Messner & Smith Theme Value Investment Management Ltd. CA cut its holdings in Nutanix Inc (NASDAQ:NTNX) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,565 shares of the technology company’s stock after selling 6,554 shares during the quarter. Nutanix makes up approximately 4.2% of Messner & Smith Theme Value Investment Management Ltd. CA’s portfolio, making the stock its 2nd largest holding. Messner & Smith Theme Value Investment Management Ltd. CA’s holdings in Nutanix were worth $2,666,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Brown Advisory Inc. raised its stake in Nutanix by 4.4% during the third quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock worth $1,714,000 after purchasing an additional 3,254 shares during the period. Gilder Gagnon Howe & Co. LLC raised its stake in shares of Nutanix by 96.2% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 7,989 shares of the technology company’s stock valued at $282,000 after acquiring an additional 3,918 shares during the period. Thompson Davis & CO. Inc. raised its stake in shares of 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 acquiring an additional 4,000 shares during the period. US Bancorp DE raised its stake in shares of Nutanix by 850.6% in the 4th quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock valued at $168,000 after acquiring an additional 4,253 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Nutanix by 54.7% in 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. Institutional investors and hedge funds own 38.31% of the company’s stock.
Nutanix Inc (NASDAQ:NTNX) traded down $0.35 during midday trading on Monday, hitting $34.47. 1,917,600 shares of the company were exchanged, compared to its average volume of 3,347,218. Nutanix Inc has a twelve month low of $14.38 and a twelve month high of $38.80. The company has a market cap of $5,529.81, a P/E ratio of -14.24 and a beta of 4.84.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. The business had revenue of $275.60 million for the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The firm’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.37) earnings per share. sell-side analysts predict that Nutanix Inc will post -1.71 earnings per share for the current fiscal year.
In other Nutanix news, Director Jeffrey T. Parks sold 285,975 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $37.54, for a total value of $10,735,501.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Sangster sold 5,892 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $36.32, for a total transaction of $213,997.44. Following the completion of the sale, the executive vice president now directly owns 12,500 shares of the company’s stock, valued at $454,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,479,667 shares of company stock worth $51,882,182. 19.81% of the stock is currently owned by insiders.
A number of equities analysts have recently commented on the stock. Oppenheimer reissued a “buy” rating and issued a $43.00 target price on shares of Nutanix in a research note on Tuesday, January 9th. KeyCorp reaffirmed an “overweight” rating and set a $42.00 price target (up previously from $37.00) on shares of Nutanix in a research note on Thursday, January 11th. JPMorgan Chase & Co. lowered shares of Nutanix from a “neutral” rating to an “underweight” rating and set a $35.00 price objective for the company. in a report on Thursday, January 25th. Royal Bank of Canada reissued a “buy” rating and set a $40.00 price objective on shares of Nutanix in a report on Friday, December 1st. Finally, Morgan Stanley lifted their price target on shares of Nutanix from $22.00 to $35.00 and gave the company a “hold” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Nutanix currently has a consensus rating of “Buy” and a consensus target price of $36.24.
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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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