BNP Paribas Arbitrage SA Has $617,000 Stake in Nutanix Inc. (NTNX)
BNP Paribas Arbitrage SA increased its position in Nutanix Inc. (NASDAQ:NTNX) by 551.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,541 shares of the technology company’s stock after buying an additional 23,316 shares during the period. BNP Paribas Arbitrage SA’s holdings in Nutanix were worth $617,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Thompson Davis & CO. Inc. raised its position in shares of Nutanix by 320.0% in the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after buying an additional 4,000 shares during the last quarter. Legal & General Group Plc grew its holdings in Nutanix by 3,147.6% in the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after purchasing an additional 8,530 shares during the period. SG Americas Securities LLC purchased a new stake in Nutanix in the second quarter valued at approximately $186,000. PNC Financial Services Group Inc. purchased a new stake in Nutanix in the second quarter valued at approximately $208,000. Finally, Iron Financial LLC purchased a new stake in Nutanix in the third quarter valued at approximately $235,000. 35.35% of the stock is owned by institutional investors and hedge funds.
NTNX has been the subject of a number of recent analyst reports. William Blair restated a “buy” rating on shares of Nutanix in a report on Thursday, August 31st. JMP Securities restated an “outperform” rating and issued a $35.00 target price on shares of Nutanix in a report on Sunday, September 3rd. ValuEngine downgraded shares of Nutanix from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Oppenheimer restated a “buy” rating and issued a $34.00 target price on shares of Nutanix in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Nutanix presently has an average rating of “Buy” and a consensus target price of $34.71.
Nutanix Inc. (NASDAQ NTNX) opened at $35.30 on Thursday. Nutanix Inc. has a 52 week low of $14.38 and a 52 week high of $38.28.
Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. The business had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 363.55%. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.37) earnings per share. equities research analysts expect that Nutanix Inc. will post -1.98 earnings per share for the current fiscal year.
In related news, EVP David Sangster sold 5,891 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $22.39, for a total value of $131,899.49. Following the sale, the executive vice president now directly owns 89,000 shares of the company’s stock, valued at $1,992,710. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Sudheesh Nair Vadakkedath sold 50,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $21.39, for a total transaction of $1,069,500.00. Following the completion of the sale, the president now directly owns 310,519 shares in the company, valued at $6,642,001.41. The disclosure for this sale can be found here. Insiders sold 1,791,869 shares of company stock valued at $50,409,588 over the last 90 days. Insiders own 19.81% of the company’s stock.
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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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