Primecap Management Co. CA Has $10.35 Million Stake in Nutanix Inc (NTNX)

Primecap Management Co. CA lifted its stake in Nutanix Inc (NASDAQ:NTNX) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,300 shares of the technology company’s stock after buying an additional 8,500 shares during the period. Primecap Management Co. CA’s holdings in Nutanix were worth $10,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in Nutanix by 66.1% during the 1st quarter. Principal Financial Group Inc. now owns 11,224 shares of the technology company’s stock worth $551,000 after acquiring an additional 4,468 shares during the period. Bank of Montreal Can raised its stake in Nutanix by 22.5% during the 2nd quarter. Bank of Montreal Can now owns 62,012 shares of the technology company’s stock worth $3,198,000 after acquiring an additional 11,392 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in Nutanix during the 2nd quarter valued at approximately $260,000. Janney Montgomery Scott LLC grew its holdings in Nutanix by 5.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 24,851 shares of the technology company’s stock valued at $1,282,000 after buying an additional 1,330 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Nutanix by 7.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,310 shares of the technology company’s stock valued at $738,000 after buying an additional 1,044 shares in the last quarter. 50.06% of the stock is owned by institutional investors.

NTNX stock opened at $44.96 on Tuesday. Nutanix Inc has a fifty-two week low of $29.34 and a fifty-two week high of $64.87. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $7.73 billion, a P/E ratio of -26.60 and a beta of 0.67.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Tuesday, November 27th. The technology company reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.24). Nutanix had a negative net margin of 27.65% and a negative return on equity of 94.01%. The business had revenue of $313.28 million during the quarter, compared to analysts’ expectations of $305.21 million. During the same period last year, the business posted ($0.16) earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts predict that Nutanix Inc will post -2.19 earnings per share for the current year.

A number of equities research analysts have issued reports on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Nutanix in a report on Monday, August 27th. Jefferies Financial Group lowered shares of Nutanix from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Friday, August 17th. JPMorgan Chase & Co. raised shares of Nutanix from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $39.00 to $54.00 in a report on Thursday, August 30th. Susquehanna Bancshares reaffirmed a “negative” rating and set a $33.00 price objective (down from $55.00) on shares of Nutanix in a report on Monday, September 24th. Finally, Raymond James increased their price objective on shares of Nutanix from $64.00 to $74.00 and gave the company a “buy” rating in a report on Friday, August 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $58.65.

In related news, Director John Mcadam sold 15,000 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $51.46, for a total value of $771,900.00. Following the completion of the transaction, the director now directly owns 84,648 shares of the company’s stock, valued at $4,355,986.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David Sangster sold 8,371 shares of Nutanix stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $49.81, for a total transaction of $416,959.51. Following the transaction, the executive vice president now directly owns 12,500 shares of the company’s stock, valued at $622,625. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,204 shares of company stock valued at $1,870,312. 14.57% of the stock is currently owned by insiders.

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Nutanix 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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