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, 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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