Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Nutanix Inc (NASDAQ:NTNX) by 81.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,239 shares of the technology company’s stock after selling 37,276 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nutanix were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thompson Davis & CO. Inc. grew its position in shares of Nutanix by 320.0% during the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,000 shares in the last quarter. First American Bank purchased a new stake in shares of Nutanix during the fourth quarter worth about $207,000. PNC Financial Services Group Inc. purchased a new stake in shares of Nutanix during the second quarter worth about $208,000. Fox Run Management L.L.C. purchased a new stake in shares of Nutanix during the fourth quarter worth about $212,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Nutanix during the third quarter worth about $215,000. 38.31% of the stock is currently owned by hedge funds and other institutional investors.
NTNX has been the subject of several research analyst reports. Vetr upgraded Nutanix from a “buy” rating to a “strong-buy” rating and set a $32.53 target price for the company in a research report on Tuesday, October 31st. ValuEngine cut Nutanix from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Maxim Group reiterated a “buy” rating and set a $51.00 target price on shares of Nutanix in a research report on Friday, December 22nd. Needham & Company LLC initiated coverage on Nutanix in a research report on Wednesday, November 22nd. They set a “buy” rating and a $45.00 target price for the company. Finally, Zacks Investment Research cut Nutanix from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Nutanix has an average rating of “Buy” and a consensus price target of $36.24.
Shares of Nutanix Inc (NASDAQ:NTNX) opened at $34.47 on Monday. Nutanix Inc has a one year low of $14.38 and a one year high of $38.80.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.10. The business had revenue of $275.60 million during the quarter, compared to analyst estimates of $267.02 million. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. The company’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period last year, the company earned ($0.37) EPS. analysts expect that Nutanix Inc will post -1.71 EPS for the current fiscal year.
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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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