New York State Common Retirement Fund Acquires 5,000 Shares of Nutanix Inc. (NTNX)
New York State Common Retirement Fund grew its holdings in shares of Nutanix Inc. (NASDAQ:NTNX) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 532,700 shares of the technology company’s stock after purchasing an additional 5,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.34% of Nutanix worth $11,927,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Thompson Davis & CO. Inc. boosted its stake in Nutanix by 320.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,000 shares during the last quarter. Legal & General Group Plc boosted its stake in Nutanix by 3,147.6% during the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after purchasing an additional 8,530 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Nutanix during the 2nd quarter worth $186,000. PNC Financial Services Group Inc. acquired a new stake in Nutanix during the 2nd quarter worth $208,000. Finally, Iron Financial LLC acquired a new stake in Nutanix during the 3rd quarter worth $235,000. 35.35% of the stock is currently owned by institutional investors.
In other Nutanix news, CFO Duston Williams sold 300,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $35.36, for a total value of $10,608,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Scarpelli sold 150,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $35.68, for a total transaction of $5,352,000.00. Following the completion of the transaction, the director now directly owns 55,300 shares in the company, valued at approximately $1,973,104. The disclosure for this sale can be found here. Insiders sold 2,267,678 shares of company stock worth $69,859,349 in the last ninety days. 19.81% of the stock is currently owned by corporate insiders.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The firm had revenue of $275.60 million for the quarter, compared to analysts’ expectations of $267.02 million. During the same quarter in the previous year, the company posted ($0.37) EPS. The company’s revenue was up 46.1% compared to the same quarter last year. analysts forecast that Nutanix Inc. will post -1.73 earnings per share for the current year.
Several brokerages have issued reports on NTNX. Morgan Stanley lifted their target price on shares of Nutanix from $22.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, December 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $40.00 target price on shares of Nutanix in a research note on Friday, December 1st. Vetr cut shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $38.31 target price on the stock. in a research note on Monday, December 4th. Robert W. Baird reaffirmed a “buy” rating and set a $41.00 target price (up previously from $31.00) on shares of Nutanix in a research note on Wednesday, November 29th. Finally, Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $34.74.
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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