Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Sonen Capital LLC

Sonen Capital LLC boosted its position in Nutanix, Inc. (NASDAQ:NTNX) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,663 shares of the technology company’s stock after acquiring an additional 545 shares during the quarter. Nutanix accounts for about 1.7% of Sonen Capital LLC’s holdings, making the stock its 17th biggest holding. Sonen Capital LLC’s holdings in Nutanix were worth $890,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of Nutanix in the 4th quarter valued at approximately $30,000. BluePath Capital Management LLC acquired a new position in shares of Nutanix during the third quarter worth $31,000. Harvest Fund Management Co. Ltd purchased a new position in Nutanix in the fourth quarter valued at $40,000. Fifth Third Bancorp acquired a new stake in Nutanix in the fourth quarter valued at $62,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Nutanix during the 3rd quarter worth about $107,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Up 1.3 %

NTNX opened at $61.66 on Friday. Nutanix, Inc. has a 52 week low of $23.34 and a 52 week high of $66.99. The business has a 50 day moving average price of $62.18 and a two-hundred day moving average price of $51.55.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The company had revenue of $565.23 million for the quarter, compared to analysts’ expectations of $551.82 million. As a group, equities analysts expect that Nutanix, Inc. will post -0.04 EPS for the current fiscal year.

Insider Transactions at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the sale, the chief financial officer now owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Nutanix news, Director Steven J. Gomo sold 25,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the sale, the director now directly owns 3,962 shares in the company, valued at approximately $254,003.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the transaction, the chief financial officer now owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,506 shares of company stock worth $8,270,938. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the topic of a number of recent analyst reports. Barclays increased their price objective on Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Needham & Company LLC increased their target price on shares of Nutanix from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. KeyCorp lifted their price target on shares of Nutanix from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, JMP Securities upped their price objective on shares of Nutanix from $50.00 to $70.00 and gave the company a “market outperform” rating in a research note on Monday, February 5th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.17.

Nutanix 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.