Price T Rowe Associates Inc. MD Raises Stake in Nutanix, Inc. (NASDAQ:NTNX)

Price T Rowe Associates Inc. MD lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 29.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,358,768 shares of the technology company’s stock after purchasing an additional 985,421 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.78% of Nutanix worth $269,024,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NTNX. Atlantic Edge Private Wealth Management LLC acquired a new position in Nutanix during the 4th quarter worth approximately $29,000. GAMMA Investing LLC acquired a new position in shares of Nutanix in the 4th quarter valued at approximately $30,000. Kapitalo Investimentos Ltda acquired a new position in shares of Nutanix in the 4th quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Nutanix in the 4th quarter valued at approximately $40,000. Finally, Fifth Third Bancorp acquired a new position in shares of Nutanix in the 4th quarter valued at approximately $62,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NTNX. Needham & Company LLC upped their target price on Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Northland Securities lowered Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 target price on the stock. in a research report on Thursday, May 30th. Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. Morgan Stanley dropped their price target on Nutanix from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. Finally, Barclays dropped their price target on Nutanix from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Nutanix Price Performance

Shares of Nutanix stock traded up $0.07 during trading on Friday, hitting $49.43. The stock had a trading volume of 1,669,109 shares, compared to its average volume of 3,079,371. The firm has a market cap of $12.19 billion, a P/E ratio of -706.07, a PEG ratio of 10.18 and a beta of 1.16. The business has a fifty day moving average of $56.91 and a two-hundred day moving average of $59.34. Nutanix, Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $73.69.

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

Insider Activity

In other news, CEO Rajiv Ramaswami sold 23,986 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $1,299,801.34. Following the completion of the sale, the chief executive officer now directly owns 407,045 shares of the company’s stock, valued at $22,057,768.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Rajiv Ramaswami sold 23,986 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $1,299,801.34. Following the completion of the sale, the chief executive officer now directly owns 407,045 shares of the company’s stock, valued at approximately $22,057,768.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO David Sangster sold 10,384 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the completion of the sale, the chief operating officer now directly owns 64,333 shares of the company’s stock, valued at $3,486,205.27. The disclosure for this sale can be found here. Insiders sold a total of 46,936 shares of company stock valued at $2,531,273 over the last three months. Insiders own 0.46% 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.