Rehmann Capital Advisory Group boosted its position in shares of Nutanix Inc (NASDAQ:NTNX) by 25.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,324 shares of the technology company’s stock after acquiring an additional 2,679 shares during the period. Rehmann Capital Advisory Group’s holdings in Nutanix were worth $687,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of NTNX. Tower Research Capital LLC TRC acquired a new position in Nutanix during the 2nd quarter valued at approximately $174,000. Aperio Group LLC acquired a new position in Nutanix during the 1st quarter valued at approximately $205,000. AMP Capital Investors Ltd acquired a new position in Nutanix during the 2nd quarter valued at approximately $232,000. People s United Financial Inc. acquired a new position in Nutanix during the 2nd quarter valued at approximately $271,000. Finally, Public Employees Retirement Association of Colorado increased its stake in Nutanix by 247.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,546 shares of the technology company’s stock valued at $286,000 after purchasing an additional 3,948 shares in the last quarter. 49.44% of the stock is owned by institutional investors.
NTNX stock traded up $2.87 during midday trading on Friday, hitting $41.46. 3,218,893 shares of the stock traded hands, compared to its average volume of 3,653,003. The firm has a market cap of $7.39 billion, a PE ratio of -24.53 and a beta of 0.69. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.76 and a current ratio of 2.76. Nutanix Inc has a 1-year low of $25.50 and a 1-year high of $64.87.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, August 30th. The technology company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.37. The company had revenue of $303.75 million for the quarter, compared to analyst estimates of $298.30 million. Nutanix had a negative net margin of 25.72% and a negative return on equity of 92.86%. Research analysts predict that Nutanix Inc will post -2.18 earnings per share for the current fiscal year.
A number of brokerages have issued reports on NTNX. JPMorgan Chase & Co. upgraded shares of Nutanix from an “underweight” rating to a “neutral” rating and upped their price target for the company from $39.00 to $54.00 in a research note on Thursday, August 30th. Needham & Company LLC upped their price target on shares of Nutanix from $65.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Raymond James upped their price target on shares of Nutanix from $64.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Morgan Stanley increased their price objective on shares of Nutanix from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Friday, August 31st. Finally, Zacks Investment Research upgraded shares of Nutanix from a “sell” rating to a “hold” rating in a research note on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company. Nutanix has a consensus rating of “Buy” and an average price target of $57.55.
In related news, Director John Mcadam sold 15,000 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $51.46, for a total transaction of $771,900.00. Following the sale, the director now owns 84,648 shares in the company, valued at $4,355,986.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David Sangster sold 7,917 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $43.52, for a total transaction of $344,547.84. Following the sale, the executive vice president now owns 7,917 shares in the company, valued at approximately $344,547.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,204 shares of company stock worth $1,974,724. 19.81% of the stock is owned by company insiders.
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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