Gilder Gagnon Howe & Co. LLC Has $242,000 Stake in Nutanix Inc (NTNX)

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.

About Nutanix

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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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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