Malaga Cove Capital LLC raised its stake in shares of Nutanix Inc (NASDAQ:NTNX) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,724 shares of the technology company’s stock after purchasing an additional 912 shares during the period. Nutanix accounts for 1.0% of Malaga Cove Capital LLC’s portfolio, making the stock its 25th largest holding. Malaga Cove Capital LLC’s holdings in Nutanix were worth $1,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Advisory Services Network LLC increased its stake in Nutanix by 26.6% in the 4th quarter. Advisory Services Network LLC now owns 1,203 shares of the technology company’s stock worth $50,000 after buying an additional 253 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in shares of Nutanix by 1.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 26,325 shares of the technology company’s stock valued at $1,095,000 after buying an additional 349 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Nutanix by 6.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 6,164 shares of the technology company’s stock valued at $256,000 after buying an additional 378 shares during the period. Chartwell Investment Partners LLC lifted its holdings in shares of Nutanix by 3.4% in the 1st quarter. Chartwell Investment Partners LLC now owns 11,959 shares of the technology company’s stock worth $451,000 after acquiring an additional 390 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Nutanix by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,878 shares of the technology company’s stock worth $993,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 54.93% of the company’s stock.

Several brokerages have recently commented on NTNX. Stifel Nicolaus lowered shares of Nutanix from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $55.00 to $39.00 in a report on Friday, March 1st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nutanix in a report on Friday, March 1st. Wells Fargo & Co lowered Nutanix from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $70.00 to $45.00 in a report on Friday, March 1st. Needham & Company LLC restated a “buy” rating and set a $63.00 price objective (down from $76.00) on shares of Nutanix in a research report on Friday, March 1st. Finally, Maxim Group dropped their target price on Nutanix from $72.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $54.53.

Shares of NTNX stock traded up $0.19 during mid-day trading on Thursday, hitting $39.70. The stock had a trading volume of 58,563 shares, compared to its average volume of 4,714,064. Nutanix Inc has a fifty-two week low of $32.52 and a fifty-two week high of $64.87. The stock has a market capitalization of $7.23 billion, a PE ratio of -23.50 and a beta of 0.99. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.55 and a current ratio of 2.55.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, February 28th. The technology company reported ($0.55) EPS for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.02. Nutanix had a negative net margin of 31.41% and a negative return on equity of 90.83%. The business had revenue of $335.36 million during the quarter, compared to the consensus estimate of $331.04 million. Equities analysts forecast that Nutanix Inc will post -2.95 earnings per share for the current fiscal year.

In other news, EVP David Sangster sold 7,916 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $51.66, for a total transaction of $408,940.56. Following the completion of the transaction, the executive vice president now owns 7,916 shares in the company, valued at $408,940.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tyler Wall sold 12,132 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $41.23, for a total transaction of $500,202.36. The disclosure for this sale can be found here. Insiders sold 42,965 shares of company stock worth $1,794,076 over the last ninety days. 14.57% of the stock is currently owned by corporate insiders.

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About Nutanix

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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