth W. Long III sold 30,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $29.11, for a total transaction of $873,300.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,209,670 shares of company stock valued at $70,738,139. 19.81% of the stock is owned by corporate insiders.
Several equities analysts have commented on NTNX shares. Vetr cut shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $31.00 price target for the company. in a research report on Monday, October 30th. Piper Jaffray Companies set a $28.00 price target on shares of Nutanix and gave the company a “buy” rating in a research report on Monday, October 23rd. Robert W. Baird reissued a “buy” rating and issued a $31.00 price target (up previously from $28.00) on shares of Nutanix in a research report on Monday, September 25th. Maxim Group reaffirmed a “buy” rating and set a $41.00 price objective on shares of Nutanix in a research report on Friday, September 22nd. Finally, Oppenheimer reaffirmed a “buy” rating and set a $34.00 price objective on shares of Nutanix in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $35.30.
Shares of Nutanix Inc (NASDAQ:NTNX) traded down $0.26 on Friday, reaching $35.93. 3,248,464 shares of the company were exchanged, compared to its average volume of 3,060,362. Nutanix Inc has a 52-week low of $14.38 and a 52-week high of $38.80. The stock has a market capitalization of $5,760.00 and a PE ratio of -14.85.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share 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 firm had revenue of $275.60 million during the quarter, compared to analysts’ expectations of $267.02 million. During the same period in the previous year, the company earned ($0.37) earnings per share. Nutanix’s quarterly revenue was up 46.1% compared to the same quarter last year. analysts anticipate that Nutanix Inc will post -1.71 EPS for the current year.
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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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