26,100 Shares in Nutanix Inc (NTNX) Purchased by Picton Mahoney Asset Management

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 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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