Fisher Asset Management LLC Grows Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Fisher Asset Management LLC increased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 27.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 446,287 shares of the technology company’s stock after purchasing an additional 95,498 shares during the period. Fisher Asset Management LLC owned approximately 0.17% of Nutanix worth $26,443,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Nutanix during the second quarter worth $25,000. ORG Wealth Partners LLC purchased a new position in Nutanix during the 3rd quarter valued at about $27,000. Larson Financial Group LLC grew its position in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after acquiring an additional 281 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Nutanix during the second quarter worth about $32,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Transactions at Nutanix

In other Nutanix news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 owns 123,868 shares in the company, valued at approximately $7,411,022.44. The trade was a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s 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 transaction, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. This trade represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

NTNX has been the topic of several recent research reports. Piper Sandler upped their target price on shares of Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Royal Bank of Canada upped their price objective on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 target price on shares of Nutanix in a report on Thursday, August 29th. Raymond James boosted their target price on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley raised Nutanix from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $71.00 to $72.00 in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.86.

Nutanix Trading Down 0.6 %

NTNX stock opened at $72.35 on Wednesday. The stock has a market cap of $19.19 billion, a P/E ratio of -139.13, a PEG ratio of 12.11 and a beta of 1.17. Nutanix, Inc. has a twelve month low of $40.33 and a twelve month high of $75.80. The company’s 50 day moving average is $64.45 and its two-hundred day moving average is $59.35.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The firm 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, equities research analysts predict that Nutanix, Inc. will post 0.31 earnings per share for the current year.

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.