Stephens Investment Management Group LLC Purchases 70,523 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Stephens Investment Management Group LLC grew its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 76.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,284 shares of the technology company's stock after purchasing an additional 70,523 shares during the period. Stephens Investment Management Group LLC owned approximately 0.06% of Nutanix worth $9,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. First Trust Direct Indexing L.P. grew its holdings in shares of Nutanix by 10.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,246 shares of the technology company's stock worth $252,000 after purchasing an additional 385 shares during the last quarter. Smith Group Asset Management LLC boosted its position in Nutanix by 21.4% in the third quarter. Smith Group Asset Management LLC now owns 27,209 shares of the technology company's stock valued at $1,612,000 after buying an additional 4,790 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in Nutanix by 71.1% in the third quarter. Pallas Capital Advisors LLC now owns 13,048 shares of the technology company's stock valued at $809,000 after buying an additional 5,424 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Nutanix by 125.0% during the third quarter. Nisa Investment Advisors LLC now owns 13,728 shares of the technology company's stock worth $813,000 after buying an additional 7,628 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Nutanix by 310.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 20,928 shares of the technology company's stock worth $1,240,000 after buying an additional 15,829 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of Nutanix stock traded up $0.45 on Friday, hitting $62.55. 1,252,793 shares of the company's stock traded hands, compared to its average volume of 1,471,498. Nutanix, Inc. has a one year low of $36.73 and a one year high of $73.69. The stock has a market capitalization of $16.59 billion, a PE ratio of -120.29, a price-to-earnings-growth ratio of 12.59 and a beta of 1.17. The firm's 50-day moving average price is $60.98 and its two-hundred day moving average price is $58.49.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $547.95 million during the quarter, compared to the consensus estimate of $537.12 million. On average, analysts forecast that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nutanix news, COO David Sangster sold 11,950 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total value 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 approximately $7,411,022.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Rukmini Sivaraman sold 24,316 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now owns 192,169 shares of the company's stock, valued at $11,309,145.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO David Sangster sold 11,950 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares of the company's stock, valued at $7,411,022.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on NTNX. Royal Bank of Canada increased their price target on Nutanix from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Raymond James increased their target price on Nutanix from $76.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Morgan Stanley raised Nutanix from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $71.00 to $72.00 in a report on Monday, October 28th. Bank of America increased their price objective on shares of Nutanix from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Finally, Barclays boosted their target price on shares of Nutanix from $71.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $73.38.

Nutanix Company 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.