Citigroup Inc. Buys 28,853 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Citigroup Inc. grew its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 22.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 155,129 shares of the technology company's stock after acquiring an additional 28,853 shares during the period. Citigroup Inc. owned about 0.06% of Nutanix worth $9,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in Nutanix by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company's stock valued at $212,548,000 after purchasing an additional 256,156 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock valued at $84,308,000 after buying an additional 477,838 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in Nutanix by 123.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company's stock valued at $81,593,000 after acquiring an additional 794,215 shares during the last quarter. Eagle Asset Management Inc. grew its stake in Nutanix by 10.2% in the third quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company's stock worth $80,287,000 after purchasing an additional 125,657 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Nutanix by 30.8% in the 2nd quarter. AQR Capital Management LLC now owns 978,329 shares of the technology company's stock valued at $55,618,000 after acquiring an additional 230,639 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Trading Down 2.1 %

NTNX traded down $1.42 during midday trading on Friday, reaching $65.28. The company's stock had a trading volume of 1,991,211 shares, compared to its average volume of 2,580,320. Nutanix, Inc. has a twelve month low of $42.22 and a twelve month high of $75.80. The stock has a market cap of $17.31 billion, a P/E ratio of -186.51, a PEG ratio of 11.04 and a beta of 1.17. The company has a fifty day simple moving average of $64.88 and a 200 day simple moving average of $59.45.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. The business had revenue of $547.95 million during the quarter, compared to analysts' expectations of $537.12 million. Nutanix had a negative net margin of 3.54% and a negative return on equity of 12.43%. Sell-side analysts expect that Nutanix, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on NTNX. Piper Sandler lifted their price objective on shares of Nutanix from $77.00 to $83.00 and gave the company an "overweight" rating in a research report on Wednesday. Raymond James lifted their target price on Nutanix from $76.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Northland Securities restated a "market perform" rating and issued a $77.00 price target (up previously from $74.00) on shares of Nutanix in a research report on Wednesday. Bank of America raised their price target on shares of Nutanix from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $78.86.

Insider Activity at Nutanix

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction dated 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 owns 192,169 shares in the company, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO David Sangster sold 11,950 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 8.80 % 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 corporate insiders.

Nutanix 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.