SG Americas Securities LLC Purchases 85,959 Shares of Nutanix, Inc. (NASDAQ:NTNX)

SG Americas Securities LLC boosted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 950.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,006 shares of the technology company’s stock after acquiring an additional 85,959 shares during the period. SG Americas Securities LLC’s holdings in Nutanix were worth $5,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Nutanix in the 2nd quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Nutanix during the fourth quarter worth $29,000. GAMMA Investing LLC acquired a new stake in shares of Nutanix during the fourth quarter valued at about $30,000. Kapitalo Investimentos Ltda acquired a new position in shares of Nutanix during the fourth quarter worth $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Nutanix in the fourth quarter valued at about $40,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of NTNX traded up $0.66 during midday trading on Friday, reaching $49.82. The stock had a trading volume of 1,846,167 shares, compared to its average volume of 2,746,511. Nutanix, Inc. has a 1-year low of $29.18 and a 1-year high of $73.69. The company’s fifty day simple moving average is $52.79 and its two-hundred day simple moving average is $59.08. The company has a market cap of $12.29 billion, a price-to-earnings ratio of -711.71, a PEG ratio of 4.45 and a beta of 1.16.

Nutanix (NASDAQ:NTNX – Get Free Report) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate 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 business had revenue of $524.58 million during the quarter, compared to analysts’ expectations of $516.13 million. On average, sell-side analysts forecast that Nutanix, Inc. will post 0.12 earnings per share for the current year.

Insider Activity

In related news, COO David Sangster sold 10,384 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the transaction, the chief operating officer now owns 64,333 shares in the company, valued at $3,486,205.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total transaction of $668,762.52. Following the sale, the chief financial officer now owns 144,902 shares in the company, valued at $7,711,684.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the completion of the transaction, the chief operating officer now directly owns 64,333 shares of the company’s stock, valued at $3,486,205.27. 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 quarter. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Nutanix from $70.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. Morgan Stanley reduced their price target on shares of Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. Raymond James increased their price target on Nutanix from $72.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th. Finally, Northland Securities lowered Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 price objective for the company. in a research note on Thursday, May 30th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.00.

View Our Latest Research 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.

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