Artemis Investment Management LLP lifted its position in shares of Nutanix Inc. (NASDAQ:NTNX) by 17.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 844,784 shares of the technology company’s stock after buying an additional 128,493 shares during the quarter. Artemis Investment Management LLP owned approximately 0.88% of Nutanix worth $18,910,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of NTNX. Thompson Davis & CO. Inc. boosted its position in shares of Nutanix by 320.0% in the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after acquiring an additional 4,000 shares during the last quarter. Washington Capital Management Inc. boosted its position in shares of Nutanix by 66.7% in the second quarter. Washington Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $403,000 after acquiring an additional 8,000 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Nutanix by 6.3% in the second quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock worth $2,732,000 after acquiring an additional 8,066 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Nutanix by 3,147.6% in the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after acquiring an additional 8,530 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Nutanix during the second quarter valued at approximately $186,000. Institutional investors and hedge funds own 31.34% of the company’s stock.
In other Nutanix news, insider Sunil Potti sold 10,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $21.43, for a total transaction of $214,300.00. Following the completion of the transaction, the insider now directly owns 123,603 shares in the company, valued at $2,648,812.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Rajiv Mirani sold 20,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $21.55, for a total value of $431,000.00. Following the transaction, the senior vice president now owns 271,000 shares of the company’s stock, valued at $5,840,050. The disclosure for this sale can be found here. Insiders have sold 536,891 shares of company stock valued at $12,537,319 over the last quarter.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The firm had revenue of $226.10 million during the quarter, compared to analyst estimates of $216.00 million. Nutanix’s quarterly revenue was up 61.7% compared to the same quarter last year.
NTNX has been the topic of a number of recent research reports. Vetr raised shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 price target on the stock in a research report on Monday, October 16th. Bank of America Corporation lifted their price target on shares of Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, September 18th. Jefferies Group LLC initiated coverage on shares of Nutanix in a research report on Thursday, August 17th. They set a “buy” rating and a $30.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Nutanix in a research report on Friday, October 13th. Finally, Maxim Group reaffirmed a “buy” rating and set a $41.00 price target on shares of Nutanix in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $30.17.
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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.
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