Franklin Resources Inc. decreased its position in Nutanix Inc (NASDAQ:NTNX) by 78.5% during the fourth quarter, Holdings Channel reports. The firm owned 84,600 shares of the company’s stock after selling 308,400 shares during the period. Franklin Resources Inc.’s holdings in Nutanix were worth $2,247,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in NTNX. Picton Mahoney Asset Management bought a new position in Nutanix during the third quarter worth $185,000. Mark Asset Management Corp bought a new position in Nutanix during the third quarter worth $222,000. TD Asset Management Inc. bought a new position in Nutanix during the third quarter worth $259,000. SG Americas Securities LLC bought a new position in Nutanix during the third quarter worth $282,000. Finally, Geduld E E bought a new position in Nutanix during the third quarter worth $422,000. 14.81% of the stock is currently owned by institutional investors.
Shares of Nutanix Inc (NASDAQ:NTNX) opened at 20.32 on Tuesday. The stock’s market cap is $2.91 billion. The company has a 50 day moving average price of $27.84 and a 200 day moving average price of $29.18. Nutanix Inc has a 12-month low of $20.00 and a 12-month high of $46.78.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, March 2nd. The company reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.07. The firm earned $182.20 million during the quarter, compared to analysts’ expectations of $178.40 million. The firm’s quarterly revenue was up 77.4% on a year-over-year basis. Analysts anticipate that Nutanix Inc will post ($1.49) earnings per share for the current fiscal year.
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A number of equities analysts have weighed in on the company. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Nutanix in a research note on Thursday, December 1st. KeyCorp boosted their price objective on Nutanix from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 30th. Robert W. Baird reissued an “outperform” rating and set a $37.00 price objective on shares of Nutanix in a research note on Tuesday, February 28th. Credit Suisse Group AG reissued an “outperform” rating and set a $38.00 price objective on shares of Nutanix in a research note on Monday, March 6th. Finally, Summit Redstone reissued a “sell” rating on shares of Nutanix in a research note on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $34.29.
Nutanix Company Profile
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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