LaFleur & Godfrey LLC bought a new stake in Nutanix Inc. (NASDAQ:NTNX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 147,825 shares of the technology company’s stock, valued at approximately $2,946,000.

A number of other large investors also recently added to or reduced their stakes in NTNX. New Jersey Better Educational Savings Trust bought a new stake in Nutanix during the first quarter valued at approximately $394,000. Blair William & Co. IL bought a new stake in Nutanix during the first quarter valued at approximately $342,000. Stifel Financial Corp bought a new stake in Nutanix during the first quarter valued at approximately $546,000. AlpInvest Partners B.V. bought a new stake in Nutanix during the first quarter valued at approximately $962,000. Finally, State Street Corp bought a new stake in Nutanix during the fourth quarter valued at approximately $3,772,000. 19.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nutanix Inc. (NTNX) opened at 21.48 on Friday. The company’s 50-day moving average price is $21.19 and its 200-day moving average price is $21.32. Nutanix Inc. has a 52-week low of $14.38 and a 52-week high of $46.78. The stock’s market cap is $3.25 billion.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, May 25th. The technology company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.45) by $0.32. The firm had revenue of $191.76 million during the quarter, compared to analysts’ expectations of $186.56 million. Nutanix had a negative return on equity of 5,196.17% and a negative net margin of 61.32%. The business’s revenue for the quarter was up 67.2% on a year-over-year basis. On average, equities research analysts forecast that Nutanix Inc. will post ($1.45) earnings per share for the current fiscal year.

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NTNX has been the subject of several recent analyst reports. Bank of America Corporation restated a “buy” rating and issued a $27.00 price target on shares of Nutanix in a research note on Tuesday, May 30th. JMP Securities set a $35.00 price target on Nutanix and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Credit Suisse Group restated a “buy” rating and issued a $38.00 price target on shares of Nutanix in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) upgraded Nutanix from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Monday, May 22nd. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $19.00 price target (up previously from $18.00) on shares of Nutanix in a research note on Monday, May 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $32.01.

In other Nutanix news, Director Jeffrey T. Parks sold 1,234,822 shares of Nutanix stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $21.97, for a total transaction of $27,129,039.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kenneth W. Long III sold 30,000 shares of Nutanix stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $19.76, for a total value of $592,800.00. Following the transaction, the vice president now owns 239,074 shares of the company’s stock, valued at approximately $4,724,102.24. The disclosure for this sale can be found here. Insiders have sold a total of 3,563,737 shares of company stock valued at $71,765,588 in the last quarter.

Nutanix Company Profile

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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