Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL boosted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 3.1% during the second quarter, Holdings Channel.com reports. The fund owned 39,004 shares of the technology company’s stock after purchasing an additional 1,186 shares during the quarter. Blair William & Co. IL’s holdings in Nutanix were worth $2,217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Nutanix by 18.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 708,905 shares of the technology company’s stock valued at $33,807,000 after purchasing an additional 111,330 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Nutanix during the 4th quarter worth approximately $834,000. Quest Partners LLC purchased a new stake in Nutanix during the 4th quarter worth approximately $87,000. Aigen Investment Management LP acquired a new position in shares of Nutanix during the fourth quarter valued at approximately $201,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of Nutanix in the fourth quarter valued at approximately $522,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on NTNX. Raymond James boosted their price target on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. KeyCorp increased their target price on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Bank of America boosted their price target on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Royal Bank of Canada raised their target price on shares of Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley upped their price target on Nutanix from $62.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.31.

Insiders Place Their Bets

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. The disclosure for this sale can be found here. 0.46% of the stock is owned by insiders.

Nutanix Trading Up 3.1 %

Shares of NTNX opened at $60.82 on Monday. The company’s 50-day moving average price is $53.78 and its 200 day moving average price is $58.79. Nutanix, Inc. has a 12-month low of $33.52 and a 12-month high of $73.69. The firm has a market cap of $15.00 billion, a P/E ratio of -868.86, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19.

Nutanix (NASDAQ:NTNX) last released 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 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 the consensus estimate of $537.12 million. Equities research analysts forecast that Nutanix, Inc. will post 0.27 earnings per share for the current year.

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.