Canada Pension Plan Investment Board maintained its position in Nutanix Inc. (NASDAQ:NTNX) during the second quarter, Holdings Channel reports. The institutional investor owned 2,612,700 shares of the technology company’s stock at the end of the second quarter. Canada Pension Plan Investment Board’s holdings in Nutanix were worth $52,646,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. First American Bank purchased a new position in Nutanix during the second quarter worth approximately $205,000. Oppenheimer & Co. Inc. purchased a new position in Nutanix during the first quarter worth approximately $211,000. Washington Capital Management Inc. purchased a new position in Nutanix during the first quarter worth approximately $225,000. IPG Investment Advisors LLC purchased a new position in Nutanix during the first quarter worth approximately $225,000. Finally, FNY Managed Accounts LLC purchased a new position in Nutanix during the first quarter worth approximately $244,000. Institutional investors own 19.16% of the company’s stock.
Shares of Nutanix Inc. (NASDAQ:NTNX) opened at 20.70 on Friday. Nutanix Inc. has a one year low of $14.38 and a one year high of $46.78. The company’s 50 day moving average price is $21.10 and its 200 day moving average price is $21.38. The stock’s market capitalization is $3.14 billion.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by $0.32. Nutanix had a negative return on equity of 5,196.17% and a negative net margin of 61.32%. The company had revenue of $191.76 million during the quarter, compared to analyst estimates of $186.56 million. The firm’s quarterly revenue was up 67.2% compared to the same quarter last year. On average, equities analysts expect that Nutanix Inc. will post ($1.45) earnings per share for the current year.
NTNX has been the topic of a number of research reports. Bank of America Corporation restated a “buy” rating and issued a $27.00 price objective on shares of Nutanix in a report on Tuesday, May 30th. Piper Jaffray Companies set a $27.00 price objective on Nutanix and gave the stock a “buy” rating in a report on Saturday, May 27th. Maxim Group restated a “buy” rating and issued a $41.00 price objective on shares of Nutanix in a report on Friday, May 26th. Robert W. Baird restated a “buy” rating on shares of Nutanix in a report on Friday, May 26th. Finally, JMP Securities set a $35.00 price objective on Nutanix and gave the stock a “buy” rating in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Nutanix presently has a consensus rating of “Buy” and a consensus target price of $32.01.
In other Nutanix news, EVP David Sangster sold 27,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $19.04, for a total value of $514,080.00. Following the completion of the sale, the executive vice president now owns 139,500 shares of the company’s stock, valued at $2,656,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey T. Parks sold 1,234,822 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $21.97, for a total value of $27,129,039.34. The disclosure for this sale can be found here. Insiders sold 3,563,737 shares of company stock valued at $71,765,588 in the last ninety days.
About Nutanix
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.
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).
Receive News & Ratings for Nutanix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
