Janney Montgomery Scott LLC Lowers Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Janney Montgomery Scott LLC lowered its stake in Nutanix, Inc. (NASDAQ:NTNX) by 5.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,483 shares of the technology company’s stock after selling 2,030 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Nutanix were worth $2,043,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Nutanix during the first quarter valued at approximately $1,384,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Nutanix during the first quarter valued at $271,000. Concurrent Investment Advisors LLC bought a new stake in Nutanix in the 1st quarter worth about $251,000. QRG Capital Management Inc. purchased a new position in Nutanix in the 1st quarter worth about $598,000. Finally, ProShare Advisors LLC lifted its stake in Nutanix by 13.9% during the 1st quarter. ProShare Advisors LLC now owns 7,235 shares of the technology company’s stock valued at $447,000 after acquiring an additional 882 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Trading Up 0.5 %

Shares of Nutanix stock opened at $72.24 on Wednesday. Nutanix, Inc. has a twelve month low of $38.43 and a twelve month high of $73.69. The firm has a market capitalization of $19.16 billion, a PE ratio of -138.19, a P/E/G ratio of 14.25 and a beta of 1.17. The firm’s 50-day moving average price is $62.16 and its 200 day moving average price is $58.80.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. The firm had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. On average, sell-side analysts predict that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Insider Transactions at Nutanix

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO David Sangster sold 11,950 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Barclays increased their target price on Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price target on shares of Nutanix in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their price objective on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Finally, Bank of America increased their price target on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.38.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.