FIL Ltd Acquires Shares of 109,306 Nutanix Inc (NTNX)

FIL Ltd acquired a new stake in Nutanix Inc (NASDAQ:NTNX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 109,306 shares of the technology company’s stock, valued at approximately $4,670,000.

Several other hedge funds have also added to or reduced their stakes in NTNX. Frontier Capital Management Co. LLC lifted its stake in shares of Nutanix by 2,191.0% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,095,297 shares of the technology company’s stock valued at $46,791,000 after purchasing an additional 1,047,488 shares during the last quarter. FMR LLC lifted its position in Nutanix by 5.4% during the 2nd quarter. FMR LLC now owns 17,727,613 shares of the technology company’s stock worth $914,213,000 after acquiring an additional 900,523 shares during the last quarter. Millennium Management LLC lifted its position in Nutanix by 189.0% during the 2nd quarter. Millennium Management LLC now owns 1,005,004 shares of the technology company’s stock worth $51,828,000 after acquiring an additional 657,294 shares during the last quarter. Alliancebernstein L.P. lifted its position in Nutanix by 36.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,222,723 shares of the technology company’s stock worth $94,955,000 after acquiring an additional 588,743 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Nutanix by 213.3% during the 3rd quarter. First Trust Advisors LP now owns 809,399 shares of the technology company’s stock worth $34,578,000 after acquiring an additional 551,052 shares during the last quarter. 49.69% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on NTNX. Maxim Group reissued a “buy” rating and set a $72.00 target price on shares of Nutanix in a research report on Wednesday. William Blair reissued an “outperform” rating on shares of Nutanix in a research report on Wednesday. Stifel Nicolaus cut their target price on shares of Nutanix from $64.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday. Jefferies Financial Group cut their target price on shares of Nutanix to $48.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Needham & Company LLC boosted their target price on shares of Nutanix from $71.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $58.65.

Shares of NTNX opened at $44.71 on Friday. The stock has a market cap of $7.58 billion, a PE ratio of -26.46 and a beta of 0.65. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.76 and a quick ratio of 2.76. Nutanix Inc has a 52 week low of $29.34 and a 52 week high of $64.87.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Tuesday, November 27th. The technology company reported ($0.51) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.24). The company had revenue of $313.28 million for the quarter, compared to analyst estimates of $305.21 million. Nutanix had a negative net margin of 27.65% and a negative return on equity of 94.01%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.16) EPS. Equities analysts predict that Nutanix Inc will post -2.18 EPS for the current year.

In other news, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $51.46, for a total transaction of $771,900.00. Following the completion of the transaction, the director now owns 84,648 shares of the company’s stock, valued at $4,355,986.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Sangster sold 7,916 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $42.56, for a total transaction of $336,904.96. The disclosure for this sale can be found here. Insiders have sold 47,120 shares of company stock valued at $2,311,629 in the last ninety days. 14.57% of the stock is owned by company insiders.

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Nutanix Company Profile

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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