Sei Investments Co. increased its holdings in Nutanix Inc (NASDAQ:NTNX) by 29.8% during the 1st quarter, HoldingsChannel reports. The fund owned 18,227 shares of the technology company’s stock after acquiring an additional 4,187 shares during the quarter. Sei Investments Co.’s holdings in Nutanix were worth $895,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in NTNX. Delpha Capital Management LLC acquired a new stake in Nutanix during the fourth quarter valued at approximately $104,000. Thompson Davis & CO. Inc. raised its stake in Nutanix by 1,600.0% during the first quarter. Thompson Davis & CO. Inc. now owns 2,125 shares of the technology company’s stock valued at $104,000 after buying an additional 2,000 shares in the last quarter. Focused Wealth Management Inc raised its stake in Nutanix by 107.2% during the fourth quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock valued at $143,000 after buying an additional 2,100 shares in the last quarter. US Bancorp DE raised its stake in Nutanix by 850.6% during the fourth quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock valued at $168,000 after buying an additional 4,253 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in Nutanix by 97.6% during the first quarter. Thompson Siegel & Walmsley LLC now owns 4,150 shares of the technology company’s stock valued at $204,000 after buying an additional 2,050 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.
In related news, Director Michael Scarpelli sold 50,000 shares of the stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $60.99, for a total value of $3,049,500.00. Following the completion of the transaction, the director now directly owns 58,165 shares of the company’s stock, valued at approximately $3,547,483.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Duston Williams sold 300,000 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $54.13, for a total value of $16,239,000.00. The disclosure for this sale can be found here. Insiders sold a total of 705,843 shares of company stock valued at $38,521,870 over the last three months. Corporate insiders own 19.81% of the company’s stock.
Several analysts have issued reports on the company. KeyCorp restated a “buy” rating and set a $61.00 price objective on shares of Nutanix in a research note on Tuesday, March 13th. Jefferies Financial Group upped their price objective on Nutanix to $60.00 and gave the company a “buy” rating in a research note on Tuesday, March 13th. Stifel Nicolaus assumed coverage on Nutanix in a research note on Friday, March 9th. They set a “buy” rating and a $52.00 price objective on the stock. Robert W. Baird restated a “buy” rating and set a $61.00 price objective on shares of Nutanix in a research note on Thursday, May 10th. Finally, Wells Fargo & Co upped their price objective on Nutanix from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, June 25th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $52.18.
Shares of Nutanix opened at $51.57 on Friday, MarketBeat reports. Nutanix Inc has a 12-month low of $18.62 and a 12-month high of $64.87. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.05 and a quick ratio of 3.05.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data 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 return on equity of 126.21% and a negative net margin of 27.88%. The business had revenue of $289.40 million during the quarter, compared to the consensus estimate of $278.72 million. During the same period last year, the company earned ($0.42) earnings per share. The business’s quarterly revenue was up 40.7% compared to the same quarter last year. sell-side analysts anticipate that Nutanix Inc will post -1.74 EPS for the current fiscal year.
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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