Geode Capital Management LLC Purchases 14,097 Shares of Nutanix Inc. (NTNX)
Geode Capital Management LLC boosted its stake in shares of Nutanix Inc. (NASDAQ:NTNX) by 12.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,489 shares of the technology company’s stock after buying an additional 14,097 shares during the period. Geode Capital Management LLC owned 0.09% of Nutanix worth $2,430,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP increased its stake in shares of Nutanix by 66.5% in the first quarter. Quantbot Technologies LP now owns 14,202 shares of the technology company’s stock valued at $266,000 after buying an additional 5,673 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Nutanix by 31.0% in the first quarter. Bank of New York Mellon Corp now owns 42,718 shares of the technology company’s stock valued at $802,000 after buying an additional 10,119 shares in the last quarter. Blair William & Co. IL bought a new position in Nutanix during the first quarter valued at approximately $342,000. Washington Capital Management Inc. bought a new position in Nutanix during the first quarter valued at approximately $225,000. Finally, IPG Investment Advisors LLC bought a new position in Nutanix during the first quarter valued at approximately $225,000. Hedge funds and other institutional investors own 19.64% of the company’s stock.
Shares of Nutanix Inc. (NASDAQ:NTNX) traded up 0.23% during trading on Friday, hitting $21.95. 2,251,733 shares of the stock traded hands. The company’s market cap is $3.33 billion. Nutanix Inc. has a 1-year low of $14.38 and a 1-year high of $46.78. The company has a 50 day moving average of $21.77 and a 200-day moving average of $20.71.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.45) by $0.32. The company had revenue of $191.76 million during the quarter, compared to analyst estimates of $186.56 million. Nutanix had a negative return on equity of 5,196.17% and a negative net margin of 61.32%. The firm’s quarterly revenue was up 67.2% compared to the same quarter last year. On average, equities analysts anticipate that Nutanix Inc. will post ($1.45) EPS for the current fiscal year.
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NTNX has been the topic of several research analyst reports. Bank of America Corporation reissued a “buy” rating and set a $27.00 target price on shares of Nutanix in a research note on Tuesday, May 30th. Credit Suisse Group reissued a “buy” rating and set a $38.00 target price on shares of Nutanix in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) raised shares of Nutanix from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Monday, May 22nd. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $19.00 target price (up previously from $18.00) on shares of Nutanix in a research note on Monday, May 29th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $34.00 target price on shares of Nutanix in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Nutanix presently has a consensus rating of “Buy” and an average target price of $31.41.
In related news, VP Kenneth W. Long III sold 30,000 shares of Nutanix stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $24.00, for a total value of $720,000.00. Following the transaction, the vice president now directly owns 240,234 shares of the company’s stock, valued at $5,765,616. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sunil Potti sold 10,000 shares of Nutanix stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $21.43, for a total value of $214,300.00. Following the completion of the transaction, the insider now directly owns 123,603 shares in the company, valued at $2,648,812.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,563,737 shares of company stock worth $71,818,088.
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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