Mizuho Securities USA LLC purchased a new position in Nutanix Inc (NASDAQ:NTNX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,700 shares of the technology company’s stock, valued at approximately $970,000.
Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new position in Nutanix in the 2nd quarter worth approximately $174,000. Cerebellum GP LLC purchased a new position in Nutanix in the 3rd quarter worth approximately $188,000. First American Bank purchased a new position in Nutanix in the 3rd quarter worth approximately $210,000. AMP Capital Investors Ltd purchased a new position in Nutanix in the 2nd quarter worth approximately $232,000. Finally, Cornerstone Wealth Management LLC purchased a new position in Nutanix in the 2nd quarter worth approximately $260,000. 49.44% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on NTNX. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Nutanix in a research note on Monday, August 27th. Jefferies Financial Group cut Nutanix from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research note on Friday, August 17th. JPMorgan Chase & Co. raised Nutanix from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $39.00 to $54.00 in a research note on Thursday, August 30th. Susquehanna Bancshares reissued a “negative” rating and set a $33.00 target price (down from $55.00) on shares of Nutanix in a research note on Monday, September 24th. Finally, Raymond James boosted their target price on Nutanix from $64.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.55.
In related news, EVP David Sangster sold 7,916 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $55.75, for a total value of $441,317.00. Following the sale, the executive vice president now directly owns 7,916 shares of the company’s stock, valued at $441,317. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $51.46, for a total value of $771,900.00. Following the completion of the sale, the director now directly owns 84,648 shares in the company, valued at $4,355,986.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,204 shares of company stock worth $1,974,724. 19.81% of the stock is owned by insiders.
Shares of NTNX traded down $1.32 during mid-day trading on Thursday, hitting $40.97. 1,682,000 shares of the company’s stock traded hands, compared to its average volume of 3,625,584. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.76 and a current ratio of 2.76. Nutanix Inc has a 1 year low of $25.50 and a 1 year high of $64.87. The stock has a market capitalization of $7.39 billion, a PE ratio of -24.73 and a beta of 0.69.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, August 30th. The technology company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.37. The company had revenue of $303.75 million for the quarter, compared to analysts’ expectations of $298.30 million. Nutanix had a negative return on equity of 92.86% and a negative net margin of 25.72%. Research analysts forecast that Nutanix Inc will post -2.18 EPS for the current fiscal year.
Nutanix Company Profile
Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.
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