MetLife Investment Advisors LLC Purchases New Position in Nutanix Inc (NTNX)

MetLife Investment Advisors LLC purchased a new position in shares of Nutanix Inc (NASDAQ:NTNX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 48,555 shares of the technology company’s stock, valued at approximately $1,713,000.

Other institutional investors have also modified their holdings of the company. Delpha Capital Management LLC purchased a new position in shares of Nutanix during the 4th quarter worth $104,000. Focused Wealth Management Inc boosted its stake in shares of Nutanix by 107.2% during the 4th quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock worth $143,000 after acquiring an additional 2,100 shares during the last quarter. US Bancorp DE boosted its stake 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 last quarter. First American Bank purchased a new position in shares of Nutanix during the 4th quarter worth $207,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Nutanix during the 4th quarter worth $212,000. Institutional investors and hedge funds own 44.26% of the company’s stock.

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In other Nutanix news, major shareholder Peter Nieh sold 63,227 shares of Nutanix stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $49.62, for a total value of $3,137,323.74. Following the sale, the insider now directly owns 200,000 shares in the company, valued at approximately $9,924,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Christopher J. Schaepe sold 100,000 shares of Nutanix stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $48.14, for a total transaction of $4,814,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,776,304 shares of company stock worth $109,896,685. 19.81% of the stock is currently owned by insiders.

NTNX has been the topic of several analyst reports. Robert W. Baird reiterated a “buy” rating and set a $41.00 price target on shares of Nutanix in a research note on Wednesday, January 3rd. Goldman Sachs started coverage on shares of Nutanix in a research report on Wednesday, February 7th. They set a “conviction-buy” rating and a $43.00 price objective on the stock. Vetr upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating and set a $38.98 price objective on the stock in a research report on Tuesday, December 12th. Piper Jaffray restated an “overweight” rating and set a $57.00 price objective on shares of Nutanix in a research report on Tuesday, March 13th. Finally, Zacks Investment Research downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $48.05.

Shares of NASDAQ NTNX opened at $49.84 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10. The firm has a market capitalization of $8,258.12, a price-to-earnings ratio of -14.97 and a beta of 0.38. Nutanix Inc has a 52-week low of $14.38 and a 52-week high of $55.25.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $286.70 million for the quarter, compared to the consensus estimate of $283.22 million. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. Nutanix’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.28) EPS. equities analysts forecast that Nutanix Inc will post -1.59 earnings per share for the current year.

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Nutanix 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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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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