Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 35.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 933 shares of the technology company’s stock after acquiring an additional 243 shares during the quarter. GAMMA Investing LLC’s holdings in Nutanix were worth $53,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NTNX. Vanguard Group Inc. grew its position in Nutanix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after purchasing an additional 346,414 shares during the period. Generation Investment Management LLP grew its stake in shares of Nutanix by 1.8% during the 4th quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company’s stock worth $823,014,000 after purchasing an additional 300,942 shares during the period. FIL Ltd increased its holdings in shares of Nutanix by 74.7% during the 4th quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock valued at $424,830,000 after purchasing an additional 3,809,981 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Nutanix by 29.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock valued at $269,024,000 after purchasing an additional 985,421 shares during the period. Finally, Jericho Capital Asset Management L.P. grew its position in Nutanix by 13.1% during the first quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company’s stock valued at $246,196,000 after buying an additional 462,000 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of Nutanix stock traded up $0.66 on Friday, reaching $49.82. The company had a trading volume of 1,846,167 shares, compared to its average volume of 2,746,511. The firm’s 50 day moving average price is $52.79 and its two-hundred day moving average price is $59.06. Nutanix, Inc. has a 52-week low of $29.18 and a 52-week high of $73.69. The firm has a market cap of $12.29 billion, a PE ratio of -711.71, a PEG ratio of 4.45 and a beta of 1.16.

Nutanix (NASDAQ:NTNX – Get Free Report) last announced its earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. The company had revenue of $524.58 million for the quarter, compared to analyst estimates of $516.13 million. As a group, sell-side analysts predict that Nutanix, Inc. will post 0.12 EPS for the current year.

Insider Activity at Nutanix

In related news, CFO Rukmini Sivaraman sold 12,566 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total transaction of $668,762.52. Following the completion of the transaction, the chief financial officer now directly owns 144,902 shares in the company, valued at approximately $7,711,684.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Rukmini Sivaraman sold 12,566 shares of Nutanix stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total value of $668,762.52. Following the completion of the transaction, the chief financial officer now owns 144,902 shares in the company, valued at approximately $7,711,684.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO David Sangster sold 10,384 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares in the company, valued at $3,486,205.27. The disclosure for this sale can be found here. Insiders sold 46,936 shares of company stock worth $2,531,273 in the last three months. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NTNX shares. Barclays lowered their price target on Nutanix from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. JPMorgan Chase & Co. lifted their target price on shares of Nutanix from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. KeyCorp upped their price target on shares of Nutanix from $69.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Royal Bank of Canada lifted their price objective on Nutanix from $72.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Finally, Raymond James boosted their price target on Nutanix from $72.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

View Our Latest Stock Report on NTNX

About Nutanix

(Free Report)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.

Featured Articles

Receive News & Ratings for Nutanix Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nutanix and related companies with MarketBeat.com’s FREE daily email newsletter.