28,107 Shares in Nutanix, Inc. (NASDAQ:NTNX) Purchased by Caxton Associates LP

Caxton Associates LP purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,107 shares of the technology company’s stock, valued at approximately $1,735,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp boosted its holdings in Nutanix by 3.6% in the 4th quarter. M&T Bank Corp now owns 9,270 shares of the technology company’s stock valued at $442,000 after purchasing an additional 325 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Nutanix by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,433 shares of the technology company’s stock valued at $1,138,000 after purchasing an additional 369 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Nutanix by 49.7% in the 1st quarter. Venturi Wealth Management LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 401 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in Nutanix by 10.7% in the 1st quarter. Motley Fool Asset Management LLC now owns 5,080 shares of the technology company’s stock valued at $314,000 after purchasing an additional 489 shares during the last quarter. Finally, Sonen Capital LLC boosted its holdings in Nutanix by 3.0% in the 4th quarter. Sonen Capital LLC now owns 18,663 shares of the technology company’s stock valued at $890,000 after purchasing an additional 545 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on NTNX. Northland Securities lowered shares of Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 target price on the stock. in a report on Thursday, May 30th. Needham & Company LLC boosted their price target on shares of Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. 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. Finally, Barclays reduced their price target on shares of Nutanix from $81.00 to $80.00 and set an “overweight” rating on the stock 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 company’s stock. According to data from MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Nutanix Stock Performance

Shares of NASDAQ:NTNX traded down $1.23 during trading hours on Tuesday, reaching $48.78. The stock had a trading volume of 704,930 shares, compared to its average volume of 2,763,292. Nutanix, Inc. has a 1 year low of $28.49 and a 1 year high of $73.69. The firm’s 50 day moving average is $56.47 and its 200-day moving average is $59.42. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of -707.47, a P/E/G ratio of 10.18 and a beta of 1.16.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. The company had revenue of $524.58 million for the quarter, compared to the consensus estimate of $516.13 million. Analysts forecast that Nutanix, Inc. will post 0.12 EPS for the current year.

Insider Buying and Selling at Nutanix

In other Nutanix news, COO David Sangster sold 10,384 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the sale, the chief operating officer now directly owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Rukmini Sivaraman sold 12,566 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the completion of the transaction, the chief financial officer now owns 144,902 shares in the company, valued at approximately $7,711,684.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO David Sangster sold 10,384 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the completion of the transaction, the chief operating officer now owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,936 shares of company stock valued at $2,531,273. Insiders own 0.46% of the company’s stock.

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.