Dimensional Fund Advisors LP Purchases 122,505 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Dimensional Fund Advisors LP grew its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 15.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 901,923 shares of the technology company’s stock after acquiring an additional 122,505 shares during the period. Dimensional Fund Advisors LP owned about 0.37% of Nutanix worth $51,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after purchasing an additional 243 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Nutanix by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,433 shares of the technology company’s stock valued at $1,138,000 after purchasing an additional 369 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Nutanix by 9.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the technology company’s stock valued at $256,000 after purchasing an additional 370 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of Nutanix by 3.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 10,854 shares of the technology company’s stock valued at $615,000 after purchasing an additional 374 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Nutanix by 5.8% during the 2nd quarter. CIBC Asset Management Inc now owns 6,803 shares of the technology company’s stock valued at $387,000 after acquiring an additional 374 shares during the period. 85.25% of the stock is owned by institutional investors.

Nutanix Stock Down 2.6 %

Nutanix stock opened at $59.61 on Monday. The company has a market cap of $14.70 billion, a price-to-earnings ratio of -851.57, a PEG ratio of 12.23 and a beta of 1.19. The firm’s fifty day moving average is $54.93 and its 200 day moving average is $58.70. Nutanix, Inc. has a 52-week low of $33.78 and a 52-week high of $73.69.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. The business had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. On average, equities research analysts anticipate that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on NTNX. JPMorgan Chase & Co. lifted their price target on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Needham & Company LLC reissued a “buy” rating and set a $80.00 price objective on shares of Nutanix in a report on Thursday, August 29th. Piper Sandler boosted their price objective on shares of Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Morgan Stanley boosted their target price on shares of Nutanix from $62.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, August 29th. Finally, Royal Bank of Canada boosted their target price on shares of Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.31.

Insider Transactions at Nutanix

In other news, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the sale, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

Nutanix 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.