Picton Mahoney Asset Management Acquires Shares of 26,100 Nutanix Inc (NTNX)

Picton Mahoney Asset Management acquired a new position in shares of Nutanix Inc (NASDAQ:NTNX) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 26,100 shares of the technology company’s stock, valued at approximately $1,115,000.

A number of other hedge funds have also recently bought and sold shares of NTNX. Truvestments Capital LLC bought a new position in Nutanix during the 3rd quarter worth $132,000. Tower Research Capital LLC TRC bought a new position in Nutanix during the 2nd quarter worth $174,000. Cerebellum GP LLC bought a new position in Nutanix during the 3rd quarter worth $188,000. First American Bank bought a new position in Nutanix during the 3rd quarter worth $210,000. Finally, AMP Capital Investors Ltd bought a new position in Nutanix during the 2nd quarter worth $232,000. Hedge funds and other institutional investors own 49.07% of the company’s stock.

Several research analysts have weighed in on the company. Piper Jaffray Companies reiterated an “overweight” rating on shares of Nutanix in a research report on Monday, August 27th. Zacks Investment Research upgraded Nutanix from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. Raymond James increased their price objective on Nutanix from $64.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Jefferies Financial Group cut Nutanix from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research report on Friday, August 17th. Finally, Morgan Stanley increased their price objective on Nutanix from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Friday, August 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $57.55.

Shares of NASDAQ NTNX opened at $43.57 on Friday. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.31. Nutanix Inc has a 52 week low of $28.18 and a 52 week high of $64.87.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, August 30th. The technology company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.37. Nutanix had a negative return on equity of 92.86% and a negative net margin of 25.72%. The company had revenue of $303.75 million for the quarter, compared to analysts’ expectations of $298.30 million. On average, research analysts anticipate that Nutanix Inc will post -2.18 earnings per share for the current year.

In related news, EVP David Sangster sold 7,916 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $55.75, for a total value of $441,317.00. Following the transaction, the executive vice president now owns 7,916 shares in the company, valued at $441,317. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Mcadam sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $51.46, for a total value of $771,900.00. Following the completion of the sale, the director now directly owns 84,648 shares in the company, valued at $4,355,986.08. The disclosure for this sale can be found here. Insiders sold 47,120 shares of company stock worth $2,311,629 in the last 90 days. 19.81% of the stock is owned by company insiders.

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Nutanix 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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Want to see what other hedge funds are holding NTNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutanix Inc (NASDAQ:NTNX).

Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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