Maverick Capital Ltd. Grows Stake in Nutanix, Inc. (NASDAQ:NTNX)

Maverick Capital Ltd. boosted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 389.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,171 shares of the technology company’s stock after acquiring an additional 37,537 shares during the quarter. Maverick Capital Ltd.’s holdings in Nutanix were worth $2,682,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NTNX. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Nutanix during the 1st quarter valued at about $1,384,000. Cetera Investment Advisers increased its holdings in Nutanix by 48.7% during the first 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 last quarter. Diversified Trust Co raised its position in Nutanix by 46.7% in the second 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 period. Vanguard Group Inc. boosted its stake 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 last quarter. Finally, Nordea Investment Management AB grew its position in shares of Nutanix by 387.1% during the 1st 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. Institutional investors own 85.25% of the company’s stock.

Insider Transactions at Nutanix

In related 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 completion of the transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several recent research reports. KeyCorp boosted their price target on Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Bank of America boosted their price objective on Nutanix from $72.00 to $75.00 and gave the company a “buy” 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. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $80.00 price objective on shares of Nutanix in a research note on Thursday, August 29th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.31.

Nutanix Stock Down 0.0 %

Shares of NTNX stock opened at $61.20 on Friday. The company’s fifty day simple moving average is $54.44 and its two-hundred day simple moving average is $58.74. Nutanix, Inc. has a 52 week low of $33.78 and a 52 week high of $73.69. The stock has a market cap of $15.09 billion, a P/E ratio of -874.29, a PEG ratio of 12.23 and a beta of 1.19.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The company had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. On average, analysts anticipate that Nutanix, Inc. will post 0.27 EPS for the current fiscal 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.