Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Symmetry Partners LLC

Symmetry Partners LLC increased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 19.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,831 shares of the technology company’s stock after purchasing an additional 1,279 shares during the period. Symmetry Partners LLC’s holdings in Nutanix were worth $445,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Raymond James & Associates raised its holdings in shares of Nutanix by 306.0% during the fourth quarter. Raymond James & Associates now owns 73,765 shares of the technology company’s stock valued at $3,518,000 after acquiring an additional 55,596 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Nutanix by 46.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 11,734 shares of the technology company’s stock valued at $560,000 after purchasing an additional 3,746 shares during the last quarter. Fifth Third Bancorp purchased a new position in Nutanix in the 4th quarter valued at $62,000. Arizona State Retirement System boosted its stake in Nutanix by 1.4% during the 4th quarter. Arizona State Retirement System now owns 68,046 shares of the technology company’s stock worth $3,245,000 after purchasing an additional 918 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Nutanix by 872.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 8,082 shares of the technology company’s stock worth $385,000 after purchasing an additional 7,251 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Trading Up 1.3 %

NASDAQ NTNX traded up $0.66 during trading hours on Friday, reaching $49.82. The company had a trading volume of 1,846,167 shares, compared to its average volume of 2,746,511. Nutanix, Inc. has a 1-year low of $29.18 and a 1-year high of $73.69. The stock has a market capitalization of $12.29 billion, a P/E ratio of -711.71, a price-to-earnings-growth ratio of 4.45 and a beta of 1.16. The stock has a 50-day moving average of $52.79 and a 200 day moving average of $59.06.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $524.58 million for the quarter, compared to analyst estimates of $516.13 million. As a group, sell-side analysts predict that Nutanix, Inc. will post 0.12 EPS for the current year.

Insider Activity

In other Nutanix news, COO David Sangster sold 10,384 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the sale, the chief operating officer now directly owns 64,333 shares in the company, valued at $3,486,205.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nutanix 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 sale, the chief executive officer now owns 407,045 shares of the company’s stock, valued at approximately $22,057,768.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Sangster sold 10,384 shares of the business’s 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 transaction, 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. Over the last ninety days, insiders sold 46,936 shares of company stock valued at $2,531,273. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NTNX has been the subject of a number of recent research reports. Morgan Stanley reduced their target price on shares of Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. 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 research note on Thursday, May 30th. KeyCorp boosted their target price on Nutanix from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Royal Bank of Canada increased their price target on Nutanix from $72.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Finally, Raymond James lifted their price objective on Nutanix from $72.00 to $76.00 and gave the stock an “outperform” rating in a research report 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

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.