FIL Ltd Increases Position in Nutanix Inc (NASDAQ:NTNX)

FIL Ltd boosted its stake in shares of Nutanix Inc (NASDAQ:NTNX) by 555.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,225,740 shares of the technology company’s stock after buying an additional 1,038,621 shares during the period. FIL Ltd owned approximately 0.67% of Nutanix worth $46,260,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in Nutanix by 228.6% during the 4th quarter. Parallel Advisors LLC now owns 782 shares of the technology company’s stock valued at $32,000 after buying an additional 544 shares in the last quarter. Advisory Services Network LLC boosted its stake in Nutanix by 26.6% during the 4th quarter. Advisory Services Network LLC now owns 1,203 shares of the technology company’s stock valued at $50,000 after purchasing an additional 253 shares during the last quarter. Covenant Multifamily Offices LLC purchased a new stake in Nutanix during the 1st quarter valued at $57,000. Captrust Financial Advisors boosted its stake in Nutanix by 89.3% during the 4th quarter. Captrust Financial Advisors now owns 1,552 shares of the technology company’s stock valued at $65,000 after purchasing an additional 732 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC purchased a new stake in Nutanix during the 4th quarter valued at $66,000. 60.51% of the stock is owned by institutional investors.

Several analysts have commented on NTNX shares. Raymond James downgraded Nutanix from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Jefferies Financial Group upgraded Nutanix from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Monday, March 11th. Deutsche Bank assumed coverage on Nutanix in a research note on Tuesday, March 12th. They set a “hold” rating on the stock. William Blair restated an “outperform” rating on shares of Nutanix in a research note on Thursday, March 21st. Finally, Maxim Group restated a “buy” rating and issued a $58.00 price target (down from $62.00) on shares of Nutanix in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. Nutanix presently has a consensus rating of “Hold” and an average price target of $42.58.

NASDAQ NTNX traded up $0.56 on Monday, hitting $26.50. 3,158,800 shares of the company traded hands, compared to its average volume of 3,917,622. The firm has a market cap of $4.82 billion, a P/E ratio of -15.68 and a beta of 1.37. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.48. The business has a 50 day simple moving average of $30.17. Nutanix Inc has a 52-week low of $24.61 and a 52-week high of $63.38.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, May 30th. The technology company reported ($1.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.96) by ($0.12). The company had revenue of $287.60 million for the quarter, compared to analysts’ expectations of $297.20 million. Nutanix had a negative net margin of 41.47% and a negative return on equity of 127.35%. Nutanix’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) earnings per share. As a group, analysts anticipate that Nutanix Inc will post -3.28 EPS for the current year.

Nutanix Company 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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