The Manufacturers Life Insurance Company grew its position in shares of Nutanix Inc (NASDAQ:NTNX) by 235.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 278,490 shares of the technology company’s stock after buying an additional 195,405 shares during the quarter. The Manufacturers Life Insurance Company owned 0.17% of Nutanix worth $13,676,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of NTNX. BlackRock Inc. lifted its position in shares of Nutanix by 89.6% during the 4th quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company’s stock worth $207,282,000 after buying an additional 2,776,194 shares in the last quarter. Contour Asset Management LLC bought a new position in shares of Nutanix during the 4th quarter worth approximately $35,868,000. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Nutanix by 124.9% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,473,512 shares of the technology company’s stock worth $51,986,000 after buying an additional 818,378 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Nutanix by 151.4% in the 1st 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 during the period. Finally, Cavalry Management Group LLC bought a new stake in shares of Nutanix in the 1st quarter worth approximately $26,925,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the stock. Wells Fargo & Co lifted their price target on shares of Nutanix from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday. KeyCorp lifted their price target on shares of Nutanix from $64.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday. Royal Bank of Canada lifted their price target on shares of Nutanix to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, June 13th. Zacks Investment Research cut shares of Nutanix from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, FBN Securities lifted their price target on shares of Nutanix from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, May 29th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and twenty have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $52.18.
Shares of NTNX stock opened at $51.64 on Tuesday. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.19. Nutanix Inc has a 1 year low of $18.60 and a 1 year high of $64.87. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of -15.51 and a beta of 0.40.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, May 24th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). Nutanix had a negative net margin of 27.88% and a negative return on equity of 126.21%. The business had revenue of $289.40 million for the quarter, compared to the consensus estimate of $278.72 million. During the same period in the previous year, the firm earned ($0.42) EPS. The company’s revenue was up 40.7% compared to the same quarter last year. sell-side analysts expect that Nutanix Inc will post -1.74 EPS for the current fiscal year.
In other Nutanix news, major shareholder Christopher J. Schaepe sold 100,000 shares of the business’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $48.14, for a total transaction of $4,814,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Scarpelli sold 50,000 shares of the business’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $60.99, for a total transaction of $3,049,500.00. Following the sale, the director now directly owns 58,165 shares in the company, valued at approximately $3,547,483.35. The disclosure for this sale can be found here. Insiders have sold a total of 805,843 shares of company stock worth $43,335,870 in the last three months. Insiders own 19.81% of the company’s stock.
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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