ING Groep NV Makes New $1.11 Million Investment in Nutanix, Inc. (NASDAQ:NTNX)

ING Groep NV bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the third quarter, Holdings Channel.com reports. The fund bought 18,700 shares of the technology company’s stock, valued at approximately $1,108,000.

A number of other large investors have also recently made changes to their positions in NTNX. Price T Rowe Associates Inc. MD increased its stake in shares of Nutanix by 29.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock worth $269,024,000 after buying an additional 985,421 shares during the period. Driehaus Capital Management LLC increased its stake in shares of Nutanix by 123.9% during the second quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock worth $81,593,000 after buying an additional 794,215 shares during the period. Marshall Wace LLP increased its stake in shares of Nutanix by 47.5% during the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after buying an additional 477,838 shares during the period. Jericho Capital Asset Management L.P. increased its stake in shares of Nutanix by 13.1% during the first quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company’s stock worth $246,196,000 after buying an additional 462,000 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Nutanix by 1.4% during the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after buying an additional 346,414 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This trade represents a 11.23 % 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. Also, 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 sale, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This trade 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.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $69.53 on Monday. The stock has a fifty day moving average price of $62.90 and a 200 day moving average price of $59.08. Nutanix, Inc. has a 1-year low of $38.60 and a 1-year high of $73.69. The company has a market cap of $18.44 billion, a PE ratio of -133.71, a P/E/G ratio of 13.22 and a beta of 1.17.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $547.95 million during the quarter, compared to the consensus estimate of $537.12 million. Analysts anticipate that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on NTNX. Royal Bank of Canada increased their price target on shares of Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Northland Securities increased their price target on shares of Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Oppenheimer began coverage on shares of Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target on the stock. Raymond James increased their price target on shares of Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price target on shares of Nutanix in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and an average target price of $73.86.

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.