Hodges Capital Management Inc. Grows Stake in Nutanix Inc (NTNX)
Hodges Capital Management Inc. raised its stake in Nutanix Inc (NASDAQ:NTNX) by 20.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 396,075 shares of the technology company’s stock after acquiring an additional 67,440 shares during the period. Nutanix comprises about 1.5% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 13th largest position. Hodges Capital Management Inc. owned 0.22% of Nutanix worth $14,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently made changes to their positions in the company. Man Group plc grew its position in Nutanix by 7.4% in the third quarter. Man Group plc now owns 28,673 shares of the technology company’s stock valued at $1,225,000 after acquiring an additional 1,979 shares during the period. Mckinley Capital Management LLC Delaware grew its position in Nutanix by 4.2% in the fourth quarter. Mckinley Capital Management LLC Delaware now owns 146,856 shares of the technology company’s stock valued at $6,108,000 after acquiring an additional 5,950 shares during the period. Macquarie Group Ltd. grew its position in Nutanix by 101.6% in the third quarter. Macquarie Group Ltd. now owns 59,660 shares of the technology company’s stock valued at $2,549,000 after acquiring an additional 30,066 shares during the period. Stevens Capital Management LP bought a new stake in Nutanix in the fourth quarter valued at $1,274,000. Finally, Oppenheimer Asset Management Inc. grew its position in Nutanix by 30.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 23,191 shares of the technology company’s stock valued at $965,000 after acquiring an additional 5,345 shares during the period. Hedge funds and other institutional investors own 54.93% of the company’s stock.
Nutanix stock traded down $0.24 on Monday, reaching $40.42. The company’s stock had a trading volume of 2,059,544 shares, compared to its average volume of 3,955,185. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.55 and a current ratio of 2.55. The firm has a market cap of $7.40 billion, a P/E ratio of -23.92 and a beta of 0.99. Nutanix Inc has a twelve month low of $32.52 and a twelve month high of $64.87.
In other news, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $40.00, for a total transaction of $600,000.00. Following the transaction, the director now owns 54,024 shares of the company’s stock, valued at $2,160,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Sangster sold 7,916 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $51.66, for a total value of $408,940.56. Following the transaction, the executive vice president now directly owns 7,916 shares in the company, valued at approximately $408,940.56. The disclosure for this sale can be found here. Insiders have sold 42,965 shares of company stock worth $1,794,076 in the last ninety days. 14.57% of the stock is currently owned by insiders.
NTNX has been the topic of a number of analyst reports. Morgan Stanley upgraded Nutanix from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $57.00 to $58.00 in a research report on Tuesday, January 15th. Maxim Group lowered their price target on Nutanix from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Deutsche Bank initiated coverage on Nutanix in a research report on Tuesday, March 12th. They issued a “hold” rating on the stock. BTIG Research lowered their price target on Nutanix to $50.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Finally, Stifel Nicolaus lowered Nutanix from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $39.00 in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. Nutanix has a consensus rating of “Hold” and an average target price of $54.53.
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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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