Christopher J. Schaepe Sells 100,000 Shares of Nutanix Inc (NTNX) Stock

Nutanix Inc (NASDAQ:NTNX) major shareholder Christopher J. Schaepe sold 100,000 shares of the firm’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $48.14, for a total transaction of $4,814,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of NASDAQ:NTNX opened at $49.11 on Monday. The firm has a market capitalization of $8,069.17, a P/E ratio of -14.75 and a beta of 2.13. Nutanix Inc has a 52 week low of $14.38 and a 52 week high of $55.25. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10.

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Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, March 1st. The technology company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. The company had revenue of $286.70 million for the quarter, compared to analysts’ expectations of $283.22 million. During the same quarter last year, the company earned ($0.28) EPS. The firm’s revenue was up 44.1% compared to the same quarter last year. equities analysts forecast that Nutanix Inc will post -1.59 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Delpha Capital Management LLC purchased a new position in shares of Nutanix in the fourth quarter valued at about $104,000. Focused Wealth Management Inc increased its position in shares of Nutanix by 107.2% in the fourth quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock valued at $143,000 after acquiring an additional 2,100 shares during the period. US Bancorp DE increased its position in shares of 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 period. First American Bank purchased a new position in shares of Nutanix in the fourth quarter valued at about $207,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Nutanix in the fourth quarter valued at about $212,000. Hedge funds and other institutional investors own 44.26% of the company’s stock.

Several analysts have recently weighed in on the stock. Vetr upgraded shares of Nutanix from a “sell” rating to a “hold” rating and set a $47.69 price objective on the stock in a research report on Friday. KeyCorp restated a “buy” rating and set a $61.00 price objective on shares of Nutanix in a research report on Tuesday, March 13th. Morgan Stanley restated an “equal weight” rating and set a $52.00 price objective (up previously from $42.00) on shares of Nutanix in a research report on Tuesday, March 13th. Jefferies Group raised their price objective on shares of Nutanix to $60.00 and gave the company a “buy” rating in a research report on Tuesday, March 13th. Finally, Needham & Company LLC raised their price objective on shares of Nutanix from $48.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, March 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Nutanix presently has an average rating of “Buy” and a consensus price target of $48.12.

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Nutanix Company Profile

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

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