Thompson Siegel & Walmsley LLC acquired a new position in shares of Nutanix Inc. (NASDAQ:NTNX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,900 shares of the technology company’s stock, valued at approximately $461,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Blair William & Co. IL acquired a new stake in shares of Nutanix during the 1st quarter valued at about $342,000. Geode Capital Management LLC lifted its holdings in shares of Nutanix by 12.2% during the 1st quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock valued at $2,430,000 after buying an additional 14,097 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Nutanix during the 1st quarter valued at about $546,000. AlpInvest Partners B.V. acquired a new stake in shares of Nutanix during the 1st quarter valued at about $962,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of Nutanix during the 2nd quarter valued at about $8,215,000. Hedge funds and other institutional investors own 32.20% of the company’s stock.
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In other news, insider Sunil Potti sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $20.00, for a total value of $600,000.00. Following the completion of the sale, the insider now directly owns 114,165 shares of the company’s stock, valued at $2,283,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey T. Parks sold 1,234,822 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $21.97, for a total value of $27,129,039.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,273,724 shares of company stock valued at $48,631,825.
NTNX has been the subject of several research reports. BTIG Research reiterated a “hold” rating and set a $22.00 price target on shares of Nutanix in a report on Friday, September 1st. Zacks Investment Research upgraded Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, September 8th. Bank of America Corporation reiterated a “buy” rating and set a $27.00 price target on shares of Nutanix in a report on Tuesday, May 30th. JMP Securities reiterated an “outperform” rating and set a $35.00 price target on shares of Nutanix in a report on Sunday, September 3rd. Finally, Credit Suisse Group reiterated a “buy” rating and set a $38.00 price target on shares of Nutanix in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $31.05.
Nutanix Inc. (NTNX) opened at 24.50 on Friday. Nutanix Inc. has a 12 month low of $21.21 and a 12 month high of $46.78. The company’s market capitalization is $3.74 billion. The firm has a 50-day moving average price of $21.91 and a 200 day moving average price of $21.91.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The company had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216.00 million. Nutanix’s revenue was up 61.7% on a year-over-year basis. Analysts expect that Nutanix Inc. will post ($0.97) EPS for the current year.
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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