Janney Montgomery Scott LLC Grows Position in Nutanix Inc (NASDAQ:NTNX)

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Janney Montgomery Scott LLC grew its stake in shares of Nutanix Inc (NASDAQ:NTNX) by 50.1% in the third quarter, HoldingsChannel.com reports. The firm owned 28,851 shares of the technology company’s stock after buying an additional 9,627 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Nutanix were worth $757,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NTNX. AdvisorNet Financial Inc lifted its stake in Nutanix by 8,992.3% in the second quarter. AdvisorNet Financial Inc now owns 1,182 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,169 shares during the period. Advisory Services Network LLC lifted its stake in Nutanix by 986.7% in the second quarter. Advisory Services Network LLC now owns 2,771 shares of the technology company’s stock worth $71,000 after acquiring an additional 2,516 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in Nutanix by 31.9% in the second quarter. Creative Financial Designs Inc. ADV now owns 2,995 shares of the technology company’s stock worth $78,000 after acquiring an additional 725 shares during the period. Compagnie Lombard Odier SCmA lifted its stake in Nutanix by 6,428.6% in the second quarter. Compagnie Lombard Odier SCmA now owns 3,656 shares of the technology company’s stock worth $94,000 after acquiring an additional 3,600 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in Nutanix by 62.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,166 shares of the technology company’s stock worth $107,000 after acquiring an additional 1,601 shares during the period. 63.57% of the stock is owned by hedge funds and other institutional investors.

In other Nutanix news, COO David Sangster sold 5,852 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $26.71, for a total transaction of $156,306.92. Following the completion of the transaction, the chief operating officer now owns 32,703 shares of the company’s stock, valued at $873,497.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dheeraj Pandey sold 9,489 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $26.71, for a total value of $253,451.19. Following the transaction, the chief executive officer now owns 250,975 shares of the company’s stock, valued at $6,703,542.25. The disclosure for this sale can be found here. Insiders have sold 34,951 shares of company stock valued at $933,541 in the last three months. Insiders own 9.79% of the company’s stock.

Nutanix stock traded up $0.12 on Tuesday, hitting $27.90. 21,301 shares of the stock traded hands, compared to its average volume of 2,336,475. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.46. The firm has a market cap of $5.28 billion, a P/E ratio of -8.76 and a beta of 1.32. The business’s fifty day simple moving average is $26.74 and its 200 day simple moving average is $27.52. Nutanix Inc has a 1 year low of $17.74 and a 1 year high of $54.68.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.96) EPS for the quarter, beating the consensus estimate of ($1.05) by $0.09. The business had revenue of $299.90 million during the quarter, compared to analyst estimates of $293.49 million. Nutanix had a negative return on equity of 172.43% and a negative net margin of 50.25%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.11) earnings per share. As a group, analysts predict that Nutanix Inc will post -4.39 earnings per share for the current year.

A number of analysts recently commented on NTNX shares. UBS Group raised Nutanix to a “positive” rating and raised their price target for the stock from $23.00 to $45.00 in a research note on Monday, September 9th. Robert W. Baird set a $29.00 price target on Nutanix and gave the stock a “buy” rating in a research note on Friday, September 13th. ValuEngine raised Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Morgan Stanley dropped their price target on Nutanix from $35.00 to $29.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Finally, Needham & Company LLC set a $46.00 price target on Nutanix and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Ten analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned 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 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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Want to see what other hedge funds are holding NTNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutanix Inc (NASDAQ:NTNX).

Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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