Edmond DE Rothschild Holding S.A. lessened its stake in Nutanix Inc (NASDAQ:NTNX) by 45.8% during the 4th quarter, Holdings Channel reports. The firm owned 11,834 shares of the technology company’s stock after selling 9,989 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Nutanix were worth $492,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of NTNX. Parallel Advisors LLC grew its stake in shares of Nutanix by 228.6% during the fourth quarter. Parallel Advisors LLC now owns 782 shares of the technology company’s stock worth $32,000 after acquiring an additional 544 shares during the last quarter. First Hawaiian Bank purchased a new stake in shares of Nutanix during the fourth quarter worth about $35,000. Avestar Capital LLC grew its stake in shares of Nutanix by 298.2% during the fourth quarter. Avestar Capital LLC now owns 1,521 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,139 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of Nutanix during the fourth quarter worth about $50,000. Finally, Captrust Financial Advisors grew its stake in shares of Nutanix by 89.3% during the fourth quarter. Captrust Financial Advisors now owns 1,552 shares of the technology company’s stock worth $65,000 after acquiring an additional 732 shares during the last quarter. Institutional investors own 55.08% of the company’s stock.
Nutanix stock opened at $38.27 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.71 and a quick ratio of 2.71. Nutanix Inc has a 52 week low of $32.52 and a 52 week high of $64.87. The stock has a market cap of $6.80 billion, a P/E ratio of -22.64 and a beta of 1.06.
In related news, COO David Sangster sold 7,917 shares of Nutanix stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $35.99, for a total transaction of $284,932.83. Following the completion of the sale, the chief operating officer now owns 7,917 shares of the company’s stock, valued at $284,932.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tyler Wall sold 34,144 shares of Nutanix stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $40.36, for a total value of $1,378,051.84. Following the sale, the insider now directly owns 335 shares of the company’s stock, valued at approximately $13,520.60. The disclosure for this sale can be found here. Insiders have sold 242,959 shares of company stock valued at $10,004,133 in the last ninety days. Corporate insiders own 14.57% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Deutsche Bank assumed coverage on Nutanix in a research note on Tuesday, March 12th. They set a “hold” rating on the stock. Stifel Nicolaus lowered Nutanix from a “buy” rating to a “hold” rating and dropped their price target for the stock from $55.00 to $39.00 in a research note on Friday, March 1st. Maxim Group dropped their price target on Nutanix from $72.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Jefferies Financial Group upgraded Nutanix from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Monday, March 11th. Finally, Oppenheimer lowered Nutanix from an “outperform” rating to a “market perform” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $54.36.
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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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