Janney Montgomery Scott LLC Purchases 9,627 Shares of Nutanix Inc (NASDAQ:NTNX)

Janney Montgomery Scott LLC lifted its position in Nutanix Inc (NASDAQ:NTNX) by 50.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,851 shares of the technology company’s stock after acquiring an additional 9,627 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Nutanix were worth $757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTNX. AdvisorNet Financial Inc grew its stake in shares of Nutanix by 8,992.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,182 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,169 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Nutanix by 986.7% in the 2nd quarter. Advisory Services Network LLC now owns 2,771 shares of the technology company’s stock worth $71,000 after buying an additional 2,516 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Nutanix by 31.9% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,995 shares of the technology company’s stock worth $78,000 after buying an additional 725 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in shares of Nutanix by 6,428.6% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 3,656 shares of the technology company’s stock worth $94,000 after buying an additional 3,600 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Nutanix by 62.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,166 shares of the technology company’s stock worth $107,000 after buying an additional 1,601 shares during the last quarter. Hedge funds and other institutional investors own 63.57% of the company’s stock.

In other Nutanix news, CFO Duston Williams sold 19,610 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $26.71, for a total transaction of $523,783.10. Following the sale, the chief financial officer now directly owns 218,596 shares of the company’s stock, valued at $5,838,699.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO David Sangster sold 5,852 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $26.71, for a total value of $156,306.92. Following the sale, the chief operating officer now owns 32,703 shares in the company, valued at $873,497.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,951 shares of company stock worth $933,541. Insiders own 9.79% of the company’s stock.

A number of equities analysts recently weighed in on NTNX shares. Susquehanna Bancshares raised shares of Nutanix from a “negative” rating to a “positive” rating and boosted their price target for the stock from $23.00 to $45.00 in a report on Monday, September 9th. Royal Bank of Canada cut their price target on shares of Nutanix from $39.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Bank of America reissued a “buy” rating and issued a $35.00 price target (down from $41.00) on shares of Nutanix in a report on Tuesday, August 13th. Stifel Nicolaus set a $22.00 price target on shares of Nutanix and gave the stock a “hold” rating in a report on Friday, August 16th. Finally, Needham & Company LLC set a $46.00 price target on shares of Nutanix and gave the stock a “buy” rating in a report on Thursday, August 22nd. Ten analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $37.56.

NASDAQ NTNX traded up $0.12 during trading on Tuesday, hitting $27.90. 21,301 shares of the company’s stock traded hands, compared to its average volume of 2,336,475. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of -8.76 and a beta of 1.32. Nutanix Inc has a 12-month low of $17.74 and a 12-month high of $54.68. The company has a debt-to-equity ratio of 2.46, a quick ratio of 2.13 and a current ratio of 2.13. The business has a 50 day moving average of $26.74 and a 200-day moving average of $27.52.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.96) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.05) by $0.09. The business had revenue of $299.90 million for the quarter, compared to the consensus estimate of $293.49 million. Nutanix had a negative net margin of 50.25% and a negative return on equity of 172.43%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. On average, analysts expect that Nutanix Inc will post -4.39 EPS for the current year.

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.

Featured Story: Cost of Equity For A Business, Investors

Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit