Itau Unibanco Holding S.A. Makes New $32,000 Investment in Nutanix, Inc. (NASDAQ:NTNX)

Itau Unibanco Holding S.A. purchased a new stake in Nutanix, Inc. (NASDAQ:NTNX) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 556 shares of the technology company’s stock, valued at approximately $32,000.

Other large investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Nutanix during the 2nd quarter valued at $25,000. Kapitalo Investimentos Ltda purchased a new position in Nutanix during the 4th quarter worth $37,000. GAMMA Investing LLC increased its position in Nutanix by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock valued at $53,000 after buying an additional 243 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Nutanix in the first quarter valued at about $64,000. Finally, Versant Capital Management Inc boosted its holdings in Nutanix by 18,916.7% in the second quarter. Versant Capital Management Inc now owns 1,141 shares of the technology company’s stock worth $65,000 after acquiring an additional 1,135 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Trading Up 3.1 %

Shares of NTNX stock opened at $60.82 on Monday. Nutanix, Inc. has a twelve month low of $33.52 and a twelve month high of $73.69. The stock has a market cap of $15.00 billion, a P/E ratio of -868.86, a P/E/G ratio of 12.07 and a beta of 1.19. The stock has a 50 day moving average of $53.78 and a 200 day moving average of $58.79.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.88%. The business had revenue of $547.95 million for the quarter, compared to analysts’ expectations of $537.12 million. On average, research analysts predict that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NTNX shares. Northland Securities upped their price objective on shares of Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, August 30th. Barclays upped their price target on shares of Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Raymond James raised their price target on shares of Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. KeyCorp boosted their price objective on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Finally, Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.31.

Insider Activity at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO David Sangster sold 11,950 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the transaction, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the sale, the chief financial officer now directly owns 192,169 shares in the company, valued at approximately $11,309,145.65. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders.

Nutanix Company Profile

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.