Daiwa Securities Group Inc. Takes Position in Nutanix Inc. (NTNX)
Daiwa Securities Group Inc. purchased a new stake in shares of Nutanix Inc. (NASDAQ:NTNX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 78,400 shares of the technology company’s stock, valued at approximately $1,579,000.
A number of other institutional investors have also recently made changes to their positions in NTNX. First American Bank purchased a new position in shares of Nutanix during the second quarter valued at about $205,000. Oppenheimer & Co. Inc. bought a new stake in Nutanix during the first quarter valued at $211,000. Washington Capital Management Inc. bought a new stake in Nutanix during the first quarter valued at $225,000. IPG Investment Advisors LLC bought a new stake in Nutanix during the first quarter valued at $225,000. Finally, FNY Managed Accounts LLC bought a new stake in Nutanix during the first quarter valued at $244,000. 19.16% of the stock is owned by hedge funds and other institutional investors.
Shares of Nutanix Inc. (NASDAQ:NTNX) opened at 21.91 on Thursday. The firm’s market cap is $3.32 billion. The stock’s 50 day moving average is $21.03 and its 200 day moving average is $21.38. Nutanix Inc. has a 12 month low of $14.38 and a 12 month high of $46.78.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by $0.32. The business had revenue of $191.76 million during the quarter, compared to the consensus estimate of $186.56 million. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The company’s revenue was up 67.2% on a year-over-year basis. Analysts forecast that Nutanix Inc. will post ($1.45) EPS for the current fiscal year.
Several research firms have weighed in on NTNX. Pacific Crest restated an “overweight” rating and issued a $30.00 price objective on shares of Nutanix in a research report on Monday, July 3rd. Bank of America Corporation restated a “buy” rating and issued a $27.00 price objective on shares of Nutanix in a research report on Tuesday, May 30th. Credit Suisse Group restated an “outperform” rating and issued a $38.00 price objective on shares of Nutanix in a research report on Thursday, May 25th. William Blair restated an “outperform” rating on shares of Nutanix in a research report on Tuesday, May 2nd. Finally, Maxim Group restated a “buy” rating and issued a $41.00 price objective on shares of Nutanix in a research report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Nutanix currently has an average rating of “Buy” and a consensus target price of $32.01.
In related news, EVP David Sangster sold 27,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $21.28, for a total value of $574,560.00. Following the completion of the transaction, the executive vice president now owns 116,250 shares in the company, valued at approximately $2,473,800. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Duston Williams sold 80,244 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $17.23, for a total transaction of $1,382,604.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,563,737 shares of company stock valued at $71,765,588.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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