TIAA CREF Investment Management LLC reduced its stake in shares of Nutanix Inc. (NASDAQ:NTNX) by 55.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,550 shares of the technology company’s stock after selling 188,283 shares during the period. TIAA CREF Investment Management LLC owned about 0.10% of Nutanix worth $2,788,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. AlpInvest Partners B.V. acquired a new stake in Nutanix during the first quarter valued at about $962,000. IPG Investment Advisors LLC acquired a new stake in Nutanix during the first quarter valued at about $225,000. FMR LLC raised its stake in Nutanix by 14.0% in the first quarter. FMR LLC now owns 2,863,858 shares of the technology company’s stock valued at $53,755,000 after buying an additional 351,058 shares during the period. Washington Capital Management Inc. acquired a new stake in Nutanix during the first quarter valued at about $225,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Nutanix during the first quarter valued at about $736,000. 19.64% of the stock is currently owned by institutional investors.
Nutanix Inc. (NTNX) opened at 21.91 on Friday. The company’s market capitalization is $3.32 billion. Nutanix Inc. has a 52 week low of $14.38 and a 52 week high of $46.78. The company has a 50 day moving average of $21.50 and a 200 day moving average of $21.01.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.45) by $0.32. The firm had revenue of $191.76 million during the quarter, compared to the consensus estimate of $186.56 million. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The business’s quarterly revenue was up 67.2% compared to the same quarter last year. On average, equities analysts forecast that Nutanix Inc. will post ($1.45) EPS for the current fiscal year.
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Several research firms have recently issued reports on NTNX. Jefferies Group LLC began coverage on shares of Nutanix in a research report on Thursday. They issued a “buy” rating and a $30.00 price target on the stock. Stifel Nicolaus set a $25.00 price target on shares of Nutanix and gave the company a “hold” rating in a research report on Tuesday. Credit Suisse Group reaffirmed a “buy” rating and set a $38.00 target price on shares of Nutanix in a report on Friday, July 28th. Goldman Sachs Group, Inc. (The) raised shares of Nutanix from a “buy” rating to a “conviction-buy” rating and set a $31.00 target price on the stock in a report on Friday, July 14th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $34.00 target price on shares of Nutanix in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Nutanix has a consensus rating of “Buy” and a consensus price target of $31.41.
In related news, Director Jeffrey T. Parks sold 1,234,822 shares of Nutanix 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rajiv Mirani sold 4,600 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $20.02, for a total transaction of $92,092.00. Following the completion of the transaction, the senior vice president now owns 255,600 shares of the company’s stock, valued at $5,117,112. The disclosure for this sale can be found here. Insiders sold 3,593,737 shares of company stock valued at $72,410,888 over the last 90 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.
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