ProShare Advisors LLC Raises Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

ProShare Advisors LLC lifted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 13.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,235 shares of the technology company’s stock after purchasing an additional 882 shares during the quarter. ProShare Advisors LLC’s holdings in Nutanix were worth $447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Generation Investment Management LLP lifted its position in Nutanix by 1.8% in the 4th quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company’s stock worth $823,014,000 after buying an additional 300,942 shares during the last quarter. FIL Ltd lifted its position in Nutanix by 74.7% in the 4th quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock worth $424,830,000 after buying an additional 3,809,981 shares during the last quarter. Norges Bank bought a new stake in Nutanix in the 4th quarter worth approximately $137,465,000. Nordea Investment Management AB lifted its position in Nutanix by 387.1% in the 1st quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock worth $162,229,000 after buying an additional 2,076,377 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Nutanix by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,151,300 shares of the technology company’s stock worth $102,595,000 after buying an additional 114,687 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Down 2.5 %

Shares of NTNX stock opened at $48.92 on Thursday. The business’s fifty day moving average is $57.72 and its 200 day moving average is $59.30. Nutanix, Inc. has a twelve month low of $28.49 and a twelve month high of $73.69.

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

Insider Buying and Selling

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

Analysts Set New Price Targets

NTNX has been the subject of several recent research reports. Needham & Company LLC boosted their price objective on Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Susquehanna boosted their price objective on Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Wednesday, April 10th. Morgan Stanley lowered their price objective on Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. Northland Securities downgraded Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 price objective for the company. in a research report on Thursday, May 30th. Finally, Raymond James boosted their price objective on Nutanix from $72.00 to $76.00 and gave the company 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 stock. According to data from MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

View Our Latest Research Report on Nutanix

Nutanix Company 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.

Further Reading

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