Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. grew its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 10.2% in the third quarter, HoldingsChannel reports. The fund owned 1,355,061 shares of the technology company’s stock after buying an additional 125,657 shares during the period. Eagle Asset Management Inc.’s holdings in Nutanix were worth $80,287,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in NTNX. Price T Rowe Associates Inc. MD boosted its position in Nutanix by 29.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock worth $269,024,000 after acquiring an additional 985,421 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of Nutanix by 123.9% in the second quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after buying an additional 794,215 shares during the period. Marshall Wace LLP lifted its holdings in shares of Nutanix by 47.5% in the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after buying an additional 477,838 shares during the period. Jericho Capital Asset Management L.P. lifted its holdings in shares of Nutanix by 13.1% in the first quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company’s stock valued at $246,196,000 after buying an additional 462,000 shares during the period. Finally, Deepwater Asset Management LLC acquired a new stake in shares of Nutanix in the second quarter valued at $15,480,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Trading Up 2.2 %

Shares of Nutanix stock opened at $70.95 on Friday. The stock has a 50-day moving average price of $63.62 and a 200 day moving average price of $59.31. The company has a market cap of $18.82 billion, a P/E ratio of -136.44, a P/E/G ratio of 13.01 and a beta of 1.17. Nutanix, Inc. has a 1 year low of $40.20 and a 1 year high of $73.69.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Raymond James upped their price objective on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Bank of America upped their price objective on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of Nutanix in a research report on Thursday, August 29th. Finally, Oppenheimer started coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price on the stock. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.86.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David Sangster sold 11,950 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Nutanix 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.