Nutanix Inc (NTNX) Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Nutanix Inc (NASDAQ:NTNX) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,167 shares of the technology company’s stock after selling 2,370 shares during the quarter. Rhumbline Advisers owned 0.06% of Nutanix worth $4,664,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of Nutanix during the 3rd quarter worth approximately $132,000. Tower Research Capital LLC TRC bought a new position in shares of Nutanix during the 2nd quarter worth approximately $174,000. Cerebellum GP LLC bought a new position in shares of Nutanix during the 3rd quarter worth approximately $188,000. First American Bank bought a new position in shares of Nutanix during the 3rd quarter worth approximately $210,000. Finally, AMP Capital Investors Ltd bought a new position in shares of Nutanix during the 2nd quarter worth approximately $232,000. 50.06% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP David Sangster sold 8,371 shares of Nutanix stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $49.81, for a total value of $416,959.51. Following the completion of the transaction, the executive vice president now directly owns 12,500 shares in the company, valued at approximately $622,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mcadam sold 15,000 shares of Nutanix stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $44.63, for a total transaction of $669,450.00. The disclosure for this sale can be found here. Insiders sold a total of 62,121 shares of company stock valued at $2,893,177 over the last quarter. 14.57% of the stock is owned by company insiders.

NTNX has been the topic of several recent analyst reports. Needham & Company LLC lifted their target price on shares of Nutanix from $71.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, November 28th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Nutanix from a “hold” rating to a “sell” rating in a research report on Friday, August 24th. Morgan Stanley lifted their price target on shares of Nutanix from $55.00 to $57.00 and gave the stock an “equal weight” rating in a report on Friday, August 31st. William Blair reaffirmed an “outperform” rating on shares of Nutanix in a report on Wednesday, November 28th. Finally, Raymond James lowered their price target on shares of Nutanix from $74.00 to $71.00 and set a “buy” rating on the stock in a report on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $59.74.

Nutanix stock opened at $42.28 on Friday. Nutanix Inc has a 1-year low of $29.34 and a 1-year 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 data on Tuesday, November 27th. The technology company reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.24). Nutanix had a negative net margin of 27.65% and a negative return on equity of 94.01%. The business had revenue of $313.28 million during the quarter, compared to analysts’ expectations of $305.21 million. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts predict that Nutanix Inc will post -2.19 EPS for the current year.

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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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