137,000 Shares in Nutanix Inc. (NTNX) Acquired by Fairfield Bush & CO.

Fairfield Bush & CO. bought a new position in shares of Nutanix Inc. (NASDAQ:NTNX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 137,000 shares of the technology company’s stock, valued at approximately $2,760,000. Fairfield Bush & CO. owned approximately 0.09% of Nutanix at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in Nutanix by 107.0% during the second quarter. California State Teachers Retirement System now owns 61,700 shares of the technology company’s stock worth $1,243,000 after acquiring an additional 31,900 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Nutanix by 661.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,383 shares of the technology company’s stock valued at $612,000 after purchasing an additional 26,393 shares during the period. State Street Corp raised its stake in shares of Nutanix by 146.7% in the 2nd quarter. State Street Corp now owns 547,995 shares of the technology company’s stock valued at $11,042,000 after purchasing an additional 325,821 shares during the period. Lenox Wealth Management Inc. acquired a new stake in shares of Nutanix in the 2nd quarter valued at about $397,000. Finally, Partners Group Holding AG raised its stake in shares of Nutanix by 89.9% in the 2nd quarter. Partners Group Holding AG now owns 93,973 shares of the technology company’s stock valued at $1,894,000 after purchasing an additional 44,485 shares during the period. Hedge funds and other institutional investors own 31.48% of the company’s stock.

Several analysts have issued reports on the company. Stifel Nicolaus set a $25.00 price target on Nutanix and gave the company a “hold” rating in a research note on Tuesday, August 15th. Maxim Group reissued a “buy” rating and issued a $41.00 price target on shares of Nutanix in a research note on Friday, September 22nd. Jefferies Group LLC assumed coverage on Nutanix in a research note on Thursday, August 17th. They issued a “buy” rating and a $30.00 price target on the stock. Robert W. Baird reissued a “buy” rating and issued a $31.00 price target (up previously from $28.00) on shares of Nutanix in a research note on Monday, September 25th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $21.00 price target (up previously from $19.00) on shares of Nutanix in a research note on Sunday, September 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $30.43.

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In related news, Director Jeffrey T. Parks sold 1,234,822 shares of Nutanix stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $21.97, for a total value of $27,129,039.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Sangster sold 27,000 shares of Nutanix stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $21.28, for a total transaction of $574,560.00. Following the completion of the transaction, the executive vice president now owns 116,250 shares of the company’s stock, valued at $2,473,800. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,646,713 shares of company stock valued at $36,183,779.

Shares of Nutanix Inc. (NASDAQ NTNX) traded up 10.957% during midday trading on Tuesday, hitting $25.864. The stock had a trading volume of 10,913,321 shares. The company’s market cap is $4.01 billion. Nutanix Inc. has a 52 week low of $21.21 and a 52 week high of $35.90. The stock’s 50-day moving average price is $22.72 and its 200 day moving average price is $22.72.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The company had revenue of $226.10 million during the quarter, compared to analyst estimates of $216.00 million. The company’s revenue was up 61.7% on a year-over-year basis. On average, equities analysts forecast that Nutanix Inc. will post ($0.94) earnings per share for the current year.

Nutanix Profile

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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