International Assets Investment Management LLC Increases Position in Nutanix, Inc. (NASDAQ:NTNX)

International Assets Investment Management LLC lifted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 5,859.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,884 shares of the technology company’s stock after purchasing an additional 80,510 shares during the quarter. International Assets Investment Management LLC’s holdings in Nutanix were worth $4,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after purchasing an additional 243 shares in the last quarter. Paragon Capital Management Inc. increased its position in shares of Nutanix by 1.0% during the 3rd quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock valued at $1,545,000 after purchasing an additional 258 shares during the last quarter. Signaturefd LLC raised its position in Nutanix by 57.8% in the third quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock worth $57,000 after acquiring an additional 350 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Nutanix by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,433 shares of the technology company’s stock valued at $1,138,000 after acquiring an additional 369 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in Nutanix by 9.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the technology company’s stock worth $256,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO David Sangster sold 11,950 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the sale, the chief operating officer now owns 123,868 shares of the company’s stock, valued at $7,411,022.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the transaction, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $62.55 on Friday. The business has a 50 day simple moving average of $60.98 and a two-hundred day simple moving average of $58.52. The firm has a market capitalization of $16.59 billion, a PE ratio of -120.29, a price-to-earnings-growth ratio of 12.99 and a beta of 1.18. Nutanix, Inc. has a 1 year low of $36.73 and a 1 year high of $73.69.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The firm had revenue of $547.95 million during the quarter, compared to analyst estimates of $537.12 million. Equities research analysts expect that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NTNX. Morgan Stanley raised shares of Nutanix from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $71.00 to $72.00 in a research note on Monday, October 28th. Northland Securities lifted their target price on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Piper Sandler raised their price target on Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Barclays upped their price objective on Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Finally, Bank of America raised their target price on shares of Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Nutanix has an average rating of “Moderate Buy” and a consensus price target of $73.38.

About Nutanix

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.