Nutanix Inc (NASDAQ:NTNX) Shares Sold by Public Employees Retirement System of Ohio

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Public Employees Retirement System of Ohio trimmed its holdings in shares of Nutanix Inc (NASDAQ:NTNX) by 54.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,170 shares of the technology company’s stock after selling 50,883 shares during the period. Public Employees Retirement System of Ohio’s holdings in Nutanix were worth $1,120,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Champlain Investment Partners LLC lifted its position in shares of Nutanix by 46.2% during the first quarter. Champlain Investment Partners LLC now owns 3,515,550 shares of the technology company’s stock worth $132,677,000 after purchasing an additional 1,110,780 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Nutanix by 167.4% during the second quarter. First Trust Advisors LP now owns 1,952,096 shares of the technology company’s stock worth $50,637,000 after purchasing an additional 1,221,956 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in shares of Nutanix during the first quarter worth $60,031,000. ARK Investment Management LLC lifted its position in shares of Nutanix by 651.0% during the second quarter. ARK Investment Management LLC now owns 1,412,100 shares of the technology company’s stock worth $36,630,000 after purchasing an additional 1,224,081 shares in the last quarter. Finally, FIL Ltd lifted its position in shares of Nutanix by 555.1% during the first quarter. FIL Ltd now owns 1,225,740 shares of the technology company’s stock worth $46,260,000 after purchasing an additional 1,038,621 shares in the last quarter. 64.76% of the stock is currently owned by hedge funds and other institutional investors.

NTNX has been the topic of a number of recent research reports. Wells Fargo & Co reduced their target price on shares of Nutanix from $35.00 to $25.00 in a research report on Thursday, August 29th. Royal Bank of Canada reduced their target price on shares of Nutanix from $39.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Susquehanna Bancshares raised shares of Nutanix from a “negative” rating to a “positive” rating and boosted their target price for the stock from $23.00 to $45.00 in a research report on Monday, September 9th. Morgan Stanley reduced their target price on shares of Nutanix from $35.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Finally, William Blair reissued a “buy” rating on shares of Nutanix in a research report on Thursday, August 29th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $37.31.

NTNX stock traded down $0.07 during trading on Friday, hitting $26.38. 25,027 shares of the company’s stock traded hands, compared to its average volume of 5,213,067. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.48. Nutanix Inc has a 52 week low of $17.74 and a 52 week high of $54.68. The stock has a fifty day moving average price of $21.90 and a two-hundred day moving average price of $30.58. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of -8.31 and a beta of 1.29.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, August 28th. The technology company reported ($0.96) earnings per share for the quarter, beating the consensus estimate of ($1.05) by $0.09. Nutanix had a negative net margin of 50.25% and a negative return on equity of 150.86%. The firm had revenue of $299.90 million during the quarter, compared to analyst estimates of $293.49 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Nutanix Inc will post -4.28 EPS for the current fiscal year.

In other Nutanix news, COO David Sangster sold 5,852 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $26.71, for a total transaction of $156,306.92. Following the completion of the sale, the chief operating officer now owns 32,703 shares in the company, valued at $873,497.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dheeraj Pandey sold 9,489 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $26.71, for a total transaction of $253,451.19. Following the sale, the chief executive officer now owns 250,975 shares of the company’s stock, valued at approximately $6,703,542.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,951 shares of company stock valued at $933,541. 14.57% of the stock is owned by insiders.

About Nutanix

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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