RMB Capital Management LLC Boosts Holdings in Nutanix Inc (NTNX)

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RMB Capital Management LLC grew its stake in shares of Nutanix Inc (NASDAQ:NTNX) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,321 shares of the technology company’s stock after acquiring an additional 13,914 shares during the quarter. RMB Capital Management LLC’s holdings in Nutanix were worth $2,966,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in Nutanix by 228.6% in the 4th quarter. Parallel Advisors LLC now owns 782 shares of the technology company’s stock worth $32,000 after buying an additional 544 shares in the last quarter. First Hawaiian Bank bought a new stake in Nutanix in the 4th quarter worth about $35,000. Avestar Capital LLC increased its holdings in Nutanix by 298.2% in the 4th quarter. Avestar Capital LLC now owns 1,521 shares of the technology company’s stock worth $40,000 after buying an additional 1,139 shares in the last quarter. We Are One Seven LLC bought a new stake in Nutanix in the 4th quarter worth about $50,000. Finally, Captrust Financial Advisors increased its holdings in Nutanix by 89.3% in the 4th quarter. Captrust Financial Advisors now owns 1,552 shares of the technology company’s stock worth $65,000 after buying an additional 732 shares in the last quarter. Hedge funds and other institutional investors own 55.08% of the company’s stock.

Several equities research analysts recently commented on NTNX shares. Royal Bank of Canada reduced their price objective on Nutanix to $60.00 and set an “outperform” rating for the company in a report on Monday, November 26th. Jefferies Financial Group reduced their price objective on Nutanix to $48.00 and set a “hold” rating for the company in a report on Wednesday, November 28th. Bank of America reiterated a “buy” rating and issued a $51.00 price objective (down from $63.00) on shares of Nutanix in a report on Friday, March 1st. Morgan Stanley upgraded Nutanix from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $57.00 to $58.00 in a report on Tuesday, January 15th. Finally, Wolfe Research started coverage on Nutanix in a report on Tuesday, December 11th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. Nutanix has an average rating of “Hold” and an average price target of $54.36.

Shares of NASDAQ:NTNX opened at $38.25 on Friday. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of -22.63 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.71 and a current ratio of 2.71. Nutanix Inc has a 52-week low of $32.52 and a 52-week high of $64.87.

In other Nutanix news, Director Jeffrey T. Parks sold 8,313 shares of the firm’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $39.93, for a total value of $331,938.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO David Sangster sold 7,917 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $35.99, for a total value of $284,932.83. Following the completion of the transaction, the chief operating officer now directly owns 7,917 shares in the company, valued at $284,932.83. The disclosure for this sale can be found here. Insiders sold 242,959 shares of company stock worth $10,004,133 over the last three months. Insiders own 14.57% of the company’s stock.

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Nutanix Profile

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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