ING Groep NV bought a new stake in Nutanix Inc (NASDAQ:NTNX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,000 shares of the technology company’s stock, valued at approximately $494,000.
Other large investors have also recently modified their holdings of the company. US Bancorp DE lifted its stake in Nutanix by 850.6% in the 4th quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock valued at $168,000 after purchasing an additional 4,253 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in Nutanix by 320.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after purchasing an additional 4,000 shares during the last quarter. First American Bank acquired a new stake in Nutanix in the 4th quarter valued at about $207,000. Fox Run Management L.L.C. acquired a new stake in Nutanix in the 4th quarter valued at about $212,000. Finally, Vicus Capital acquired a new stake in Nutanix in the 4th quarter valued at about $219,000. Institutional investors and hedge funds own 34.83% of the company’s stock.
Several equities research analysts recently issued reports on NTNX shares. Vetr upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating and set a $32.53 target price for the company in a research note on Tuesday, October 31st. ValuEngine downgraded shares of Nutanix from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Maxim Group reiterated a “buy” rating and issued a $51.00 target price on shares of Nutanix in a research note on Friday, December 22nd. Needham & Company LLC started coverage on shares of Nutanix in a research note on Wednesday, November 22nd. They issued a “buy” rating and a $45.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $36.24.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The company had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. During the same period in the previous year, the business earned ($0.37) earnings per share. The firm’s quarterly revenue was up 46.1% on a year-over-year basis. sell-side analysts expect that Nutanix Inc will post -1.71 earnings per share for the current fiscal year.
In other news, insider Sunil Potti sold 55,000 shares of Nutanix stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $30.00, for a total value of $1,650,000.00. Following the completion of the sale, the insider now directly owns 67,105 shares in the company, valued at $2,013,150. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey T. Parks sold 408,291 shares of Nutanix stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $29.55, for a total transaction of $12,064,999.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,887,958 shares of company stock valued at $63,947,181. 19.81% of the stock is owned by company insiders.
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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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