Fort Sheridan Advisors LLC Boosts Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Fort Sheridan Advisors LLC increased its position in shares of Nutanix, Inc. (NASDAQ:NTNXGet Rating) by 7.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,858 shares of the technology company’s stock after purchasing an additional 1,121 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Nutanix were worth $452,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in NTNX. Woodline Partners LP increased its position in shares of Nutanix by 1,643.6% during the fourth quarter. Woodline Partners LP now owns 1,478,004 shares of the technology company’s stock worth $47,089,000 after purchasing an additional 1,393,239 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Nutanix by 327.3% during the fourth quarter. Qube Research & Technologies Ltd now owns 616,686 shares of the technology company’s stock worth $19,648,000 after purchasing an additional 472,380 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Nutanix by 14.2% during the fourth quarter. Geode Capital Management LLC now owns 3,534,373 shares of the technology company’s stock worth $112,605,000 after purchasing an additional 439,624 shares in the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Nutanix during the first quarter worth approximately $10,069,000. Finally, Champlain Investment Partners LLC increased its position in shares of Nutanix by 6.9% during the fourth quarter. Champlain Investment Partners LLC now owns 5,678,595 shares of the technology company’s stock worth $180,920,000 after purchasing an additional 367,120 shares in the last quarter. 70.43% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Up 0.5 %

Shares of Nutanix stock opened at $16.91 on Friday. The business’s fifty day simple moving average is $15.13 and its 200-day simple moving average is $21.69. Nutanix, Inc. has a 52 week low of $13.44 and a 52 week high of $44.50. The firm has a market cap of $3.79 billion, a PE ratio of -3.63 and a beta of 1.44.

Nutanix (NASDAQ:NTNXGet Rating) last posted its earnings results on Wednesday, May 25th. The technology company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.65) by $0.23. The firm had revenue of $403.70 million for the quarter, compared to analyst estimates of $397.90 million. During the same period in the previous year, the company posted ($0.87) EPS. Nutanix’s revenue was up 17.2% on a year-over-year basis. As a group, equities analysts expect that Nutanix, Inc. will post -2.24 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 5,000 shares of the stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $14.62, for a total transaction of $73,100.00. Following the transaction, the chief executive officer now owns 218,392 shares of the company’s stock, valued at approximately $3,192,891.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Nutanix news, CEO Rajiv Ramaswami sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $14.62, for a total transaction of $73,100.00. Following the sale, the chief executive officer now owns 218,392 shares in the company, valued at approximately $3,192,891.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 5,083 shares of the company’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $13.97, for a total value of $71,009.51. Following the sale, the chief financial officer now owns 78,977 shares in the company, valued at approximately $1,103,308.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,196 shares of company stock valued at $1,193,438. Corporate insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on NTNX shares. Wells Fargo & Company lowered their price objective on Nutanix to $20.00 in a research note on Thursday, May 26th. Piper Sandler lowered their price objective on Nutanix from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. Morgan Stanley lowered their price objective on Nutanix from $31.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 26th. Barclays started coverage on Nutanix in a research note on Thursday, June 30th. They set an “overweight” rating and a $19.00 price objective on the stock. Finally, William Blair lowered Nutanix from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 26th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and a consensus price target of $27.45.

Nutanix Company Profile

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Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution.

Further Reading

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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