Zweig DiMenna Associates LLC reduced its position in Nutanix Inc. (NASDAQ:NTNX) by 62.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,474 shares of the technology company’s stock after selling 254,200 shares during the quarter. Zweig DiMenna Associates LLC owned approximately 0.10% of Nutanix worth $3,436,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of NTNX. FMR LLC lifted its position in Nutanix by 320.6% in the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock worth $242,686,000 after purchasing an additional 9,180,123 shares during the period. Franklin Resources Inc. bought a new position in Nutanix in the second quarter worth $55,063,000. Vanguard Group Inc. lifted its position in Nutanix by 65.5% in the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock worth $61,480,000 after purchasing an additional 1,295,813 shares during the period. Goldman Sachs Group Inc. lifted its position in Nutanix by 3,462.4% in the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after purchasing an additional 714,257 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Nutanix by 1,771.2% in the second quarter. New York State Common Retirement Fund now owns 527,700 shares of the technology company’s stock worth $10,633,000 after purchasing an additional 499,499 shares during the period. 31.53% of the stock is owned by hedge funds and other institutional investors.
Shares of Nutanix Inc. (NASDAQ NTNX) traded up $0.25 during trading hours on Monday, hitting $28.87. The stock had a trading volume of 1,997,500 shares, compared to its average volume of 3,026,263. Nutanix Inc. has a 52 week low of $14.38 and a 52 week high of $34.96.
Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, beating 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 company had revenue of $226.10 million during the quarter, compared to analyst estimates of $216.00 million. The firm’s revenue for the quarter was up 61.7% on a year-over-year basis. sell-side analysts predict that Nutanix Inc. will post -2.19 EPS for the current year.
In related news, President Sudheesh Nair Vadakkedath sold 90,000 shares of Nutanix stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $24.48, for a total value of $2,203,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rajiv Mirani sold 20,000 shares of Nutanix stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $21.55, for a total value of $431,000.00. Following the completion of the sale, the senior vice president now owns 271,000 shares of the company’s stock, valued at $5,840,050. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 536,891 shares of company stock valued at $12,537,319. 19.81% of the stock is currently owned by corporate insiders.
Several research analysts recently commented on NTNX shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $38.00 target price on shares of Nutanix in a research report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $28.00 target price (up from $27.00) on shares of Nutanix in a research report on Thursday, August 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $28.00 target price on shares of Nutanix in a research report on Friday, September 1st. Maxim Group reissued a “buy” rating and set a $41.00 price objective on shares of Nutanix in a report on Friday, September 1st. Finally, KeyCorp reissued a “buy” rating and set a $32.00 price objective on shares of Nutanix in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.25.
Nutanix Company Profile
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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