Cerity Partners LLC Grows Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Cerity Partners LLC increased its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 159.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 43,972 shares of the technology company's stock after buying an additional 27,053 shares during the quarter. Cerity Partners LLC's holdings in Nutanix were worth $2,605,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NTNX. Great Valley Advisor Group Inc. purchased a new stake in shares of Nutanix during the 3rd quarter valued at about $226,000. Champlain Investment Partners LLC boosted its holdings in Nutanix by 3.7% in the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock worth $354,867,000 after purchasing an additional 215,363 shares during the last quarter. Citigroup Inc. boosted its holdings in Nutanix by 22.8% in the third quarter. Citigroup Inc. now owns 155,129 shares of the technology company's stock worth $9,191,000 after purchasing an additional 28,853 shares during the last quarter. Eagle Asset Management Inc. grew its position in Nutanix by 10.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company's stock worth $80,287,000 after purchasing an additional 125,657 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock valued at $32,000 after buying an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insider Activity

In other news, COO David Sangster sold 11,950 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $1,430,996.60. Following the completion of the sale, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Nutanix Trading Down 2.1 %

Shares of NASDAQ:NTNX traded down $1.42 during mid-day trading on Friday, reaching $65.28. The stock had a trading volume of 1,991,211 shares, compared to its average volume of 3,128,569. The business's 50 day moving average price is $64.88 and its 200 day moving average price is $59.33. Nutanix, Inc. has a 1 year low of $42.22 and a 1 year high of $75.80. The company has a market cap of $17.31 billion, a P/E ratio of -186.51, a price-to-earnings-growth ratio of 10.80 and a beta of 1.17.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The firm had revenue of $547.95 million during the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative net margin of 3.54% and a negative return on equity of 12.43%. Analysts predict that Nutanix, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NTNX shares. Needham & Company LLC raised their price target on Nutanix from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday. Northland Securities restated a "market perform" rating and set a $77.00 price target (up from $74.00) on shares of Nutanix in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Nutanix from $72.00 to $78.00 and gave the stock an "overweight" rating in a research note on Wednesday. Royal Bank of Canada boosted their target price on shares of Nutanix from $70.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Finally, StockNews.com upgraded shares of Nutanix from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $78.86.

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.