Nutanix Inc (NASDAQ:NTNX) CAO Kenneth W. Long III sold 32,002 shares of the company’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $54.36, for a total value of $1,739,628.72. Following the completion of the transaction, the chief accounting officer now directly owns 185,256 shares in the company, valued at approximately $10,070,516.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NTNX opened at $49.84 on Friday. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.38. Nutanix Inc has a 12-month low of $14.38 and a 12-month high of $55.25.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.06. Nutanix had a negative return on equity of 196.67% and a negative net margin of 33.34%. The company had revenue of $286.70 million for the quarter, compared to the consensus estimate of $283.22 million. During the same quarter in the prior year, the business earned ($0.28) EPS. Nutanix’s revenue was up 44.1% on a year-over-year basis. research analysts expect that Nutanix Inc will post -1.59 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System increased its holdings in Nutanix by 47.3% during the 3rd quarter. California State Teachers Retirement System now owns 90,900 shares of the technology company’s stock worth $2,035,000 after purchasing an additional 29,200 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Nutanix during the 3rd quarter worth about $441,000. Great West Life Assurance Co. Can increased its holdings in Nutanix by 1,837.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 71,700 shares of the technology company’s stock worth $1,602,000 after purchasing an additional 68,000 shares during the period. Cowen Prime Services LLC increased its holdings in Nutanix by 33.7% during the 4th quarter. Cowen Prime Services LLC now owns 20,450 shares of the technology company’s stock worth $721,000 after purchasing an additional 5,150 shares during the period. Finally, Nationwide Fund Advisors increased its holdings in Nutanix by 52.2% during the 3rd quarter. Nationwide Fund Advisors now owns 30,254 shares of the technology company’s stock worth $677,000 after purchasing an additional 10,382 shares during the period. Institutional investors own 44.26% of the company’s stock.
Several equities analysts have recently commented on NTNX shares. Maxim Group reaffirmed a “buy” rating and issued a $54.00 price target (up previously from $51.00) on shares of Nutanix in a research note on Friday, March 2nd. Oppenheimer reaffirmed a “buy” rating and issued a $43.00 price target on shares of Nutanix in a research note on Tuesday, January 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $41.00 price target on shares of Nutanix in a research note on Wednesday, January 3rd. Vetr lowered Nutanix from a “strong-buy” rating to a “buy” rating and set a $37.59 price target on the stock. in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $43.00 price target on shares of Nutanix in a research note on Friday, March 2nd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $48.05.
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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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