Liontrust Investment Partners LLP Purchases 20,000 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Liontrust Investment Partners LLP grew its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 100.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,000 shares of the technology company’s stock after purchasing an additional 20,000 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Nutanix were worth $2,274,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NTNX. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Nutanix in the 2nd quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Nutanix in the fourth quarter valued at $29,000. GAMMA Investing LLC bought a new stake in shares of Nutanix during the 4th quarter valued at $30,000. Kapitalo Investimentos Ltda purchased a new stake in Nutanix during the 4th quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Nutanix during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

NTNX stock opened at $52.93 on Tuesday. The company has a market capitalization of $13.05 billion, a PE ratio of -756.14, a price-to-earnings-growth ratio of 4.45 and a beta of 1.16. Nutanix, Inc. has a one year low of $29.80 and a one year high of $73.69. The company’s 50 day moving average price is $52.49 and its two-hundred day moving average price is $58.73.

Nutanix (NASDAQ:NTNX) last released 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. The company had revenue of $524.58 million for the quarter, compared to analyst estimates of $516.13 million. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. On average, research analysts predict that Nutanix, Inc. will post 0.12 EPS for the current year.

Insider Activity

In related news, CFO Rukmini Sivaraman sold 12,566 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total transaction of $668,762.52. Following the transaction, the chief financial officer now directly owns 144,902 shares in the company, valued at approximately $7,711,684.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the transaction, the chief financial officer now owns 144,902 shares in the company, valued at $7,711,684.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 23,986 shares of the stock in a transaction that occurred on 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 owns 407,045 shares of the company’s stock, valued at approximately $22,057,768.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,936 shares of company stock valued at $2,531,273. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NTNX. Bank of America lowered their price target on shares of Nutanix from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Royal Bank of Canada raised their price target on shares of Nutanix from $72.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Northland Capmk cut shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th. Northland Securities lowered Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 price objective for the company. in a research note on Thursday, May 30th. Finally, KeyCorp boosted their target price on Nutanix from $69.00 to $79.00 and gave the stock an “overweight” rating 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’s stock. According to MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $70.69.

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.