Fisher Asset Management LLC Has $26.44 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Fisher Asset Management LLC lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 27.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 446,287 shares of the technology company's stock after purchasing an additional 95,498 shares during the period. Fisher Asset Management LLC owned 0.17% of Nutanix worth $26,443,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC acquired a new position in Nutanix during the first quarter valued at approximately $213,000. Tidal Investments LLC grew its stake in Nutanix by 37.0% in the 1st quarter. Tidal Investments LLC now owns 23,551 shares of the technology company's stock valued at $1,454,000 after buying an additional 6,364 shares during the last quarter. Burney Co. bought a new position in Nutanix in the 1st quarter worth $688,000. Cetera Investment Advisers lifted its position in Nutanix by 48.7% during the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company's stock worth $4,697,000 after acquiring an additional 24,918 shares during the last quarter. Finally, Cetera Advisors LLC bought a new stake in Nutanix during the first quarter valued at about $3,141,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Trading Down 7.8 %

NTNX stock traded down $5.62 during trading on Wednesday, hitting $66.73. The company had a trading volume of 5,243,259 shares, compared to its average volume of 2,570,835. The company has a fifty day moving average price of $64.45 and a two-hundred day moving average price of $59.35. Nutanix, Inc. has a fifty-two week low of $40.44 and a fifty-two week high of $75.80. The company has a market cap of $17.70 billion, a P/E ratio of -130.25, a P/E/G ratio of 12.05 and a beta of 1.17.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. On average, analysts expect that Nutanix, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

NTNX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Nutanix from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, August 29th. Bank of America increased their price objective on Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Northland Securities reaffirmed a "market perform" rating and set a $77.00 target price (up previously from $74.00) on shares of Nutanix in a research report on Wednesday. Needham & Company LLC increased their price target on shares of Nutanix from $80.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Wells Fargo & Company raised their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the 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, COO David Sangster sold 11,950 shares of the company'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 transaction, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. This represents a 8.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm's 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 of the company's stock, valued at $11,309,145.65. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

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.