Goodwin Daniel L bought a new stake in shares of Nutanix Inc (NASDAQ:NTNX) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 35,000 shares of the technology company’s stock, valued at approximately $1,322,000. Nutanix accounts for about 0.6% of Goodwin Daniel L’s investment portfolio, making the stock its 22nd largest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC lifted its position in Nutanix by 13.0% during the fourth quarter. FMR LLC now owns 19,000,669 shares of the technology company’s stock valued at $790,238,000 after purchasing an additional 2,179,982 shares during the period. Vanguard Group Inc. raised its position in shares of Nutanix by 3.7% in the third quarter. Vanguard Group Inc. now owns 10,774,780 shares of the technology company’s stock worth $460,298,000 after acquiring an additional 387,316 shares during the period. Vanguard Group Inc raised its position in shares of Nutanix by 3.7% in the third quarter. Vanguard Group Inc now owns 10,774,780 shares of the technology company’s stock worth $460,298,000 after acquiring an additional 387,316 shares during the period. BlackRock Inc. raised its position in shares of Nutanix by 26.0% in the fourth quarter. BlackRock Inc. now owns 4,967,842 shares of the technology company’s stock worth $206,611,000 after acquiring an additional 1,024,789 shares during the period. Finally, Frontier Capital Management Co. LLC raised its position in shares of Nutanix by 136.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,587,285 shares of the technology company’s stock worth $107,605,000 after acquiring an additional 1,491,988 shares during the period. Institutional investors own 54.93% of the company’s stock.
In other news, insider Tyler Wall sold 12,132 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $41.23, for a total transaction of $500,202.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mcadam sold 15,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $40.00, for a total transaction of $600,000.00. Following the sale, the director now directly owns 54,024 shares of the company’s stock, valued at approximately $2,160,960. The disclosure for this sale can be found here. Insiders have sold 42,965 shares of company stock valued at $1,794,076 in the last three months. Corporate insiders own 14.57% of the company’s stock.
NTNX has been the subject of a number of analyst reports. Bank of America reiterated a “buy” rating and issued a $51.00 price objective (down previously from $63.00) on shares of Nutanix in a research report on Friday, March 1st. Morgan Stanley upgraded shares of Nutanix from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $57.00 to $58.00 in a research report on Tuesday, January 15th. Jefferies Financial Group reiterated a “hold” rating on shares of Nutanix in a research report on Friday, March 1st. ValuEngine downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, BTIG Research decreased their price objective on shares of Nutanix to $50.00 and set a “buy” rating for the company in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. Nutanix presently has a consensus rating of “Buy” and an average price target of $54.69.
Shares of NTNX stock traded up $0.48 on Wednesday, reaching $41.55. 53,834 shares of the company were exchanged, compared to its average volume of 4,422,598. The stock has a market capitalization of $7.48 billion, a P/E ratio of -24.75 and a beta of 0.99. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.15. Nutanix Inc has a 1 year low of $32.52 and a 1 year high of $64.87.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, February 28th. The technology company reported ($0.55) EPS for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.02. The business had revenue of $335.36 million during the quarter, compared to analysts’ expectations of $331.04 million. Nutanix had a negative net margin of 31.41% and a negative return on equity of 90.83%. On average, analysts expect that Nutanix Inc will post -2.95 earnings per share 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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