PNC Financial Services Group Inc. lessened its holdings in Nutanix Inc (NASDAQ:NTNX) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,990 shares of the technology company’s stock after selling 880 shares during the period. PNC Financial Services Group Inc.’s holdings in Nutanix were worth $540,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in NTNX. Schwab Charles Investment Management Inc. grew its position in Nutanix by 80.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 359,150 shares of the technology company’s stock valued at $12,671,000 after acquiring an additional 159,645 shares during the last quarter. Comerica Bank bought a new position in Nutanix in the fourth quarter valued at about $1,036,000. US Bancorp DE grew its position in Nutanix by 850.6% in the fourth quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock valued at $168,000 after acquiring an additional 4,253 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Nutanix during the fourth quarter worth about $773,000. Finally, California Public Employees Retirement System bought a new stake in shares of Nutanix during the fourth quarter worth about $3,796,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.
In other Nutanix news, major shareholder Christopher J. Schaepe sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $48.14, for a total value of $4,814,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Sangster sold 7,917 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $48.04, for a total value of $380,332.68. Following the completion of the transaction, the executive vice president now directly owns 7,917 shares in the company, valued at $380,332.68. The disclosure for this sale can be found here. Insiders sold 805,843 shares of company stock worth $43,335,870 over the last quarter. 19.81% of the stock is currently owned by company insiders.
Shares of NTNX stock opened at $54.34 on Friday. Nutanix Inc has a one year low of $18.51 and a one year high of $64.87. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.19.
Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, May 24th. The technology company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.02). Nutanix had a negative net margin of 27.88% and a negative return on equity of 126.21%. The company had revenue of $289.40 million during the quarter, compared to the consensus estimate of $278.72 million. During the same quarter in the previous year, the company earned ($0.42) earnings per share. The business’s revenue was up 40.7% on a year-over-year basis. equities research analysts predict that Nutanix Inc will post -1.74 earnings per share for the current year.
Several analysts have recently weighed in on NTNX shares. KeyCorp boosted their price target on Nutanix from $64.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday. Needham & Company LLC boosted their price target on Nutanix to $65.00 and gave the stock a “buy” rating in a report on Tuesday, May 22nd. They noted that the move was a valuation call. Piper Jaffray Companies restated an “overweight” rating and set a $57.00 price target on shares of Nutanix in a report on Tuesday, March 13th. Zacks Investment Research cut Nutanix from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $64.00 price target (up from $52.00) on shares of Nutanix in a report on Sunday, April 22nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the company’s stock. Nutanix has an average rating of “Buy” and a consensus price target of $51.96.
Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.
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