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.
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, 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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