Chartwell Investment Partners LLC increased its stake in shares of Nutanix Inc (NASDAQ:NTNX) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,959 shares of the technology company’s stock after purchasing an additional 390 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Nutanix were worth $451,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisory Services Network LLC lifted its holdings in shares of Nutanix by 26.6% during the fourth quarter. Advisory Services Network LLC now owns 1,203 shares of the technology company’s stock worth $50,000 after purchasing an additional 253 shares during the period. Checchi Capital Advisers LLC lifted its holdings in shares of Nutanix by 1.3% during the fourth quarter. Checchi Capital Advisers LLC now owns 26,325 shares of the technology company’s stock worth $1,095,000 after purchasing an additional 349 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Nutanix by 6.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,164 shares of the technology company’s stock worth $256,000 after purchasing an additional 378 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Nutanix by 1.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,878 shares of the technology company’s stock worth $993,000 after purchasing an additional 400 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Nutanix by 1.0% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 48,593 shares of the technology company’s stock worth $2,021,000 after purchasing an additional 471 shares during the period. 54.93% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP David Sangster sold 7,916 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $51.66, for a total value of $408,940.56. Following the completion of the transaction, the executive vice president now owns 7,916 shares in the company, valued at $408,940.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tyler Wall sold 12,132 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $41.23, for a total value of $500,202.36. The disclosure for this sale can be found here. In the last three months, insiders sold 42,965 shares of company stock valued at $1,794,076. 14.57% of the stock is owned by corporate insiders.
Several equities research analysts recently weighed in on NTNX shares. Bank of America reaffirmed a “buy” rating and set a $51.00 price target (down from $63.00) on shares of Nutanix in a report on Friday, March 1st. Morgan Stanley raised Nutanix from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $57.00 to $58.00 in a report on Tuesday, January 15th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nutanix in a report on Friday, March 1st. ValuEngine downgraded Nutanix from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, BTIG Research decreased their price target on Nutanix to $50.00 and set a “buy” rating for the company in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $54.69.
Nutanix stock opened at $41.07 on Wednesday. Nutanix Inc has a one year low of $32.52 and a one year high of $64.87. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.55 and a quick ratio of 2.55. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of -24.30 and a beta of 1.00.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, February 28th. The technology company reported ($0.55) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.02. Nutanix had a negative return on equity of 90.83% and a negative net margin of 31.41%. The company had revenue of $335.36 million during the quarter, compared to the consensus estimate of $331.04 million. On average, analysts predict that Nutanix Inc will post -2.95 earnings per share for the current year.
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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