Deepwater Asset Management LLC Acquires New Stake in Nutanix, Inc. (NASDAQ:NTNX)

Deepwater Asset Management LLC bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 272,298 shares of the technology company’s stock, valued at approximately $15,480,000. Nutanix makes up about 5.6% of Deepwater Asset Management LLC’s holdings, making the stock its 3rd biggest holding. Deepwater Asset Management LLC owned about 0.11% of Nutanix as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in Nutanix in the 1st quarter worth approximately $1,384,000. Cetera Investment Advisers grew its holdings in 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 in the last quarter. Diversified Trust Co increased its stake in shares of Nutanix by 46.7% in the 2nd quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock worth $2,084,000 after acquiring an additional 11,668 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Nutanix by 1.4% during the 1st 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 during the period. Finally, Nordea Investment Management AB grew its holdings in shares of 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 purchasing an additional 2,076,377 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Nutanix Trading Up 3.1 %

Shares of NASDAQ NTNX opened at $60.82 on Friday. The stock has a market cap of $15.00 billion, a P/E ratio of -868.86, a PEG ratio of 12.07 and a beta of 1.19. The business’s fifty day simple moving average is $53.78 and its 200-day simple moving average is $58.83. Nutanix, Inc. has a 12-month low of $33.52 and a 12-month high of $73.69.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on NTNX shares. Northland Securities raised their price target on shares of Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. 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 report on Thursday, August 29th. Piper Sandler boosted their price objective on shares of Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Northland Capmk lowered shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Finally, KeyCorp boosted their price target 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.31.

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.