MARSHALL WACE ASIA Ltd purchased a new position in shares of Nutanix Inc (NASDAQ:NTNX) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,590,659 shares of the technology company’s stock, valued at approximately $60,031,000. Nutanix makes up 1.8% of MARSHALL WACE ASIA Ltd’s portfolio, making the stock its 25th largest position.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its position in Nutanix by 13.0% in the 4th quarter. FMR LLC now owns 19,000,669 shares of the technology company’s stock valued at $790,238,000 after purchasing an additional 2,179,982 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Nutanix by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 10,774,780 shares of the technology company’s stock worth $460,298,000 after purchasing an additional 387,316 shares during the period. BlackRock Inc. grew its stake in shares of Nutanix by 26.0% during the 4th quarter. BlackRock Inc. now owns 4,967,842 shares of the technology company’s stock worth $206,611,000 after purchasing an additional 1,024,789 shares during the period. Champlain Investment Partners LLC grew its stake in shares of Nutanix by 46.2% during the 1st quarter. Champlain Investment Partners LLC now owns 3,515,550 shares of the technology company’s stock worth $132,677,000 after purchasing an additional 1,110,780 shares during the period. Finally, Frontier Capital Management Co. LLC grew its stake in shares of Nutanix by 1.8% during the 1st quarter. Frontier Capital Management Co. LLC now owns 2,633,279 shares of the technology company’s stock worth $99,380,000 after purchasing an additional 45,994 shares during the period. Institutional investors own 61.80% of the company’s stock.
In related news, insider Tyler Wall sold 12,132 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $41.23, for a total value of $500,202.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Mcadam sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $40.00, for a total transaction of $600,000.00. Following the completion of the transaction, the director now owns 54,024 shares in the company, valued at approximately $2,160,960. The disclosure for this sale can be found here. 14.57% of the stock is owned by company insiders.
Shares of Nutanix stock traded down $2.57 during mid-day trading on Friday, hitting $24.98. 221,639 shares of the stock were exchanged, compared to its average volume of 4,546,009. Nutanix Inc has a twelve month low of $25.50 and a twelve month high of $64.87. The stock has a market capitalization of $5.00 billion, a P/E ratio of -14.74 and a beta of 1.62. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 2.41.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, May 30th. The technology company reported ($1.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.96) by ($0.12). Nutanix had a negative return on equity of 127.35% and a negative net margin of 41.47%. The firm had revenue of $287.60 million for the quarter, compared to analyst estimates of $297.20 million. During the same period in the prior year, the business earned ($0.21) earnings per share. Nutanix’s revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts forecast that Nutanix Inc will post -3.28 EPS for the current year.
A number of research firms have recently weighed in on NTNX. Zacks Investment Research cut shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Jefferies Financial Group lowered their price objective on shares of Nutanix from $49.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. BTIG Research lowered their price objective on shares of Nutanix to $40.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Piper Jaffray Companies cut shares of Nutanix from an “overweight” rating to a “neutral” rating and set a $25.75 price objective on the stock. in a research note on Friday, May 31st. Finally, Morgan Stanley lowered their price objective on shares of Nutanix from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.58.
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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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