Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 150.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 534 shares of the technology company’s stock after acquiring an additional 321 shares during the period. Advisors Asset Management Inc.’s holdings in Nutanix were worth $32,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Tidal Investments LLC raised its holdings in shares of Nutanix by 37.0% during the first quarter. Tidal Investments LLC now owns 23,551 shares of the technology company’s stock worth $1,454,000 after purchasing an additional 6,364 shares during the last quarter. Burney Co. purchased a new position in shares of Nutanix during the 1st quarter valued at about $688,000. Cetera Investment Advisers lifted its holdings 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. Cetera Advisors LLC purchased a new stake in shares of Nutanix in the first quarter worth about $3,141,000. Finally, GAMMA Investing LLC grew 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 acquiring an additional 243 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Trading Down 2.1 %

NTNX stock opened at $65.28 on Friday. Nutanix, Inc. has a 12-month low of $42.22 and a 12-month high of $75.80. The business’s 50-day moving average is $64.88 and its 200 day moving average is $59.40. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of -186.51, a PEG ratio of 11.04 and a beta of 1.17.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 12.43% and a negative net margin of 3.54%. The firm had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. As a group, equities analysts forecast that Nutanix, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on NTNX shares. Needham & Company LLC boosted their price target on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer initiated coverage on shares of Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 target price for the company. Bank of America raised their price target on shares of Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Northland Securities reiterated a “market perform” rating and issued a $77.00 price objective (up previously from $74.00) on shares of Nutanix in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.86.

Insider Buying and Selling at Nutanix

In related news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were 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 approximately $7,411,022.44. This represents a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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. 6.80% of the stock is currently owned by insiders.

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.