Algert Global LLC Boosts Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Algert Global LLC raised its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 11.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,574 shares of the technology company’s stock after acquiring an additional 17,510 shares during the period. Algert Global LLC owned approximately 0.06% of Nutanix worth $9,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC grew its holdings in Nutanix by 159.9% during the 3rd quarter. Cerity Partners LLC now owns 43,972 shares of the technology company’s stock valued at $2,605,000 after purchasing an additional 27,053 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new position in shares of Nutanix during the third quarter valued at approximately $226,000. Champlain Investment Partners LLC grew its stake in shares of Nutanix by 3.7% during the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock valued at $354,867,000 after buying an additional 215,363 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Nutanix by 22.8% in the third quarter. Citigroup Inc. now owns 155,129 shares of the technology company’s stock worth $9,191,000 after buying an additional 28,853 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in shares of Nutanix by 10.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company’s stock worth $80,287,000 after acquiring an additional 125,657 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NTNX. Morgan Stanley upgraded Nutanix from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $71.00 to $72.00 in a research note on Monday, October 28th. Royal Bank of Canada lifted their price objective on shares of Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Barclays boosted their price objective on shares of Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Northland Securities raised their target price on shares of Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Finally, Oppenheimer assumed coverage on Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.86.

Nutanix Trading Up 3.2 %

NASDAQ NTNX opened at $73.18 on Friday. Nutanix, Inc. has a 52 week low of $40.33 and a 52 week high of $73.69. The company has a 50 day moving average price of $63.90 and a 200 day moving average price of $59.37.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The firm had revenue of $547.95 million during the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. As a group, equities analysts forecast that Nutanix, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Nutanix

In other Nutanix news, 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 transaction, the chief operating officer now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction 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 sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

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.