Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP grew its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 47.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,482,989 shares of the technology company's stock after acquiring an additional 477,838 shares during the quarter. Marshall Wace LLP owned 0.60% of Nutanix worth $84,308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Nutanix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company's stock worth $1,548,378,000 after purchasing an additional 346,414 shares in the last quarter. Generation Investment Management LLP lifted its holdings in shares of Nutanix by 1.8% during the 4th quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company's stock worth $823,014,000 after acquiring an additional 300,942 shares during the period. FIL Ltd boosted its position in shares of Nutanix by 74.7% during the 4th quarter. FIL Ltd now owns 8,908,166 shares of the technology company's stock worth $424,830,000 after acquiring an additional 3,809,981 shares in 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. raised its position in Nutanix by 13.1% during 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 purchasing an additional 462,000 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

Shares of NASDAQ:NTNX traded up $0.58 during midday trading on Wednesday, reaching $61.22. 1,728,001 shares of the company's stock traded hands, compared to its average volume of 2,653,329. Nutanix, Inc. has a one year low of $33.78 and a one year high of $73.69. The stock has a 50 day moving average of $54.44 and a 200 day moving average of $58.74. The company has a market cap of $15.10 billion, a price-to-earnings ratio of -874.45, a P/E/G ratio of 12.23 and a beta of 1.19.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. The firm had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. Sell-side analysts predict that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the transaction, the chief financial officer now directly owns 192,169 shares in the company, valued at approximately $11,309,145.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Nutanix news, COO David Sangster sold 11,950 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the sale, the chief operating officer now owns 123,868 shares of the company's stock, valued at $7,411,022.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares of the company's stock, valued at approximately $11,309,145.65. The disclosure for this sale can be found here. Company insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

NTNX has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, August 29th. Barclays boosted their price objective on Nutanix from $71.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Raymond James increased their price objective on Nutanix from $76.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, August 29th. Needham & Company LLC restated a "buy" rating and issued a $80.00 target price on shares of Nutanix in a research note on Thursday, August 29th. Finally, Northland Securities increased their target price on shares of Nutanix from $71.00 to $74.00 and gave the company a "market perform" rating in a research report on Friday, August 30th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $73.31.

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.