Goodwin Daniel L Invests $1.32 Million in Nutanix Inc (NTNX) Stock

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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 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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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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