Wealthstreet Investment Advisors LLC increased its position in Nutanix Inc (NASDAQ:NTNX) by 125.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,710 shares of the technology company’s stock after purchasing an additional 17,110 shares during the quarter. Wealthstreet Investment Advisors LLC’s holdings in Nutanix were worth $1,312,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of NTNX. Frontier Capital Management Co. LLC raised its holdings in Nutanix by 2,191.0% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,095,297 shares of the technology company’s stock valued at $46,791,000 after acquiring an additional 1,047,488 shares during the period. FMR LLC raised its holdings in Nutanix by 5.4% in the 2nd quarter. FMR LLC now owns 17,727,613 shares of the technology company’s stock valued at $914,213,000 after acquiring an additional 900,523 shares during the period. Millennium Management LLC raised its holdings in Nutanix by 189.0% in the 2nd quarter. Millennium Management LLC now owns 1,005,004 shares of the technology company’s stock valued at $51,828,000 after acquiring an additional 657,294 shares during the period. First Trust Advisors LP raised its holdings in Nutanix by 213.3% in the 3rd quarter. First Trust Advisors LP now owns 809,399 shares of the technology company’s stock valued at $34,578,000 after acquiring an additional 551,052 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Nutanix by 14.7% in the 2nd quarter. Renaissance Technologies LLC now owns 3,068,900 shares of the technology company’s stock valued at $158,263,000 after acquiring an additional 392,700 shares during the period. 48.71% of the stock is currently owned by institutional investors.
In other Nutanix news, EVP David Sangster sold 7,916 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $55.75, for a total value of $441,317.00. Following the sale, the executive vice president now owns 7,916 shares in the company, valued at $441,317. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mcadam sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $51.46, for a total transaction of $771,900.00. Following the completion of the sale, the director now owns 84,648 shares in the company, valued at approximately $4,355,986.08. The disclosure for this sale can be found here. Insiders sold 39,204 shares of company stock worth $1,974,724 in the last 90 days. Company insiders own 19.81% of the company’s stock.
NASDAQ NTNX opened at $41.39 on Thursday. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.31. The company has a market cap of $6.80 billion, a P/E ratio of -24.34 and a beta of 0.65. Nutanix Inc has a 1 year low of $26.93 and a 1 year high of $64.87.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, August 30th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.37. The business had revenue of $303.75 million for the quarter, compared to analyst estimates of $298.30 million. Nutanix had a negative net margin of 25.72% and a negative return on equity of 92.86%. Equities analysts expect that Nutanix Inc will post -2.18 EPS for the current year.
NTNX has been the topic of several research analyst reports. Jefferies Financial Group cut shares of Nutanix from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a report on Friday, August 17th. Zacks Investment Research lowered shares of Nutanix from a “hold” rating to a “sell” rating in a research report on Friday, August 24th. Piper Jaffray Companies restated an “overweight” rating on shares of Nutanix in a research report on Monday, August 27th. JPMorgan Chase & Co. upgraded shares of Nutanix from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $39.00 to $54.00 in a research report on Thursday, August 30th. Finally, Raymond James increased their target price on shares of Nutanix from $64.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $57.55.
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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