Parallel Advisors LLC increased its position in shares of Nutanix Inc (NASDAQ:NTNX) by 228.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 782 shares of the technology company’s stock after purchasing an additional 544 shares during the period. Parallel Advisors LLC’s holdings in Nutanix were worth $32,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. First Hawaiian Bank bought a new position in shares of Nutanix in the fourth quarter valued at $35,000. We Are One Seven LLC bought a new position in shares of Nutanix in the fourth quarter valued at $50,000. Avestar Capital LLC increased its holdings in shares of Nutanix by 298.2% in the fourth quarter. Avestar Capital LLC now owns 1,521 shares of the technology company’s stock valued at $40,000 after buying an additional 1,139 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Nutanix by 320.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,565 shares of the technology company’s stock valued at $156,000 after buying an additional 1,955 shares in the last quarter. Finally, Evolution Wealth Advisors LLC bought a new position in shares of Nutanix in the fourth quarter valued at $126,000. 50.31% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ NTNX opened at $53.22 on Thursday. Nutanix Inc has a twelve month low of $34.59 and a twelve month high of $64.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.71 and a current ratio of 2.71.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Tuesday, November 27th. The technology company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.24). Nutanix had a negative return on equity of 87.09% and a negative net margin of 27.65%. The firm had revenue of $313.28 million for the quarter, compared to analysts’ expectations of $305.21 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities analysts forecast that Nutanix Inc will post -2.18 earnings per share for the current year.
In other news, Director John Mcadam sold 15,000 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $44.63, for a total transaction of $669,450.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Sangster sold 7,916 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $51.66, for a total transaction of $408,940.56. Following the transaction, the executive vice president now owns 7,916 shares in the company, valued at $408,940.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 257,959 shares of company stock worth $10,742,065. 14.57% of the stock is currently owned by corporate insiders.
Several research firms have issued reports on NTNX. Morgan Stanley raised Nutanix from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $57.00 to $58.00 in a report on Tuesday, January 15th. Wolfe Research began coverage on Nutanix in a report on Tuesday, December 11th. They issued an “outperform” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of Nutanix in a report on Wednesday, November 28th. Jefferies Financial Group dropped their price target on Nutanix to $48.00 and set a “hold” rating on the stock in a report on Wednesday, November 28th. Finally, Needham & Company LLC upped their price target on Nutanix from $71.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, November 28th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $60.73.
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Nutanix Company 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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