AlpInvest Partners B.V. acquired a new stake in shares of Nutanix Inc (NASDAQ:NTNX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 190,276 shares of the technology company’s stock, valued at approximately $4,936,000. Nutanix makes up 4.7% of AlpInvest Partners B.V.’s investment portfolio, making the stock its 8th biggest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its position in shares of Nutanix by 8,992.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,182 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,169 shares during the last quarter. Tortoise Index Solutions LLC bought a new stake in Nutanix in the 1st quarter worth about $37,000. Advisory Services Network LLC grew its position in Nutanix by 986.7% in the 2nd quarter. Advisory Services Network LLC now owns 2,771 shares of the technology company’s stock worth $71,000 after purchasing an additional 2,516 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in Nutanix by 31.9% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,995 shares of the technology company’s stock worth $78,000 after purchasing an additional 725 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in Nutanix by 62.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,166 shares of the technology company’s stock worth $107,000 after purchasing an additional 1,601 shares in the last quarter. 64.83% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on NTNX. Bank of America reaffirmed a “buy” rating and issued a $35.00 price objective (down from $41.00) on shares of Nutanix in a research report on Tuesday, August 13th. Susquehanna Bancshares raised shares of Nutanix from a “negative” rating to a “positive” rating and upped their price objective for the stock from $23.00 to $45.00 in a research report on Monday. BTIG Research reduced their price objective on shares of Nutanix to $40.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Wells Fargo & Co dropped their target price on shares of Nutanix from $35.00 to $25.00 in a research note on Thursday, August 29th. Finally, Needham & Company LLC set a $46.00 target price on shares of Nutanix and gave the company a “buy” rating in a research note on Thursday, August 22nd. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $37.31.
Shares of NTNX stock opened at $26.74 on Friday. The stock has a market capitalization of $4.97 billion, a P/E ratio of -8.41 and a beta of 1.29. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.48. The firm’s 50 day moving average is $21.52 and its 200 day moving average is $31.35. Nutanix Inc has a 12 month low of $17.74 and a 12 month high of $54.68.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.96) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.05) by $0.09. The company had revenue of $299.90 million for the quarter, compared to analysts’ expectations of $293.49 million. Nutanix had a negative net margin of 50.25% and a negative return on equity of 150.86%. Nutanix’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. On average, equities analysts predict that Nutanix Inc will post -4.28 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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