ING Groep NV Acquires New Shares in Nutanix, Inc. (NASDAQ:NTNX)

ING Groep NV purchased a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,700 shares of the technology company's stock, valued at approximately $1,108,000.

Several other large investors have also bought and sold shares of the company. Aigen Investment Management LP acquired a new stake in Nutanix during the 3rd quarter worth about $590,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Nutanix by 75.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,600 shares of the technology company's stock worth $510,000 after acquiring an additional 3,700 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Nutanix during the 3rd quarter worth about $1,001,000. Versor Investments LP raised its stake in shares of Nutanix by 211.7% during the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company's stock worth $1,976,000 after purchasing an additional 22,652 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. purchased a new stake in shares of Nutanix during the 3rd quarter worth about $1,827,000. Institutional investors own 85.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Northland Securities raised their price objective on Nutanix from $71.00 to $74.00 and gave the company a "market perform" rating in a research note on Friday, August 30th. Bank of America raised their price objective on Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Royal Bank of Canada raised their target price on Nutanix from $70.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, August 29th. Morgan Stanley raised Nutanix from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $71.00 to $72.00 in a report on Monday, October 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $80.00 target price on shares of Nutanix in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $73.86.

Nutanix Trading Down 1.3 %

NTNX stock traded down $0.87 during trading on Monday, hitting $68.66. The company had a trading volume of 1,208,256 shares, compared to its average volume of 2,481,143. The company has a fifty day moving average price of $62.90 and a two-hundred day moving average price of $59.07. The company has a market cap of $18.21 billion, a P/E ratio of -133.71, a P/E/G ratio of 13.22 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $39.15 and a fifty-two week high of $73.69.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $537.12 million. On average, analysts expect that Nutanix, Inc. will post 0.27 earnings per share for the current year.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the business's 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 sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. The trade was a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO David Sangster sold 11,950 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares of the company's stock, valued at approximately $7,411,022.44. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

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.