IPG Investment Advisors LLC boosted its position in shares of Nutanix Inc. (NASDAQ:NTNX) by 210.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,225 shares of the technology company’s stock after buying an additional 25,225 shares during the period. IPG Investment Advisors LLC’s holdings in Nutanix were worth $750,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. First American Bank purchased a new stake in Nutanix during the second quarter worth $205,000. Oppenheimer & Co. Inc. purchased a new stake in Nutanix during the first quarter worth $211,000. Washington Capital Management Inc. purchased a new stake in Nutanix during the first quarter worth $225,000. FNY Managed Accounts LLC purchased a new stake in Nutanix during the first quarter worth $244,000. Finally, Quantbot Technologies LP increased its stake in Nutanix by 66.5% in the first quarter. Quantbot Technologies LP now owns 14,202 shares of the technology company’s stock worth $266,000 after buying an additional 5,673 shares in the last quarter. 19.16% of the stock is owned by institutional investors and hedge funds.
Nutanix Inc. (NASDAQ:NTNX) opened at 21.91 on Thursday. Nutanix Inc. has a 52 week low of $14.38 and a 52 week high of $46.78. The firm’s 50-day moving average price is $21.03 and its 200 day moving average price is $21.38. The company’s market capitalization is $3.32 billion.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.45) by $0.32. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The business had revenue of $191.76 million for the quarter, compared to analysts’ expectations of $186.56 million. The firm’s revenue was up 67.2% compared to the same quarter last year. Equities research analysts expect that Nutanix Inc. will post ($1.45) earnings per share for the current fiscal year.
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Several analysts have recently commented on NTNX shares. Bank of America Corporation reaffirmed a “buy” rating and set a $27.00 price objective on shares of Nutanix in a research report on Tuesday, May 30th. Piper Jaffray Companies set a $27.00 price objective on shares of Nutanix and gave the stock a “buy” rating in a research report on Saturday, May 27th. Maxim Group reaffirmed a “buy” rating and set a $41.00 price objective on shares of Nutanix in a research report on Friday, May 26th. Robert W. Baird reaffirmed a “buy” rating on shares of Nutanix in a research report on Friday, May 26th. Finally, JMP Securities set a $35.00 price objective on shares of Nutanix and gave the stock a “buy” rating in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.01.
In other news, VP Kenneth W. Long III sold 30,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $19.76, for a total value of $592,800.00. Following the transaction, the vice president now owns 239,074 shares of the company’s stock, valued at $4,724,102.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey T. Parks sold 1,234,822 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $21.97, for a total value of $27,129,039.34. The disclosure for this sale can be found here. Insiders have sold 3,563,737 shares of company stock worth $71,765,588 over the last ninety days.
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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