Picton Mahoney Asset Management purchased a new stake in Nutanix Inc (NASDAQ:NTNX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 26,100 shares of the technology company’s stock, valued at approximately $1,115,000.
Several other hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in Nutanix during the 3rd quarter worth approximately $132,000. Tower Research Capital LLC TRC bought a new stake in Nutanix during the 2nd quarter worth approximately $174,000. Cerebellum GP LLC bought a new stake in Nutanix during the 3rd quarter worth approximately $188,000. AMP Capital Investors Ltd bought a new stake in Nutanix during the 2nd quarter worth approximately $232,000. Finally, First American Bank bought a new stake in Nutanix during the 3rd quarter worth approximately $210,000. 49.07% of the stock is owned by institutional investors.
A number of research firms recently issued reports on NTNX. Raymond James lowered their target price on Nutanix from $74.00 to $71.00 and set a “buy” rating for the company in a research note on Tuesday, September 25th. Morgan Stanley increased their target price on Nutanix from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Friday, August 31st. Zacks Investment Research raised Nutanix from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. Susquehanna Bancshares reaffirmed a “negative” rating and set a $33.00 price target (down previously from $55.00) on shares of Nutanix in a research report on Monday, September 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $71.00 price target on shares of Nutanix in a research report on Wednesday, September 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $57.55.
NASDAQ:NTNX opened at $43.57 on Friday. Nutanix Inc has a twelve month low of $28.18 and a twelve month high of $64.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.76 and a quick ratio of 2.76.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, August 30th. The technology company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.37. The firm had revenue of $303.75 million during the quarter, compared to the consensus estimate of $298.30 million. Nutanix had a negative return on equity of 92.86% and a negative net margin of 25.72%. Equities research analysts forecast that Nutanix Inc will post -2.18 EPS for the current fiscal year.
In other news, EVP David Sangster sold 7,916 shares of the 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 of the company’s stock, valued at approximately $441,317. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Mcadam sold 15,000 shares of the 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 directly 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 three months, insiders sold 47,120 shares of company stock valued at $2,311,629. 19.81% 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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