Shell Asset Management Co. purchased a new position in shares of Nutanix Inc (NASDAQ:NTNX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,121 shares of the technology company’s stock, valued at approximately $561,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Credit Suisse AG increased its position in Nutanix by 28.0% in the 3rd quarter. Credit Suisse AG now owns 131,561 shares of the technology company’s stock valued at $5,620,000 after acquiring an additional 28,777 shares during the period. DekaBank Deutsche Girozentrale increased its position in Nutanix by 320.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,565 shares of the technology company’s stock valued at $156,000 after acquiring an additional 1,955 shares during the period. FIL Ltd acquired a new position in Nutanix in the 3rd quarter valued at about $4,670,000. Bank of New York Mellon Corp increased its position in Nutanix by 6.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 372,752 shares of the technology company’s stock valued at $15,923,000 after acquiring an additional 22,886 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in Nutanix in the 3rd quarter valued at about $1,961,000. 50.06% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Nutanix from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $39.00 to $54.00 in a research report on Thursday, August 30th. Needham & Company LLC boosted their price target on Nutanix from $65.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Raymond James boosted their price target on Nutanix from $64.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Morgan Stanley boosted their price target on Nutanix from $55.00 to $57.00 and gave the company an “equal weight” rating in a research report on Friday, August 31st. Finally, Zacks Investment Research upgraded Nutanix from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $59.74.
NASDAQ NTNX opened at $42.28 on Friday. 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 12-month low of $29.34 and a 12-month high of $64.87. The company has a market cap of $7.68 billion, a price-to-earnings ratio of -25.02 and a beta of 0.67.
Nutanix (NASDAQ:NTNX) last released its earnings results on Tuesday, November 27th. The technology company reported ($0.51) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.24). Nutanix had a negative return on equity of 94.01% and a negative net margin of 27.65%. The business had revenue of $313.28 million for the quarter, compared to analyst estimates of $305.21 million. During the same quarter in the previous year, the firm posted ($0.16) EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, equities research analysts forecast that Nutanix Inc will post -2.19 EPS for the current year.
In other news, EVP David Sangster sold 8,371 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $49.81, for a total transaction of $416,959.51. Following the sale, the executive vice president now owns 12,500 shares of the company’s stock, valued at approximately $622,625. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Mcadam sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 84,648 shares in the company, valued at approximately $4,355,986.08. The disclosure for this sale can be found here. Insiders have sold a total of 62,121 shares of company stock worth $2,893,177 in the last quarter. 14.57% of the stock is currently owned by insiders.
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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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