First Mercantile Trust Co. Has $384,000 Stake in Nutanix Inc (NTNX)

First Mercantile Trust Co. grew its position in shares of Nutanix Inc (NASDAQ:NTNX) by 12.5% during the first quarter, HoldingsChannel.com reports. The firm owned 10,178 shares of the technology company’s stock after buying an additional 1,128 shares during the period. First Mercantile Trust Co.’s holdings in Nutanix were worth $384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Nutanix by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,482,788 shares of the technology company’s stock valued at $106,065,000 after purchasing an additional 15,922 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Nutanix by 6.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 372,752 shares of the technology company’s stock valued at $15,923,000 after purchasing an additional 22,886 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Nutanix by 16.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 174,302 shares of the technology company’s stock valued at $7,446,000 after purchasing an additional 24,815 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Nutanix by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 10,774,780 shares of the technology company’s stock valued at $460,298,000 after purchasing an additional 387,316 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Nutanix by 32.6% during the 4th quarter. State of Alaska Department of Revenue now owns 17,287 shares of the technology company’s stock valued at $718,000 after purchasing an additional 4,248 shares during the last quarter. Institutional investors own 52.85% of the company’s stock.

Nutanix stock opened at $37.25 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.55 and a current ratio of 2.55. Nutanix Inc has a 1-year low of $32.52 and a 1-year high of $64.87. The stock has a market capitalization of $6.99 billion, a P/E ratio of -22.04 and a beta of 1.07.



Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, February 28th. The technology company reported ($0.55) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.57) by $0.02. Nutanix had a negative net margin of 31.41% and a negative return on equity of 90.83%. The company had revenue of $335.36 million for the quarter, compared to analyst estimates of $331.04 million. Sell-side analysts expect that Nutanix Inc will post -2.95 EPS for the current fiscal year.

In related news, Director John Mcadam sold 15,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $40.00, for a total value of $600,000.00. Following the sale, the director now directly owns 54,024 shares of the company’s stock, valued at approximately $2,160,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tyler Wall sold 12,132 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $41.23, for a total transaction of $500,202.36. The disclosure for this sale can be found here. Insiders sold a total of 35,049 shares of company stock worth $1,385,135 over the last three months. 14.57% of the stock is currently owned by corporate insiders.

Several research analysts have commented on the stock. William Blair reissued an “outperform” rating on shares of Nutanix in a report on Monday. Odeon Capital Group assumed coverage on shares of Nutanix in a report on Thursday, May 9th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, May 1st. Maxim Group reaffirmed a “buy” rating and issued a $58.00 price target (down previously from $62.00) on shares of Nutanix in a report on Friday, March 22nd. Finally, Jefferies Financial Group increased their price target on shares of Nutanix from $42.00 to $49.00 in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Nutanix has an average rating of “Buy” and a consensus target price of $53.31.

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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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