Goldman Sachs Boosts Rating On Nutanix, Inc. (NTNX) To "Conviction Buy"

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Hodges Capital Management Inc. increased its position in Nutanix by 112.9% in the first quarter. Company shares have been seen trading -50.09% off of the 52 week high and 8.41% away from the 52 week low.

Several institutional investors have recently made changes to their positions in the company. First American Bank acquired a new stake in Nutanix during the second quarter worth $205,000. Bank of New York Mellon Corp boosted its stake in shares of Nutanix by 31.0% in the first quarter. Following the transaction, the executive vice president now directly owns 116,000 shares of the company's stock, valued at $1,742,320. Finally, FNY Managed Accounts LLC purchased a new stake in shares of Nutanix during the first quarter worth approximately $244,000. FMR LLC now owns 2,512,800 shares of the technology company's stock worth $66,740,000 after buying an additional 688,489 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Nutanix by 100.4% in the fourth quarter. Institutional investors own 18.39% of the company's stock. This change led market cap to move at $3.20B, putting the price -56.67% below the 52-week high and 40.96% above the 52-week low.

Nutanix Inc (NASDAQ:NTNX) now has a trailing P/E of -4.91 while its forward P/E according to Thomson Reuters is -15.84. The stock's market capitalization is $3.35 billion. The firm has a 50-day moving average of $17.95 and a 200 day moving average of $22.68.

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More interesting news about Nutanix Inc (NASDAQ:NTNX) were released by: Benzinga.com and their article: "Key Takeaways From The Nutanix NEXT Conference" published on July 05, 2017 as well as Marketwatch.com's news article titled: "Nutanix shares soar as analyst calls it "a once-in-a-decade" opportunity" with publication date: July 14, 2017. Analysts are forecasting earnings of $-0.8 on a per share basis this quarter. The business had revenue of $191.76 million during the quarter, compared to analysts' expectations of $186.56 million. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. "(NASDAQ:NTNX)" was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright law. The correct version of this news story can be accessed at https://sportsperspectives.com/2017/07/15/nutanix-inc-ntnx-shares-bought-by-nicholas-investment-partners-lp-updated-updated-updated.html.

Among 13 analysts covering Nutanix (NASDAQ:NTNX), 7 have Buy rating, 0 Sell and 6 Hold.

July 12, 2017Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, announced today the deployment of the Nutanix Enterprise Cloud Platform with Euronet Worldwide, a global leader in processing secure electronic financial and payment transactions. Credit Suisse Group reaffirmed an outperform rating and set a $38.00 target price on shares of Nutanix in a report on Monday, March 6th. The mean target of $27.50 should be compared with the price when the stock was languishing around $14.38 a share. Pacific Crest reissued an "overweight" rating and set a $34.00 price target on shares of Nutanix in a report on Tuesday, March 21st. 11,291,837 shares of the company's stock were exchanged. A total volume of 3.16 million shares were traded versus to average volume of 3.48 million shares. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Sangster sold 27,000 shares of the business's stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $15.02, for a total value of $405,540.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,268,915 shares of company stock worth $43,129,229 over the last three months. We believe IT infrastructure should provide scalability, reliability and more importantly, convenience and productivity like the public clouds - but without compromising on the control over your own datacentres.

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