Oppenheimer Asset Management Inc. raised its position in Nutanix Inc (NASDAQ:NTNX) by 68.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 26,788 shares of the technology company’s stock after buying an additional 10,841 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Nutanix were worth $703,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Generation Investment Management LLP acquired a new position in shares of Nutanix during the 2nd quarter worth approximately $374,127,000. Eminence Capital LP acquired a new position in shares of Nutanix during the 2nd quarter worth approximately $99,453,000. ARK Investment Management LLC increased its holdings in shares of Nutanix by 651.0% during the 2nd quarter. ARK Investment Management LLC now owns 1,412,100 shares of the technology company’s stock worth $36,630,000 after acquiring an additional 1,224,081 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Nutanix by 167.4% during the 2nd quarter. First Trust Advisors LP now owns 1,952,096 shares of the technology company’s stock worth $50,637,000 after acquiring an additional 1,221,956 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Nutanix by 2,891.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,111,918 shares of the technology company’s stock worth $28,843,000 after acquiring an additional 1,074,748 shares during the last quarter. Hedge funds and other institutional investors own 63.71% of the company’s stock.
A number of research analysts recently weighed in on NTNX shares. Needham & Company LLC set a $46.00 target price on Nutanix and gave the stock a “buy” rating in a report on Thursday, August 22nd. Royal Bank of Canada reduced their price target on Nutanix from $39.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Stifel Nicolaus set a $22.00 price target on Nutanix and gave the company a “hold” rating in a research note on Friday, August 16th. Susquehanna Bancshares upgraded Nutanix from a “negative” rating to a “positive” rating and boosted their price target for the company from $23.00 to $45.00 in a research note on Monday, September 9th. Finally, William Blair restated a “buy” rating on shares of Nutanix in a research note on Thursday, August 29th. Ten analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $37.56.
Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, August 28th. The technology company reported ($0.96) EPS for the quarter, topping the consensus estimate of ($1.05) by $0.09. Nutanix had a negative return on equity of 172.43% and a negative net margin of 50.25%. The business had revenue of $299.90 million during the quarter, compared to analysts’ expectations of $293.49 million. During the same quarter last year, the firm posted ($0.11) earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Equities analysts anticipate that Nutanix Inc will post -4.39 earnings per share for the current fiscal year.
In other Nutanix news, CFO Duston Williams sold 19,610 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $26.71, for a total value of $523,783.10. Following the transaction, the chief financial officer now owns 218,596 shares in the company, valued at $5,838,699.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO David Sangster sold 5,852 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $26.71, for a total value of $156,306.92. Following the completion of the transaction, the chief operating officer now owns 32,703 shares in the company, valued at approximately $873,497.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,951 shares of company stock worth $933,541. Corporate insiders own 9.79% of the company’s stock.
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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