LaFleur & Godfrey LLC bought a new stake in shares of Nutanix Inc. (NASDAQ:NTNX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 147,825 shares of the technology company’s stock, valued at approximately $2,946,000. LaFleur & Godfrey LLC owned about 0.10% of Nutanix at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in NTNX. Stifel Financial Corp bought a new stake in shares of Nutanix during the first quarter valued at approximately $546,000. Quantbot Technologies LP boosted 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 during the last quarter. Aberdeen Asset Management PLC UK bought a new stake in shares of Nutanix during the first quarter valued at approximately $817,000. Hodges Capital Management Inc. boosted its stake in shares of Nutanix by 112.9% in the first quarter. Hodges Capital Management Inc. now owns 1,024,790 shares of the technology company’s stock valued at $19,235,000 after buying an additional 543,450 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Nutanix by 70.2% in the first quarter. Ameriprise Financial Inc. now owns 155,418 shares of the technology company’s stock valued at $2,916,000 after buying an additional 64,102 shares during the last quarter. Institutional investors and hedge funds own 19.16% of the company’s stock.
Nutanix Inc. (NASDAQ NTNX) opened at 21.48 on Friday. The stock’s 50 day moving average price is $21.19 and its 200-day moving average price is $21.32. Nutanix Inc. has a 12 month low of $14.38 and a 12 month high of $46.78. The firm’s market capitalization is $3.25 billion.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $191.76 million for the quarter, compared to the consensus estimate of $186.56 million. The business’s revenue was up 67.2% compared to the same quarter last year. Equities analysts anticipate that Nutanix Inc. will post ($1.45) EPS for the current fiscal year.
A number of research firms have issued reports on NTNX. Credit Suisse Group restated a “buy” rating and set a $38.00 price target on shares of Nutanix in a report on Friday, July 28th. Goldman Sachs Group, Inc. (The) upgraded Nutanix from a “buy” rating to a “conviction-buy” rating and set a $31.00 price target on the stock in a report on Friday, July 14th. Pacific Crest restated an “overweight” rating and set a $30.00 price target on shares of Nutanix in a report on Monday, July 3rd. BTIG Research restated a “neutral” rating on shares of Nutanix in a report on Monday, July 3rd. Finally, Stifel Nicolaus restated a “neutral – hold” rating on shares of Nutanix in a report on Friday, June 30th. 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 assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $32.01.
In related news, insider Sunil Potti sold 55,000 shares of Nutanix stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $17.33, for a total transaction of $953,150.00. Following the sale, the insider now directly owns 144,165 shares in the company, valued at $2,498,379.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rajiv Mirani sold 4,600 shares of Nutanix stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $20.02, for a total value of $92,092.00. Following the sale, the senior vice president now owns 255,600 shares in the company, valued at $5,117,112. 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 90 days.
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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