Mackenzie Financial Corp Increases Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Mackenzie Financial Corp boosted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 34.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 647,899 shares of the technology company’s stock after buying an additional 167,220 shares during the period. Mackenzie Financial Corp owned approximately 0.26% of Nutanix worth $36,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of NTNX. Vanguard Group Inc. boosted its holdings in shares of Nutanix by 1.4% in the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after acquiring an additional 346,414 shares during the period. Generation Investment Management LLP lifted its holdings in Nutanix by 1.8% during the 4th quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company’s stock worth $823,014,000 after purchasing an additional 300,942 shares in the last quarter. FIL Ltd boosted its stake in Nutanix by 74.7% in the 4th quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock worth $424,830,000 after purchasing an additional 3,809,981 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Nutanix by 29.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock worth $269,024,000 after purchasing an additional 985,421 shares during the period. Finally, Jericho Capital Asset Management L.P. grew its holdings in Nutanix by 13.1% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company’s stock valued at $246,196,000 after buying an additional 462,000 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Nutanix Stock Performance

Shares of Nutanix stock opened at $59.61 on Friday. The company’s 50 day moving average price is $54.93 and its 200-day moving average price is $58.73. Nutanix, Inc. has a 52-week low of $33.78 and a 52-week high of $73.69. The stock has a market capitalization of $14.70 billion, a price-to-earnings ratio of -851.57, a P/E/G ratio of 12.23 and a beta of 1.19.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $547.95 million for the quarter, compared to analysts’ expectations of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. As a group, equities research analysts forecast that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Activity at Nutanix

In other Nutanix news, COO David Sangster sold 11,950 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was 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 SEC, which is available at this link. 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 directly owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the business’s 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 transaction, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders.

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.