&Partners Acquires Shares of 9,593 Nutanix, Inc. (NASDAQ:NTNX)

&PARTNERS bought a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,593 shares of the technology company's stock, valued at approximately $545,000.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Nutanix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company's stock valued at $1,548,378,000 after purchasing an additional 346,414 shares during the last quarter. Generation Investment Management LLP increased its stake in Nutanix by 1.8% in the fourth quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company's stock valued at $823,014,000 after acquiring an additional 300,942 shares during the last quarter. FIL Ltd increased its stake in Nutanix by 74.7% in the fourth quarter. FIL Ltd now owns 8,908,166 shares of the technology company's stock valued at $424,830,000 after acquiring an additional 3,809,981 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in 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 valued at $269,024,000 after acquiring an additional 985,421 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. increased its stake in 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 valued at $246,196,000 after acquiring an additional 462,000 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 12,566 shares of the business's stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total transaction of $668,762.52. Following the completion of the sale, the chief financial officer now directly owns 144,902 shares of the company's stock, valued at $7,711,684.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Nutanix news, CEO Rajiv Ramaswami sold 23,986 shares of the company's stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $1,299,801.34. Following the completion of the sale, the chief executive officer now directly owns 407,045 shares of the company's stock, valued at approximately $22,057,768.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 12,566 shares of the company's stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total transaction of $668,762.52. Following the completion of the sale, the chief financial officer now directly owns 144,902 shares of the company's stock, valued at $7,711,684.44. The disclosure for this sale can be found here. Insiders sold a total of 46,936 shares of company stock valued at $2,531,273 over the last three months. Corporate insiders own 0.46% of the company's stock.

Nutanix Stock Up 1.4 %

NTNX traded up $0.74 during midday trading on Friday, hitting $53.35. The company had a trading volume of 1,357,992 shares, compared to its average volume of 2,680,054. Nutanix, Inc. has a 52 week low of $29.25 and a 52 week high of $73.69. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of -762.14, a PEG ratio of 4.45 and a beta of 1.16. The stock's 50 day moving average price is $52.53 and its 200 day moving average price is $58.76.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.12. The company had revenue of $524.58 million during the quarter, compared to the consensus estimate of $516.13 million. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. Research analysts predict that Nutanix, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of Nutanix from $72.00 to $80.00 and gave the company an "overweight" rating in a research report on Wednesday, May 29th. Morgan Stanley cut their target price on shares of Nutanix from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Friday, June 21st. KeyCorp lifted their price target on shares of Nutanix from $69.00 to $79.00 and gave the stock an "overweight" rating in a report on Thursday, May 30th. Bank of America cut their price target on shares of Nutanix from $75.00 to $72.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Nutanix from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Friday. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.69.

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.