Covenant Multifamily Offices LLC acquired a new stake in Nutanix Inc (NASDAQ:NTNX) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,500 shares of the technology company’s stock, valued at approximately $57,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Midwest Bank Trust Division increased its position in shares of Nutanix by 1,451.1% in the first quarter. First Midwest Bank Trust Division now owns 151,434 shares of the technology company’s stock valued at $5,715,000 after acquiring an additional 141,671 shares during the last quarter. SG Americas Securities LLC bought a new position in Nutanix during the first quarter worth about $108,000. Nepsis Inc. bought a new position in Nutanix during the first quarter worth about $4,519,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Nutanix during the first quarter worth about $1,020,000. Finally, Virginia Retirement Systems ET AL grew its holdings in Nutanix by 1.9% during the first quarter. Virginia Retirement Systems ET AL now owns 16,000 shares of the technology company’s stock worth $604,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 52.85% of the company’s stock.
NTNX traded down $2.01 during trading on Wednesday, reaching $36.61. 2,829,475 shares of the stock traded hands, compared to its average volume of 3,696,488. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $7.00 billion, a P/E ratio of -21.66 and a beta of 1.07. Nutanix Inc has a 12 month low of $32.52 and a 12 month high of $64.87.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, February 28th. The technology company reported ($0.55) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.57) by $0.02. The business had revenue of $335.36 million for 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%. As a group, research analysts predict that Nutanix Inc will post -2.95 EPS for the current fiscal year.
In other news, Director John Mcadam sold 15,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $40.00, for a total transaction of $600,000.00. Following the transaction, the director now owns 54,024 shares of the company’s stock, valued at approximately $2,160,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tyler Wall sold 12,132 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $41.23, for a total transaction of $500,202.36. The disclosure for this sale can be found here. Insiders have sold a total of 35,049 shares of company stock worth $1,385,135 in the last three months. Insiders own 14.57% of the company’s stock.
A number of equities research analysts have recently issued reports on NTNX shares. Wells Fargo & Co cut Nutanix from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $70.00 to $45.00 in a report on Friday, March 1st. Jefferies Financial Group restated a “hold” rating on shares of Nutanix in a report on Friday, March 1st. Stifel Nicolaus cut Nutanix from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $39.00 in a report on Friday, March 1st. Maxim Group cut their price target on Nutanix from $72.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $63.00 price target (down from $76.00) on shares of Nutanix in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $53.31.
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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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