O Shaughnessy Asset Management LLC Makes New $213,000 Investment in Nutanix, Inc. (NASDAQ:NTNX)

O Shaughnessy Asset Management LLC purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,449 shares of the technology company’s stock, valued at approximately $213,000.

Several other institutional investors also recently modified their holdings of NTNX. Atlantic Edge Private Wealth Management LLC bought a new position in Nutanix during the 4th quarter worth $29,000. GAMMA Investing LLC acquired a new stake in shares of Nutanix in the fourth quarter valued at about $30,000. Kapitalo Investimentos Ltda bought a new position in shares of Nutanix during the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Nutanix in the fourth quarter worth approximately $40,000. Finally, Fifth Third Bancorp bought a new stake in Nutanix in the fourth quarter valued at approximately $62,000. Institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 3.0 %

Shares of NTNX stock opened at $49.00 on Friday. The firm has a fifty day simple moving average of $55.10 and a two-hundred day simple moving average of $59.27. Nutanix, Inc. has a 12 month low of $28.49 and a 12 month high of $73.69. The firm has a market capitalization of $12.09 billion, a PE ratio of -700.00, a price-to-earnings-growth ratio of 10.07 and a beta of 1.16.

Nutanix (NASDAQ:NTNX – Get Free Report) last posted its earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.12. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. The company had revenue of $524.58 million during the quarter, compared to the consensus estimate of $516.13 million. On average, equities analysts predict that Nutanix, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at Nutanix

In related news, COO David Sangster sold 10,384 shares of Nutanix 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 transaction, the chief operating officer now owns 64,333 shares of the company’s stock, valued at $3,486,205.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO David Sangster sold 10,384 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the completion of the sale, the chief operating officer now owns 64,333 shares in the company, valued at $3,486,205.27. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 23,986 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $1,299,801.34. Following the transaction, the chief executive officer now owns 407,045 shares in the company, valued at $22,057,768.55. The disclosure for this sale can be found here. Insiders sold a total of 46,936 shares of company stock valued at $2,531,273 over the last ninety days. 0.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on NTNX. Northland Securities downgraded shares of Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 price target on the stock. in a research report on Thursday, May 30th. Northland Capmk lowered shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th. Raymond James upped their price target on shares of Nutanix from $72.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Barclays lowered their price objective on Nutanix from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Finally, Susquehanna upped their target price on Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Wednesday, April 10th. 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Read Our Latest Research Report on Nutanix

Nutanix Profile

(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.

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