TIAA CREF Investment Management LLC boosted its holdings in shares of Nutanix Inc. (NASDAQ:NTNX) by 150.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,341 shares of the technology company’s stock after buying an additional 223,791 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.25% of Nutanix worth $7,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Tenzing Global Management LLC increased its position in Nutanix by 7.1% during the 1st quarter. Tenzing Global Management LLC now owns 75,000 shares of the technology company’s stock valued at $1,408,000 after buying an additional 5,000 shares in the last quarter. United Capital Financial Advisers LLC increased its position in Nutanix by 7.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 109,243 shares of the technology company’s stock valued at $2,050,000 after buying an additional 7,255 shares in the last quarter. Washington Capital Management Inc. increased its position in Nutanix by 66.7% during the 2nd quarter. Washington Capital Management Inc. now owns 20,000 shares of the technology company’s stock valued at $403,000 after buying an additional 8,000 shares in the last quarter. Legal & General Group Plc increased its position in Nutanix by 3,147.6% during the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after buying an additional 8,530 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Nutanix during the 2nd quarter valued at about $186,000. 31.48% of the stock is currently owned by institutional investors.
In related news, insider Sunil Potti sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $22.57, for a total transaction of $225,700.00. Following the transaction, the insider now owns 131,382 shares of the company’s stock, valued at $2,965,291.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David Sangster sold 27,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $22.41, for a total value of $605,070.00. Following the transaction, the executive vice president now directly owns 90,750 shares in the company, valued at approximately $2,033,707.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,646,713 shares of company stock worth $36,183,779.
Several research analysts recently issued reports on NTNX shares. Bank of America Corporation upped their target price on Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, September 18th. Jefferies Group LLC started coverage on Nutanix in a research report on Thursday, August 17th. They set a “buy” rating and a $30.00 target price on the stock. Stifel Nicolaus reaffirmed a “neutral – hold” rating on shares of Nutanix in a research report on Friday, June 30th. Maxim Group reaffirmed a “buy” rating and set a $41.00 target price on shares of Nutanix in a research report on Friday, September 1st. Finally, BTIG Research reaffirmed a “hold” rating and set a $22.00 target price on shares of Nutanix in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $30.28.
Shares of Nutanix Inc. (NTNX) opened at 25.61 on Wednesday. The stock has a 50 day moving average price of $22.85 and a 200-day moving average price of $22.85. The stock’s market cap is $3.97 billion. Nutanix Inc. has a 52 week low of $21.21 and a 52 week high of $35.90.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The firm had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. The company’s quarterly revenue was up 61.7% on a year-over-year basis. Equities analysts predict that Nutanix Inc. will post ($0.94) EPS for the current fiscal year.
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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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