The Manufacturers Life Insurance Company raised its holdings in Nutanix Inc (NASDAQ:NTNX) by 79.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,085 shares of the technology company’s stock after acquiring an additional 36,793 shares during the quarter. The Manufacturers Life Insurance Company owned 0.05% of Nutanix worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NTNX. Trinity Street Asset Management LLP acquired a new stake in Nutanix during the 4th quarter worth about $29,363,000. Cramer Rosenthal Mcglynn LLC acquired a new stake in Nutanix during the 3rd quarter worth about $14,668,000. State Street Corp raised its holdings in Nutanix by 146.7% during the 2nd quarter. State Street Corp now owns 547,995 shares of the technology company’s stock worth $11,042,000 after buying an additional 325,821 shares during the period. First Trust Advisors LP acquired a new stake in Nutanix during the 4th quarter worth about $6,915,000. Finally, Bedell Frazier Investment Counseling LLC acquired a new stake in Nutanix during the 3rd quarter worth about $4,375,000. Hedge funds and other institutional investors own 44.29% of the company’s stock.
In related news, VP Kenneth W. Long III sold 60,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $35.87, for a total value of $2,152,200.00. Following the transaction, the vice president now owns 176,171 shares in the company, valued at $6,319,253.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $38.73, for a total value of $1,549,200.00. The disclosure for this sale can be found here. Insiders sold 2,808,918 shares of company stock worth $104,706,913 in the last 90 days. 19.81% of the stock is currently owned by corporate insiders.
Nutanix Inc (NASDAQ:NTNX) opened at $53.04 on Wednesday. The firm has a market capitalization of $8,920.00 and a PE ratio of -24.67. Nutanix Inc has a twelve month low of $14.38 and a twelve month high of $53.67.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. Nutanix had a negative return on equity of 270.61% and a negative net margin of 33.34%. The company had revenue of $286.70 million for the quarter, compared to the consensus estimate of $283.22 million. During the same quarter in the prior year, the company earned ($0.28) EPS. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. equities research analysts expect that Nutanix Inc will post -1.59 earnings per share for the current year.
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Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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