Nutanix $NTNX Shares Acquired by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in shares of Nutanix (NASDAQ:NTNX) by 71.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,000 shares of the technology company’s stock after buying an additional 25,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Nutanix were worth $4,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTNX. Comerica Bank raised its position in Nutanix by 128.5% during the first quarter. Comerica Bank now owns 7,250 shares of the technology company’s stock worth $506,000 after acquiring an additional 4,077 shares during the period. Magnetar Financial LLC acquired a new position in shares of Nutanix during the 1st quarter worth about $319,000. Vident Advisory LLC lifted its stake in Nutanix by 154.2% in the 1st quarter. Vident Advisory LLC now owns 22,747 shares of the technology company’s stock valued at $1,588,000 after buying an additional 13,798 shares in the last quarter. Twin Tree Management LP acquired a new stake in Nutanix in the 1st quarter worth about $29,000. Finally, Graham Capital Management L.P. increased its stake in Nutanix by 136.3% during the 1st quarter. Graham Capital Management L.P. now owns 26,093 shares of the technology company’s stock worth $1,822,000 after buying an additional 15,053 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 144,707 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the completion of the sale, the chief executive officer owned 524,608 shares in the company, valued at $40,090,543.36. This trade represents a 21.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Teresa Gayle Sheppard sold 3,500 shares of Nutanix stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $76.48, for a total transaction of $267,680.00. Following the sale, the director directly owned 22,400 shares in the company, valued at approximately $1,713,152. The trade was a 13.51% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

NTNX has been the topic of several research reports. Northland Securities decreased their target price on Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 26th. The Goldman Sachs Group reduced their price objective on Nutanix from $95.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Oppenheimer began coverage on shares of Nutanix in a research note on Monday, November 17th. They set an “outperform” rating and a $90.00 target price on the stock. Zacks Research lowered shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Barclays reiterated an “overweight” rating and issued a $64.00 target price on shares of Nutanix in a research report on Wednesday, November 26th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.13.

Nutanix Stock Down 0.7%

Shares of NTNX opened at $51.96 on Wednesday. Nutanix has a 52-week low of $46.12 and a 52-week high of $83.36. The stock has a fifty day simple moving average of $58.02 and a two-hundred day simple moving average of $67.70. The company has a market capitalization of $14.05 billion, a PE ratio of 69.28, a price-to-earnings-growth ratio of 5.57 and a beta of 0.53.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The firm had revenue of $670.58 million for the quarter, compared to analysts’ expectations of $677.23 million. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Nutanix Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.