Harel Insurance Investments & Financial Services Ltd. Buys New Holdings in Nutanix Inc (NTNX)

Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Nutanix Inc (NASDAQ:NTNX) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,376 shares of the technology company’s stock, valued at approximately $443,000.

Several other hedge funds have also bought and sold shares of the stock. FMR LLC increased its holdings in shares of Nutanix by 5.4% during the 2nd quarter. FMR LLC now owns 17,727,613 shares of the technology company’s stock worth $914,213,000 after acquiring an additional 900,523 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Nutanix by 14.7% during the 2nd quarter. Renaissance Technologies LLC now owns 3,068,900 shares of the technology company’s stock worth $158,263,000 after acquiring an additional 392,700 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Nutanix by 30.1% during the 2nd quarter. Bank of America Corp DE now owns 1,040,066 shares of the technology company’s stock worth $53,637,000 after acquiring an additional 240,388 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Nutanix by 189.0% during the 2nd quarter. Millennium Management LLC now owns 1,005,004 shares of the technology company’s stock worth $51,828,000 after acquiring an additional 657,294 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Nutanix by 213.3% during the 3rd quarter. First Trust Advisors LP now owns 809,399 shares of the technology company’s stock worth $34,578,000 after acquiring an additional 551,052 shares during the last quarter. 48.71% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on NTNX. Piper Jaffray Companies reissued an “overweight” rating on shares of Nutanix in a report on Monday, August 27th. Jefferies Financial Group downgraded Nutanix from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Friday, August 17th. JPMorgan Chase & Co. upgraded Nutanix from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $39.00 to $54.00 in a research note on Thursday, August 30th. Susquehanna Bancshares restated a “negative” rating and issued a $33.00 price target (down from $55.00) on shares of Nutanix in a research note on Monday, September 24th. Finally, Raymond James boosted their price target on Nutanix from $64.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $57.55.

NASDAQ:NTNX opened at $37.07 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.76 and a quick ratio of 2.76. Nutanix Inc has a fifty-two week low of $26.93 and a fifty-two week high of $64.87.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, August 30th. The technology company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.37. The firm had revenue of $303.75 million during the quarter, compared to the consensus estimate of $298.30 million. Nutanix had a negative return on equity of 92.86% and a negative net margin of 25.72%. As a group, analysts expect that Nutanix Inc will post -2.18 EPS for the current year.

In other news, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $51.46, for a total transaction of $771,900.00. Following the completion of the sale, the director now directly owns 84,648 shares in the company, valued at approximately $4,355,986.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David Sangster sold 7,917 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $43.52, for a total value of $344,547.84. Following the sale, the executive vice president now owns 7,917 shares of the company’s stock, valued at $344,547.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,204 shares of company stock valued at $1,974,724. Corporate insiders own 19.81% of the company’s stock.

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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