Axa S.A. Buys New Position in Nutanix, Inc. (NASDAQ:NTNX)

Axa S.A. purchased a new position in Nutanix, Inc. (NASDAQ:NTNX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,391 shares of the technology company’s stock, valued at approximately $1,046,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Nutanix in the 2nd quarter worth approximately $25,000. Itau Unibanco Holding S.A. bought a new stake in Nutanix during the second quarter worth approximately $32,000. Kapitalo Investimentos Ltda acquired a new position in Nutanix in the fourth quarter worth approximately $37,000. GAMMA Investing LLC increased its holdings in shares of Nutanix by 35.2% in the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock valued at $53,000 after buying an additional 243 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Nutanix during the 1st quarter valued at $64,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $56.46 on Wednesday. Nutanix, Inc. has a one year low of $33.78 and a one year high of $73.69. The business’s 50-day moving average price is $55.25 and its two-hundred day moving average price is $58.58. The company has a market capitalization of $13.93 billion, a P/E ratio of -806.57, a price-to-earnings-growth 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. On average, equities analysts anticipate that Nutanix, Inc. will post 0.27 EPS for the current year.

Insider Activity

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

Analyst Ratings Changes

A number of brokerages recently issued reports on NTNX. Raymond James lifted their target price on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Morgan Stanley boosted their price objective on Nutanix from $62.00 to $71.00 and gave the stock an “equal weight” rating in a report on Thursday, August 29th. Bank of America raised their target price on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Piper Sandler lifted their target price on shares of Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Finally, Barclays upped their price target on shares of Nutanix from $71.00 to $75.00 and gave the company an “overweight” 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. According to MarketBeat.com, the stock currently has an average 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.