Rhumbline Advisers grew its holdings in Nutanix (NASDAQ:NTNX) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,523 shares of the technology company’s stock after purchasing an additional 1,595 shares during the quarter. Rhumbline Advisers owned about 0.06% of Nutanix worth $4,986,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its stake in Nutanix by 89.6% in the fourth quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company’s stock worth $207,282,000 after purchasing an additional 2,776,194 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in Nutanix by 124.9% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,473,512 shares of the technology company’s stock worth $51,986,000 after purchasing an additional 818,378 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Nutanix by 151.4% in the first quarter. Wells Fargo & Company MN now owns 1,215,168 shares of the technology company’s stock worth $59,677,000 after purchasing an additional 731,841 shares in the last quarter. Contour Asset Management LLC acquired a new position in Nutanix in the fourth quarter worth $35,868,000. Finally, Teachers Advisors LLC boosted its stake in Nutanix by 30.1% in the fourth quarter. Teachers Advisors LLC now owns 787,025 shares of the technology company’s stock worth $27,766,000 after purchasing an additional 182,284 shares in the last quarter. 52.67% of the stock is currently owned by institutional investors.
In other Nutanix news, CAO Kenneth W. Long III sold 32,002 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $54.36, for a total value of $1,739,628.72. Following the transaction, the chief accounting officer now owns 185,256 shares of the company’s stock, valued at $10,070,516.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $58.41, for a total value of $2,336,400.00. Following the completion of the transaction, the president now directly owns 207,247 shares in the company, valued at approximately $12,105,297.27. The disclosure for this sale can be found here. Insiders sold 2,458,246 shares of company stock worth $100,745,663 in the last three months. Insiders own 19.81% of the company’s stock.
Shares of Nutanix opened at $56.28 on Thursday, according to MarketBeat. 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 has a 12-month low of $16.64 and a 12-month high of $60.00. The firm has a market cap of $9.31 billion, a PE ratio of -16.90 and a beta of 0.38.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, beating the 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 firm had revenue of $286.70 million for the quarter, compared to analyst estimates of $283.22 million. During the same quarter in the prior year, the firm posted ($0.28) earnings per share. The company’s quarterly revenue was up 44.1% on a year-over-year basis. research analysts anticipate that Nutanix will post -1.59 EPS for the current fiscal year.
NTNX has been the topic of a number of recent analyst reports. Vetr lowered Nutanix from a “buy” rating to a “sell” rating and set a $31.98 price objective on the stock. in a research note on Tuesday, February 20th. Wells Fargo & Co boosted their price objective on Nutanix from $43.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, March 2nd. BTIG Research raised Nutanix from a “neutral” rating to a “buy” rating in a research note on Friday, March 9th. Zacks Investment Research lowered Nutanix from a “hold” rating to a “sell” rating in a research note on Tuesday, May 15th. Finally, Goldman Sachs Group lowered Nutanix from a “conviction-buy” rating to a “buy” rating in a research note on Friday, March 23rd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and nineteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $50.41.
Nutanix Company Profile
Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.
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