Loomis Sayles & Co. L P Grows Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Loomis Sayles & Co. L P boosted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 63.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,932 shares of the technology company’s stock after purchasing an additional 750 shares during the period. Loomis Sayles & Co. L P’s holdings in Nutanix were worth $115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC bought a new position in shares of Nutanix during the 1st quarter valued at $213,000. Tidal Investments LLC lifted its holdings in Nutanix by 37.0% in the first quarter. Tidal Investments LLC now owns 23,551 shares of the technology company’s stock valued at $1,454,000 after acquiring an additional 6,364 shares during the period. Burney Co. purchased a new position in Nutanix in the first quarter worth about $688,000. Cetera Investment Advisers grew its stake in shares of Nutanix by 48.7% during the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock valued at $4,697,000 after purchasing an additional 24,918 shares during the period. Finally, Cetera Advisors LLC bought a new stake in shares of Nutanix during the 1st quarter valued at about $3,141,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the 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 approximately $11,309,145.65. This represents a 11.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David Sangster sold 11,950 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NTNX shares. Morgan Stanley increased their price objective on shares of Nutanix from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays increased their price target on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America boosted their price objective 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. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their target price on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.86.

Nutanix Price Performance

Shares of NTNX opened at $66.70 on Friday. The firm has a market cap of $17.69 billion, a P/E ratio of -128.27, a price-to-earnings-growth ratio of 12.05 and a beta of 1.17. Nutanix, Inc. has a 1 year low of $40.44 and a 1 year high of $75.80. The company has a 50 day simple moving average of $64.79 and a two-hundred day simple moving average of $59.45.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $547.95 million during the quarter, compared to analysts’ expectations of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. On average, sell-side analysts anticipate that Nutanix, Inc. will post 0.31 earnings per share for the current year.

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.