Scott & Selber Inc. acquired a new stake in Nutanix Inc. (NASDAQ:NTNX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 62,443 shares of the technology company’s stock, valued at approximately $1,398,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Nutanix by 31.0% during the first quarter. Bank of New York Mellon Corp now owns 42,718 shares of the technology company’s stock worth $802,000 after purchasing an additional 10,119 shares during the last quarter. Vanguard Group Inc. lifted its stake in Nutanix by 65.5% during the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock worth $61,480,000 after purchasing an additional 1,295,813 shares during the last quarter. Geode Capital Management LLC lifted its stake in Nutanix by 12.2% during the first quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock worth $2,430,000 after purchasing an additional 14,097 shares during the last quarter. Morgan Stanley lifted its stake in Nutanix by 1,096.4% during the first quarter. Morgan Stanley now owns 249,427 shares of the technology company’s stock worth $4,682,000 after purchasing an additional 228,579 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Nutanix by 54.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 40,683 shares of the technology company’s stock worth $764,000 after purchasing an additional 14,371 shares during the last quarter. Institutional investors and hedge funds own 31.48% of the company’s stock.
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Shares of Nutanix Inc. (NASDAQ:NTNX) traded up $0.25 during trading hours on Friday, hitting $28.87. The stock had a trading volume of 1,997,500 shares, compared to its average volume of 3,074,125. Nutanix Inc. has a twelve month low of $14.38 and a twelve month high of $34.96.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $226.10 million for the quarter, compared to the consensus estimate of $216.00 million. Nutanix’s quarterly revenue was up 61.7% compared to the same quarter last year. sell-side analysts anticipate that Nutanix Inc. will post -2.19 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the company. ValuEngine cut Nutanix from a “hold” rating to a “sell” rating in a research note on Thursday. Vetr lowered Nutanix from a “strong-buy” rating to a “buy” rating and set a $31.00 price target on the stock. in a research report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $28.00 price target on shares of Nutanix in a research report on Thursday, September 14th. Maxim Group reaffirmed a “buy” rating and set a $41.00 price target on shares of Nutanix in a research report on Friday, September 1st. Finally, Jefferies Group LLC began coverage on Nutanix in a report on Thursday, August 17th. They issued a “buy” rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Nutanix currently has an average rating of “Buy” and a consensus price target of $30.25.
In other news, EVP David Sangster sold 5,891 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $22.39, for a total value of $131,899.49. Following the sale, the executive vice president now directly owns 89,000 shares in the company, valued at $1,992,710. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Rajiv Mirani sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $21.55, for a total value of $431,000.00. Following the completion of the sale, the senior vice president now owns 271,000 shares in the company, valued at $5,840,050. The disclosure for this sale can be found here. Insiders sold 536,891 shares of company stock worth $12,537,319 over the last 90 days.
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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