Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Signaturefd LLC

Signaturefd LLC boosted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 57.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 956 shares of the technology company’s stock after buying an additional 350 shares during the period. Signaturefd LLC’s holdings in Nutanix were worth $57,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NTNX. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Nutanix during the second quarter worth approximately $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Nutanix in the third quarter valued at about $27,000. Itau Unibanco Holding S.A. purchased a new position in shares of Nutanix in the second quarter worth about $32,000. GAMMA Investing LLC boosted its position 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 last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Nutanix in the 1st quarter valued at about $64,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Trading Up 1.3 %

NTNX stock opened at $64.97 on Wednesday. The business’s fifty day moving average price is $60.39 and its 200 day moving average price is $58.44. Nutanix, Inc. has a 12-month low of $34.80 and a 12-month high of $73.69. The company has a market capitalization of $17.23 billion, a PE ratio of -124.94, a P/E/G ratio of 12.48 and a beta of 1.18.

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 the consensus estimate of ($0.08) by $0.02. The business had revenue of $547.95 million for 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%. Research analysts predict that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO David Sangster sold 11,950 shares of the company’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 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the company’s 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 sale, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NTNX has been the subject of a number of analyst reports. Barclays upped their price target on Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their target price on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Raymond James boosted their price target on shares of Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Bank of America raised their price objective on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Piper Sandler boosted their target price on shares of Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $73.38.

Nutanix Company 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.