Panagora Asset Management Inc. Has $7.93 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Panagora Asset Management Inc. boosted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 1,476.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,486 shares of the technology company’s stock after buying an additional 130,637 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.06% of Nutanix worth $7,930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Burney Co. boosted its position in Nutanix by 170.5% during the second quarter. Burney Co. now owns 30,132 shares of the technology company’s stock valued at $1,713,000 after purchasing an additional 18,992 shares during the last quarter. Simmons Bank purchased a new stake in shares of Nutanix during the 2nd quarter worth about $281,000. Allspring Global Investments Holdings LLC raised its stake in shares of Nutanix by 13.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 20,872 shares of the technology company’s stock worth $1,187,000 after purchasing an additional 2,439 shares in the last quarter. Liontrust Investment Partners LLP grew its stake in shares of Nutanix by 100.0% in the 2nd quarter. Liontrust Investment Partners LLP now owns 40,000 shares of the technology company’s stock valued at $2,274,000 after buying an additional 20,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Nutanix by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 873,685 shares of the technology company’s stock worth $49,669,000 after buying an additional 31,302 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Trading Up 0.4 %

Shares of NTNX stock opened at $63.19 on Friday. The firm has a market capitalization of $15.59 billion, a P/E ratio of -902.71, a price-to-earnings-growth ratio of 4.45 and a beta of 1.16. Nutanix, Inc. has a 1 year low of $30.26 and a 1 year high of $73.69. The firm’s fifty day simple moving average is $52.87 and its 200 day simple moving average is $58.73.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.12. The company had revenue of $524.58 million for the quarter, compared to the consensus estimate of $516.13 million. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. Equities research analysts anticipate that Nutanix, Inc. will post 0.12 EPS for the current fiscal year.

Insider Activity at Nutanix

In related news, CFO Rukmini Sivaraman sold 12,566 shares of the business’s stock in a transaction dated 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 $7,711,684.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Rukmini Sivaraman sold 12,566 shares of Nutanix 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 sale, the chief financial officer now owns 144,902 shares of the company’s stock, valued at approximately $7,711,684.44. The sale was disclosed in a legal 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 that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares in the company, valued at $3,486,205.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,936 shares of company stock worth $2,531,273. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 target price on shares of Nutanix in a research note on Thursday. 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 research note on Thursday. Morgan Stanley increased their target price on shares of Nutanix from $62.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday. Northland Capmk cut Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. Finally, Barclays increased their price objective on Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.31.

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.