Massachusetts Financial Services Co. MA Has $10.79 Million Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Massachusetts Financial Services Co. MA grew its position in Nutanix, Inc. (NASDAQ:NTNX) by 44.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 189,712 shares of the technology company’s stock after purchasing an additional 58,661 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.08% of Nutanix worth $10,785,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of NTNX. Mirae Asset Global Investments Co. Ltd. bought a new stake in Nutanix during the first quarter valued at $1,384,000. Cetera Investment Advisers grew its stake in shares of Nutanix by 48.7% in the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock valued at $4,697,000 after buying an additional 24,918 shares during the period. Diversified Trust Co increased its position in Nutanix by 46.7% in the 2nd quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock valued at $2,084,000 after buying an additional 11,668 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Nutanix by 1.4% in the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after acquiring an additional 346,414 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Nutanix by 387.1% in the first quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock valued at $162,229,000 after acquiring an additional 2,076,377 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of Nutanix stock opened at $60.82 on Friday. The stock has a fifty day moving average price of $53.78 and a 200-day moving average price of $58.83. The firm has a market cap of $15.00 billion, a PE ratio of -868.86, a P/E/G ratio of 12.07 and a beta of 1.19. Nutanix, Inc. has a 1 year low of $33.52 and a 1 year high of $73.69.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.88%. The business had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. As a group, equities analysts anticipate that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the business’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 sale, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, COO David Sangster sold 11,950 shares of Nutanix 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 directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the 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 sale, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. The disclosure for this sale can be found here. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NTNX shares. Piper Sandler increased their target price on Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Northland Capmk cut shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th. Bank of America boosted their target price on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Raymond James raised their price target on shares of Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Northland Securities boosted their price objective on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $73.31.

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.