Intech Investment Management LLC Grows Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Intech Investment Management LLC increased its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 1,650.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,686 shares of the technology company’s stock after purchasing an additional 57,220 shares during the quarter. Intech Investment Management LLC’s holdings in Nutanix were worth $3,450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Nutanix by 35.2% during the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after purchasing an additional 243 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Nutanix by 2.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,433 shares of the technology company’s stock worth $1,138,000 after purchasing an additional 369 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Nutanix by 9.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the technology company’s stock worth $256,000 after purchasing an additional 370 shares during the last quarter. 180 Wealth Advisors LLC boosted its holdings in Nutanix by 3.6% during the second quarter. 180 Wealth Advisors LLC now owns 10,854 shares of the technology company’s stock worth $615,000 after purchasing an additional 374 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Nutanix by 5.8% during the second quarter. CIBC Asset Management Inc now owns 6,803 shares of the technology company’s stock worth $387,000 after purchasing an additional 374 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NTNX has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of Nutanix from $62.00 to $71.00 and gave the stock an “equal weight” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. boosted their target price 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. Northland Capmk cut shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Piper Sandler boosted their target price on shares of Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Finally, KeyCorp boosted their target price on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research note 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.31.

Insider Buying and Selling

In related 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 transaction of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 approximately $11,309,145.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David Sangster sold 11,950 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.

Nutanix Trading Up 3.1 %

Shares of NTNX stock opened at $60.82 on Monday. The stock has a market capitalization of $15.00 billion, a P/E ratio of -868.86, a PEG ratio of 12.07 and a beta of 1.19. The firm’s 50 day moving average is $53.78 and its 200 day moving average is $58.79. Nutanix, Inc. has a 12 month low of $33.52 and a 12 month high of $73.69.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.88%. On average, equities analysts predict that Nutanix, Inc. will post 0.27 EPS 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.