Diversified Trust Co increased its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 46.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,666 shares of the technology company's stock after buying an additional 11,668 shares during the period. Diversified Trust Co's holdings in Nutanix were worth $2,084,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Nutanix by 1.4% in the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company's stock worth $1,548,378,000 after buying an additional 346,414 shares during the last quarter. Generation Investment Management LLP increased its stake in shares of Nutanix by 1.8% in the fourth quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company's stock worth $823,014,000 after buying an additional 300,942 shares during the last quarter. FIL Ltd increased its stake in shares of Nutanix by 74.7% in the fourth quarter. FIL Ltd now owns 8,908,166 shares of the technology company's stock worth $424,830,000 after buying an additional 3,809,981 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Nutanix by 29.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company's stock worth $269,024,000 after buying an additional 985,421 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. increased its stake in shares of Nutanix by 13.1% in the first quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company's stock worth $246,196,000 after buying an additional 462,000 shares during the last quarter. Institutional investors own 85.25% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Northland Capmk downgraded shares of Nutanix from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 30th. Needham & Company LLC boosted their price target on shares of Nutanix from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, May 30th. Northland Securities downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating and set a $71.00 price objective for the company. in a report on Thursday, May 30th. Raymond James boosted their price target on shares of Nutanix from $72.00 to $76.00 and gave the stock an "outperform" rating in a research report on Thursday, May 30th. Finally, KeyCorp boosted their price objective on Nutanix from $69.00 to $79.00 and gave the stock an "overweight" rating in a report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $72.00.
View Our Latest Analysis on Nutanix
Insider Activity at Nutanix
In related news, CFO Rukmini Sivaraman sold 12,566 shares of the company's stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total value of $668,762.52. Following the completion of the transaction, the chief financial officer now directly owns 144,902 shares in the company, valued at $7,711,684.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO David Sangster sold 10,384 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares in the company, valued at $3,486,205.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 12,566 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total value of $668,762.52. Following the sale, the chief financial officer now owns 144,902 shares in the company, valued at approximately $7,711,684.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,936 shares of company stock worth $2,531,273. 0.46% of the stock is owned by corporate insiders.
Nutanix Trading Up 0.8 %
Nutanix stock traded up $0.43 during trading hours on Wednesday, reaching $51.26. 1,360,826 shares of the company were exchanged, compared to its average volume of 2,723,457. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of -727.14, a PEG ratio of 4.45 and a beta of 1.16. The stock has a 50-day moving average of $52.66 and a 200 day moving average of $59.03. Nutanix, Inc. has a 12 month low of $29.25 and a 12 month high of $73.69.
Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.12. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. The company had revenue of $524.58 million during the quarter, compared to analyst estimates of $516.13 million. As a group, research analysts forecast that Nutanix, Inc. will post 0.12 EPS for the current year.
Nutanix Profile
(
Free Report)
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.
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