Short Interest in Nutanix Inc. (NTNX) Declines By 9.8%

Bessemer Group Inc. raised its stake in Nutanix Inc. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The institutional investor owned 104,660 shares of the technology company's stock after buying an additional 57,916 shares during the period. IPG Investment Advisors LLC's holdings in Nutanix were worth $750,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. IL purchased a new stake in shares of Nutanix during the first quarter valued at $342,000. Quantbot Technologies LP now owns 14,202 shares of the technology company's stock worth $266,000 after buying an additional 5,673 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Nutanix during the first quarter worth approximately $211,000. Finally, New Jersey Better Educational Savings Trust purchased a new stake in shares of Nutanix during the first quarter valued at $394,000. The fund owned 37,225 shares of the technology company's stock after buying an additional 25,225 shares during the period. Ameriprise Financial Inc. now owns 155,418 shares of the technology company's stock valued at $2,916,000 after buying an additional 64,102 shares during the period. 2,138,182 shares of the company's stock traded hands. Nutanix Inc. has a one year low of $14.38 and a one year high of $46.78. (NASDAQ NTNX) opened at 21.48 on Friday. The company's 50 day moving average price is $21.03 and its 200 day moving average price is $21.38. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents.

Nutanix Inc. (NASDAQ:NTNX) was the recipient of a large drop in short interest during the month of July. The technology company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.45) by $0.32. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The business had revenue of $191.76 million for the quarter, compared to the consensus estimate of $186.56 million. The company's revenue was up 67.2% on a year-over-year basis.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, May 25th.

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The legal version of this article can be read at https://www.thestockobserver.com/2017/08/12/147825-shares-in-nutanix-inc-ntnx-acquired-by-lafleur-godfrey-llc.html.

A number of equities analysts have recently commented on the stock. JMP Securities set a $35.00 target price on shares of Nutanix and gave the company a "buy" rating in a research note on Tuesday, April 18th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Nutanix from a "neutral" rating to a "buy" rating and set a $31.00 target price for the company in a research note on Monday, May 22nd. Pacific Crest reaffirmed an "overweight" rating and issued a $30.00 price target on shares of Nutanix in a research note on Tuesday, May 30th. Susquehanna Bancshares Inc reaffirmed a "neutral" rating and issued a $19.00 target price (up previously from $18.00) on shares of Nutanix in a research note on Monday, May 29th. Robert W. Baird reaffirmed a "buy" rating on shares of Nutanix in a research note on Friday, May 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. The stock has a consensus rating of "Buy" and an average price target of $32.01.

Nutanix Inc. (NASDAQ:NTNX) SVP Rajiv Mirani sold 20,000 shares of the company's stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $24.00, for a total value of $720,000.00. Following the transaction, the insider now owns 144,165 shares in the company, valued at approximately $2,498,379.45. Also, EVP David Sangster sold 27,000 shares of the firm's stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $19.76, for a total value of $592,800.00. Following the transaction, the vice president now owns 240,234 shares in the company, valued at $5,765,616. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,563,737 shares of company stock worth $71,765,588.

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.

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