Blueshift Asset Management LLC Purchases 6,673 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Blueshift Asset Management LLC grew its position in Nutanix, Inc. (NASDAQ:NTNX) by 103.9% during the third quarter, HoldingsChannel reports. The firm owned 13,093 shares of the technology company’s stock after buying an additional 6,673 shares during the period. Blueshift Asset Management LLC’s holdings in Nutanix were worth $776,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Freedom Investment Management Inc. grew its stake in Nutanix by 4.0% during the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after purchasing an additional 151 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Nutanix by 150.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 45,765 shares of the technology company’s stock worth $2,712,000 after buying an additional 27,502 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in shares of Nutanix during the 3rd quarter worth approximately $202,000. Loomis Sayles & Co. L P increased its stake in shares of Nutanix by 63.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,932 shares of the technology company’s stock valued at $115,000 after acquiring an additional 750 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Nutanix by 1,107.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 83,778 shares of the technology company’s stock worth $4,964,000 after purchasing an additional 76,839 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

NASDAQ:NTNX opened at $66.70 on Thursday. Nutanix, Inc. has a 52 week low of $40.44 and a 52 week high of $75.80. The firm has a 50-day moving average price of $64.64 and a two-hundred day moving average price of $59.40. The firm has a market cap of $17.69 billion, a price-to-earnings ratio of -128.27, a price-to-earnings-growth ratio of 12.05 and a beta of 1.17.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The company had revenue of $547.95 million during the quarter, compared to the consensus estimate of $537.12 million. As a group, sell-side analysts forecast that Nutanix, Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Nutanix

In related news, 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 value 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 approximately $11,309,145.65. The trade was a 11.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Sangster sold 11,950 shares of the 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 transaction, the chief operating officer now owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

NTNX has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday. Piper Sandler increased their price target on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday. Needham & Company LLC boosted their price objective on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America increased their target price on Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, Northland Securities restated a “market perform” rating and set a $77.00 price target (up previously from $74.00) on shares of Nutanix in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and an average price target of $78.86.

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.