Thompson Davis & CO. Inc. Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

Thompson Davis & CO. Inc. bought a new position in Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 6,100 shares of the technology company’s stock, valued at approximately $291,000.

A number of other institutional investors have also bought and sold shares of the business. CWM LLC raised its position in shares of Nutanix by 7.8% during the 3rd quarter. CWM LLC now owns 4,527 shares of the technology company’s stock valued at $158,000 after buying an additional 328 shares during the period. SG Americas Securities LLC raised its position in shares of Nutanix by 61.8% during the 3rd quarter. SG Americas Securities LLC now owns 24,264 shares of the technology company’s stock valued at $846,000 after buying an additional 9,264 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Nutanix by 13.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,290 shares of the technology company’s stock valued at $1,963,000 after buying an additional 6,716 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of Nutanix during the 3rd quarter valued at approximately $31,000. Finally, Mackenzie Financial Corp raised its position in shares of Nutanix by 2.5% during the 3rd quarter. Mackenzie Financial Corp now owns 576,015 shares of the technology company’s stock valued at $19,763,000 after buying an additional 14,192 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nutanix

In related news, COO David Sangster sold 12,545 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $63.04, for a total value of $790,836.80. Following the completion of the sale, the chief operating officer now directly owns 70,192 shares of the company’s stock, valued at $4,424,903.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Tyler Wall sold 15,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $62.25, for a total value of $933,750.00. Following the completion of the sale, the insider now directly owns 13,168 shares of the company’s stock, valued at $819,708. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO David Sangster sold 12,545 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $63.04, for a total transaction of $790,836.80. Following the completion of the sale, the chief operating officer now directly owns 70,192 shares of the company’s stock, valued at $4,424,903.68. The disclosure for this sale can be found here. Insiders sold a total of 129,506 shares of company stock valued at $8,270,938 over the last ninety days. Insiders own 0.46% of the company’s stock.

Nutanix Trading Down 2.5 %

Shares of NTNX stock traded down $1.57 on Tuesday, reaching $60.70. 1,754,604 shares of the stock were exchanged, compared to its average volume of 2,682,296. The business’s 50 day moving average price is $62.35 and its 200 day moving average price is $51.96. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of -168.61 and a beta of 1.29. Nutanix, Inc. has a twelve month low of $23.80 and a twelve month high of $66.99.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The company had revenue of $565.23 million during the quarter, compared to analysts’ expectations of $551.82 million. Equities research analysts forecast that Nutanix, Inc. will post -0.04 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on NTNX. KeyCorp lifted their target price on shares of Nutanix from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Morgan Stanley lifted their target price on shares of Nutanix from $58.00 to $63.00 and gave the company an “equal weight” rating in a report on Wednesday, March 27th. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th. JPMorgan Chase & Co. lifted their target price on shares of Nutanix from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Finally, JMP Securities lifted their target price on shares of Nutanix from $50.00 to $70.00 and gave the company a “market outperform” rating in a report on Monday, February 5th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.17.

About Nutanix

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.