Franklin Resources Inc. decreased its holdings in Nutanix Inc (NASDAQ:NTNX) by 36.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,959,021 shares of the technology company’s stock after selling 1,101,161 shares during the quarter. Franklin Resources Inc. owned approximately 1.22% of Nutanix worth $69,151,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Focused Wealth Management Inc raised its position in Nutanix by 107.2% in the 4th quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock valued at $143,000 after purchasing an additional 2,100 shares during the last quarter. Delpha Capital Management LLC bought a new position in Nutanix in the 4th quarter valued at $104,000. Brown Advisory Inc. raised its position in Nutanix by 4.4% in the 3rd quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock valued at $1,714,000 after purchasing an additional 3,254 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in Nutanix by 96.2% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 7,989 shares of the technology company’s stock valued at $282,000 after purchasing an additional 3,918 shares during the last quarter. Finally, US Bancorp DE raised its position in Nutanix by 850.6% in the 4th quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock valued at $168,000 after purchasing an additional 4,253 shares during the last quarter. Hedge funds and other institutional investors own 44.29% of the company’s stock.
Shares of Nutanix Inc (NASDAQ NTNX) opened at $53.74 on Friday. Nutanix Inc has a 52 week low of $14.38 and a 52 week high of $55.10. The company has a market capitalization of $8,730.00 and a price-to-earnings ratio of -25.00.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. Nutanix had a negative return on equity of 270.61% and a negative net margin of 33.34%. The business had revenue of $286.70 million during the quarter, compared to analysts’ expectations of $283.22 million. During the same period in the previous year, the firm earned ($0.28) earnings per share. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. equities research analysts predict that Nutanix Inc will post -1.59 EPS for the current fiscal year.
In related news, EVP David Sangster sold 5,892 shares of Nutanix stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $36.32, for a total transaction of $213,997.44. Following the completion of the sale, the executive vice president now directly owns 12,500 shares of the company’s stock, valued at $454,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Kenneth W. Long III sold 32,002 shares of Nutanix stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $54.36, for a total value of $1,739,628.72. Following the sale, the chief accounting officer now directly owns 185,256 shares of the company’s stock, valued at $10,070,516.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,626,002 shares of company stock valued at $100,355,181. 19.81% of the stock is owned by insiders.
Several equities analysts have issued reports on NTNX shares. Vetr downgraded Nutanix from a “buy” rating to a “sell” rating and set a $31.98 price objective for the company. in a research report on Tuesday, February 20th. Wells Fargo lifted their price objective on Nutanix from $43.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, March 2nd. BTIG Research upgraded Nutanix from a “neutral” rating to a “buy” rating in a research report on Friday, March 9th. Maxim Group reiterated a “buy” rating and issued a $51.00 price objective on shares of Nutanix in a research report on Friday, December 22nd. Finally, Needham & Company LLC started coverage on Nutanix in a research report on Wednesday, November 22nd. They issued a “buy” rating and a $45.00 price objective for the company. Three analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $46.52.
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Nutanix Company Profile
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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