Shell Asset Management Co. Purchases Shares of 13,121 Nutanix Inc (NTNX)

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 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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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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