Tidal Investments LLC Acquires 6,364 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Tidal Investments LLC increased its holdings in Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 37.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,551 shares of the technology company’s stock after acquiring an additional 6,364 shares during the period. Tidal Investments LLC’s holdings in Nutanix were worth $1,454,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NTNX. Vanguard Group Inc. raised its stake in shares of Nutanix by 1.4% in the first 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 last quarter. Generation Investment Management LLP raised 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 valued at $823,014,000 after buying an additional 300,942 shares during the last quarter. FIL Ltd raised 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 valued at $424,830,000 after buying an additional 3,809,981 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Nutanix by 29.2% during 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 acquiring an additional 985,421 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. lifted its stake in Nutanix by 13.1% during the 1st 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 acquiring an additional 462,000 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling at Nutanix

In other news, CEO Rajiv Ramaswami sold 23,986 shares of the firm’s 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Rajiv Ramaswami sold 23,986 shares of the 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 sale, the chief executive officer now owns 407,045 shares of the company’s stock, valued at approximately $22,057,768.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $668,762.52. Following the completion of the transaction, the chief financial officer now owns 144,902 shares of the company’s stock, valued at approximately $7,711,684.44. The disclosure for this sale can be found here. Insiders have sold 46,936 shares of company stock valued at $2,531,273 in the last 90 days. 0.46% of the stock is currently owned by company insiders.

Nutanix Stock Performance

Shares of Nutanix stock opened at $47.23 on Friday. The stock has a market capitalization of $11.65 billion, a P/E ratio of -674.62, a P/E/G ratio of 4.45 and a beta of 1.16. Nutanix, Inc. has a 52-week low of $28.61 and a 52-week high of $73.69. The stock’s 50-day simple moving average is $54.59 and its 200 day simple moving average is $59.31.

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

Analyst Ratings Changes

Several research firms have recently issued reports on NTNX. Susquehanna upped their target price on shares of Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research note on Wednesday, April 10th. KeyCorp increased their price objective on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Northland Securities lowered Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 target price for the company. in a report on Thursday, May 30th. Finally, Raymond James lifted their price target on Nutanix from $72.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

View Our Latest Research Report on Nutanix

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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