Gilder Gagnon Howe & Co. LLC cut its stake in shares of Nutanix Inc (NASDAQ:NTNX) by 82.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,670 shares of the technology company’s stock after selling 27,195 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Nutanix were worth $242,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in NTNX. Truvestments Capital LLC acquired a new position in shares of Nutanix during the third quarter worth about $132,000. Tower Research Capital LLC TRC acquired a new position in shares of Nutanix during the second quarter worth about $174,000. Cerebellum GP LLC acquired a new position in shares of Nutanix during the third quarter worth about $188,000. First American Bank acquired a new position in shares of Nutanix during the third quarter worth about $210,000. Finally, AMP Capital Investors Ltd acquired a new position in shares of Nutanix during the second quarter worth about $232,000. 48.71% of the stock is owned by institutional investors and hedge funds.
Shares of NTNX opened at $43.09 on Friday. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.31. Nutanix Inc has a 52-week low of $26.97 and a 52-week high of $64.87.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, August 30th. The technology company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.37. Nutanix had a negative return on equity of 92.86% and a negative net margin of 25.72%. The company had revenue of $303.75 million during the quarter, compared to analysts’ expectations of $298.30 million. On average, analysts predict that Nutanix Inc will post -2.18 EPS for the current fiscal year.
In other Nutanix news, EVP David Sangster sold 7,916 shares of the business’s stock in a transaction that occurred 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 completion of 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 SEC, which is available through this link. Also, Director John Mcadam sold 15,000 shares of the business’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 value of $771,900.00. Following the completion of the sale, the director now owns 84,648 shares of the company’s stock, valued at approximately $4,355,986.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,120 shares of company stock valued at $2,311,629. 19.81% of the stock is owned by company insiders.
A number of equities analysts have recently commented on the company. Piper Jaffray Companies reissued an “overweight” rating on shares of Nutanix in a research report on Monday, August 27th. Zacks Investment Research raised Nutanix from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. Raymond James upped their price target on Nutanix from $64.00 to $74.00 and gave the company a “buy” rating in a report on Friday, August 31st. Jefferies Financial Group downgraded Nutanix from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a report on Friday, August 17th. Finally, Morgan Stanley upped their price target on Nutanix from $55.00 to $57.00 and gave the company an “equal weight” rating in a 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 assigned a buy rating to the stock. The stock presently has an average 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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