First Allied Advisory Services Inc. trimmed its holdings in shares of Nutanix Inc (NASDAQ:NTNX) by 27.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,975 shares of the technology company’s stock after selling 2,675 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Nutanix were worth $250,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Thompson Davis & CO. Inc. lifted its holdings in shares of Nutanix by 320.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after acquiring an additional 4,000 shares during the period. US Bancorp DE lifted its holdings in shares of Nutanix by 850.6% during the 4th quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock worth $168,000 after acquiring an additional 4,253 shares during the period. First American Bank bought a new position in shares of Nutanix during the 4th quarter worth about $207,000. Fox Run Management L.L.C. bought a new position in shares of Nutanix during the 4th quarter worth about $212,000. Finally, Stifel Financial Corp bought a new position in shares of Nutanix during the 3rd quarter worth about $215,000. 38.31% of the stock is owned by institutional investors.
In other Nutanix news, CFO Duston Williams sold 300,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $35.36, for a total value of $10,608,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $30.35, for a total transaction of $1,214,000.00. Following the completion of the transaction, the president now directly owns 193,856 shares of the company’s stock, valued at $5,883,529.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,276,667 shares of company stock valued at $45,624,122. Insiders own 19.81% of the company’s stock.
Nutanix Inc (NASDAQ:NTNX) opened at $35.93 on Wednesday. Nutanix Inc has a 12 month low of $14.38 and a 12 month high of $38.80.
Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The company had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. During the same period in the previous year, the firm posted ($0.37) earnings per share. The company’s revenue was up 46.1% on a year-over-year basis. sell-side analysts anticipate that Nutanix Inc will post -1.71 earnings per share 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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