Pier Capital LLC bought a new stake in Nutanix Inc (NASDAQ:NTNX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 157,442 shares of the technology company’s stock, valued at approximately $5,555,000.
Other institutional investors have also made changes to their positions in the company. Delpha Capital Management LLC acquired a new position in shares of Nutanix in the 4th quarter valued at $104,000. Focused Wealth Management Inc increased its holdings in shares of Nutanix by 107.2% in the 4th quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock valued at $143,000 after acquiring an additional 2,100 shares during the period. US Bancorp DE increased its holdings 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. First American Bank acquired a new position in shares of Nutanix in the 4th quarter valued at $207,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Nutanix in the 4th quarter valued at $212,000. 44.26% of the stock is currently owned by institutional investors and hedge funds.
In other Nutanix news, President Sudheesh Nair Vadakkedath sold 50,000 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $34.35, for a total transaction of $1,717,500.00. Following the sale, the president now directly owns 188,330 shares in the company, valued at approximately $6,469,135.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dheeraj Pandey sold 33,100 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $36.23, for a total transaction of $1,199,213.00. Following the sale, the chief executive officer now owns 194,712 shares in the company, valued at $7,054,415.76. The disclosure for this sale can be found here. Insiders have sold a total of 2,638,260 shares of company stock worth $101,101,342 over the last 90 days. Insiders own 19.81% of the company’s stock.
Shares of Nutanix Inc (NASDAQ NTNX) opened at $53.00 on Tuesday. The company has a market cap of $8,621.19, a price-to-earnings ratio of -24.65 and a beta of 2.13. Nutanix Inc has a 1 year low of $14.38 and a 1 year high of $55.10. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, March 1st. The technology company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.06. The company had revenue of $286.70 million for the quarter, compared to analyst estimates of $283.22 million. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. The business’s revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.28) EPS. sell-side analysts predict that Nutanix Inc will post -1.59 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on NTNX shares. Robert W. Baird reaffirmed a “buy” rating and issued a $41.00 target price on shares of Nutanix in a report on Wednesday, January 3rd. Goldman Sachs started coverage on shares of Nutanix in a report on Wednesday, February 7th. They issued a “conviction-buy” rating and a $43.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $40.00 target price on shares of Nutanix in a report on Friday, December 1st. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Wednesday, December 6th. Finally, Vetr raised shares of Nutanix from a “buy” rating to a “strong-buy” rating and set a $38.98 price objective on the stock in a research note on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $46.52.
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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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