Oppenheimer & Co. Inc. trimmed its stake in Nutanix Inc (NASDAQ:NTNX) by 80.7% in the 4th quarter, Holdings Channel reports. The firm owned 11,474 shares of the technology company’s stock after selling 47,936 shares during the period. Oppenheimer & Co. Inc.’s holdings in Nutanix were worth $405,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Scott & Selber Inc. bought a new stake in shares of Nutanix in the 3rd quarter valued at approximately $1,398,000. California State Teachers Retirement System lifted its stake in shares of Nutanix by 47.3% in the 3rd quarter. California State Teachers Retirement System now owns 90,900 shares of the technology company’s stock valued at $2,035,000 after purchasing an additional 29,200 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Nutanix in the 3rd quarter valued at approximately $441,000. Great West Life Assurance Co. Can lifted its stake in shares of Nutanix by 1,837.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 71,700 shares of the technology company’s stock valued at $1,602,000 after purchasing an additional 68,000 shares during the last quarter. Finally, Cowen Prime Services LLC lifted its stake in shares of Nutanix by 33.7% in the 4th quarter. Cowen Prime Services LLC now owns 20,450 shares of the technology company’s stock valued at $721,000 after purchasing an additional 5,150 shares during the last quarter. 38.31% of the stock is owned by institutional investors and hedge funds.
NTNX has been the subject of several analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Nutanix in a research note on Wednesday, January 3rd. Goldman Sachs Group assumed coverage on Nutanix in a research note on Wednesday, February 7th. They issued a “conviction-buy” rating and a $43.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and set a $40.00 price target on shares of Nutanix in a research note on Friday, December 1st. Zacks Investment Research raised Nutanix from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Wednesday, December 6th. Finally, Vetr raised Nutanix from a “buy” rating to a “strong-buy” rating and set a $38.98 price target for the company in a research note on Tuesday, December 12th. Four research analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $36.00.
In other Nutanix news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $30.35, for a total transaction of $1,214,000.00. Following the transaction, the president now directly owns 193,856 shares in the company, valued at approximately $5,883,529.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kenneth W. Long III sold 60,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $35.87, for a total value of $2,152,200.00. Following the transaction, the vice president now owns 176,171 shares in the company, valued at $6,319,253.77. The disclosure for this sale can be found here. Insiders have sold a total of 1,326,667 shares of company stock worth $47,327,622 over the last 90 days. 19.81% of the stock is currently owned by company insiders.
Nutanix Inc (NASDAQ NTNX) opened at $34.85 on Friday. The company has a market capitalization of $5,590.00 and a price-to-earnings ratio of -14.40. Nutanix Inc has a fifty-two week low of $14.38 and a fifty-two week high of $38.80.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. The company had revenue of $275.60 million for the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. Nutanix’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period last year, the business posted ($0.37) EPS. analysts forecast that Nutanix Inc will post -1.71 EPS for the current year.
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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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