Harbourvest Partners LLC Buys New Holdings in Nutanix Inc (NASDAQ:NTNX)

Harbourvest Partners LLC bought a new stake in Nutanix Inc (NASDAQ:NTNX) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 259,851 shares of the technology company’s stock, valued at approximately $6,741,000. Nutanix comprises approximately 2.5% of Harbourvest Partners LLC’s portfolio, making the stock its 9th biggest position.

A number of other large investors have also recently modified their holdings of NTNX. Dimensional Fund Advisors LP raised its holdings in Nutanix by 10.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 191,993 shares of the technology company’s stock valued at $7,983,000 after acquiring an additional 17,691 shares in the last quarter. Geode Capital Management LLC raised its holdings in Nutanix by 18.0% in the fourth quarter. Geode Capital Management LLC now owns 919,666 shares of the technology company’s stock valued at $38,248,000 after acquiring an additional 140,610 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Nutanix in the first quarter valued at approximately $108,000. Raymond James & Associates raised its holdings in Nutanix by 19.2% in the first quarter. Raymond James & Associates now owns 239,996 shares of the technology company’s stock valued at $9,057,000 after acquiring an additional 38,685 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Nutanix by 7.7% in the first quarter. Great West Life Assurance Co. Can now owns 54,378 shares of the technology company’s stock valued at $2,046,000 after acquiring an additional 3,871 shares in the last quarter. 64.76% of the stock is currently owned by hedge funds and other institutional investors.

NTNX stock traded up $0.20 during midday trading on Wednesday, reaching $25.80. 499,775 shares of the company were exchanged, compared to its average volume of 5,042,739. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.41 and a current ratio of 2.41. The company has a market cap of $4.73 billion, a price-to-earnings ratio of -8.11 and a beta of 1.28. The stock’s 50-day simple moving average is $22.38 and its 200 day simple moving average is $30.38. Nutanix Inc has a 1-year low of $17.74 and a 1-year high of $54.68.



Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, August 28th. The technology company reported ($0.96) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.05) by $0.09. The business had revenue of $299.90 million for the quarter, compared to analyst estimates of $293.49 million. Nutanix had a negative net margin of 50.25% and a negative return on equity of 150.86%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) earnings per share. On average, research analysts anticipate that Nutanix Inc will post -4.4 earnings per share for the current year.

Several analysts recently weighed in on the stock. 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 report on Wednesday, August 28th. William Blair reissued a “buy” rating on shares of Nutanix in a report on Thursday, August 29th. Piper Jaffray Companies cut their price objective on shares of Nutanix from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, August 27th. Wells Fargo & Co cut their price objective on shares of Nutanix from $35.00 to $25.00 in a report on Thursday, August 29th. Finally, ValuEngine raised shares of Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Nutanix currently has a consensus rating of “Buy” and a consensus price target of $37.31.

In other news, CEO Dheeraj Pandey sold 9,489 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 250,975 shares in the company, valued at $6,703,542.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Duston Williams sold 19,610 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $26.71, for a total transaction of $523,783.10. Following the transaction, the chief financial officer now owns 218,596 shares in the company, valued at $5,838,699.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,951 shares of company stock worth $933,541. Insiders own 14.57% of the company’s stock.

Nutanix 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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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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