King Luther Capital Management Corp grew its holdings in Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 570,938 shares of the technology company’s stock after acquiring an additional 37,625 shares during the quarter. King Luther Capital Management Corp’s holdings in Nutanix were worth $16,015,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of NTNX. Altshuler Shaham Ltd acquired a new stake in Nutanix in the 1st quarter worth about $30,000. Point72 Hong Kong Ltd bought a new position in shares of Nutanix during the first quarter worth approximately $35,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Nutanix in the fourth quarter valued at approximately $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Nutanix in the second quarter valued at approximately $55,000. Finally, Loomis Sayles & Co. L P grew its position in Nutanix by 50.5% during the first quarter. Loomis Sayles & Co. L P now owns 2,797 shares of the technology company’s stock worth $75,000 after buying an additional 938 shares in the last quarter. 78.74% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have weighed in on NTNX. TheStreet raised Nutanix from a “d-” rating to a “c” rating in a report on Thursday, August 31st. Northland Securities boosted their price target on Nutanix from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, September 1st. JMP Securities increased their price objective on shares of Nutanix from $35.00 to $45.00 and gave the stock a “market outperform” rating in a research note on Wednesday, September 27th. Royal Bank of Canada boosted their target price on shares of Nutanix from $43.00 to $47.00 and gave the company an “outperform” rating in a research report on Wednesday, September 27th. Finally, KeyCorp increased their price target on shares of Nutanix from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $42.64.
Insider Transactions at Nutanix
In other Nutanix news, CEO Rajiv Ramaswami sold 138,038 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $33.88, for a total transaction of $4,676,727.44. Following the completion of the transaction, the chief executive officer now owns 528,499 shares in the company, valued at approximately $17,905,546.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Tyler Wall sold 31,695 shares of Nutanix stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $33.88, for a total value of $1,073,826.60. Following the completion of the transaction, the insider now directly owns 98,795 shares of the company’s stock, valued at approximately $3,347,174.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 138,038 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $33.88, for a total value of $4,676,727.44. Following the sale, the chief executive officer now owns 528,499 shares in the company, valued at approximately $17,905,546.12. The disclosure for this sale can be found here. Insiders sold 566,979 shares of company stock worth $20,114,508 over the last ninety days. 0.46% of the stock is owned by insiders.
Nutanix Price Performance
Shares of Nutanix stock opened at $39.78 on Tuesday. Nutanix, Inc. has a fifty-two week low of $23.34 and a fifty-two week high of $40.41. The firm has a market capitalization of $9.53 billion, a P/E ratio of -34.59 and a beta of 1.24. The company’s 50 day moving average price is $36.52 and its two-hundred day moving average price is $31.77.
Nutanix (NASDAQ:NTNX – Get Free Report) last issued its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. The business had revenue of $494.21 million during the quarter, compared to the consensus estimate of $475.64 million. On average, analysts expect that Nutanix, Inc. will post -0.3 earnings per share for the current year.
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.
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