Liontrust Investment Partners LLP Purchases 20,000 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Liontrust Investment Partners LLP raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 100.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the technology company's stock after acquiring an additional 20,000 shares during the quarter. Liontrust Investment Partners LLP's holdings in Nutanix were worth $2,274,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Nutanix during the 2nd quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC bought a new position in Nutanix during the 4th quarter valued at $29,000. GAMMA Investing LLC bought a new position in shares of Nutanix in the 4th quarter worth about $30,000. Kapitalo Investimentos Ltda bought a new position in shares of Nutanix in the 4th quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Nutanix in the 4th quarter worth about $40,000. 85.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nutanix

In other news, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the transaction, the chief operating officer now owns 64,333 shares of the company's stock, valued at approximately $3,486,205.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Rukmini Sivaraman sold 12,566 shares of Nutanix stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the transaction, the chief financial officer now owns 144,902 shares of the company's stock, valued at approximately $7,711,684.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 64,333 shares in the company, valued at approximately $3,486,205.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,936 shares of company stock valued at $2,531,273. Company insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

NTNX has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Nutanix from $80.00 to $71.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 20th. Royal Bank of Canada raised their price target on shares of Nutanix from $72.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 29th. Morgan Stanley reduced their price target 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. Northland Securities downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating and set a $71.00 price target on the stock. in a research report on Thursday, May 30th. Finally, KeyCorp raised their price target on shares of Nutanix from $69.00 to $79.00 and gave the stock an "overweight" rating in a research 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 stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of "Moderate Buy" and an average price target of $70.69.

Nutanix Stock Up 0.5 %

Nutanix stock traded up $0.27 during trading hours on Tuesday, hitting $53.20. 1,958,844 shares of the company traded hands, compared to its average volume of 2,670,143. The firm has a market cap of $13.12 billion, a P/E ratio of -760.00, a P/E/G ratio of 4.45 and a beta of 1.16. The firm's 50-day simple moving average is $52.49 and its two-hundred day simple moving average is $58.69. Nutanix, Inc. has a 1-year low of $29.80 and a 1-year high of $73.69.

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

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.