Massachusetts Financial Services Co. MA Increases Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Massachusetts Financial Services Co. MA boosted its position in Nutanix, Inc. (NASDAQ:NTNXFree Report) by 1,038.1% in the third quarter, HoldingsChannel.com reports. The firm owned 102,983 shares of the technology company’s stock after acquiring an additional 93,934 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Nutanix were worth $3,592,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Swiss National Bank raised its holdings in Nutanix by 3.5% in the third quarter. Swiss National Bank now owns 518,300 shares of the technology company’s stock worth $18,078,000 after purchasing an additional 17,300 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Nutanix by 8.9% during the third quarter. Amalgamated Bank now owns 42,313 shares of the technology company’s stock valued at $1,476,000 after acquiring an additional 3,453 shares in the last quarter. JSF Financial LLC increased its holdings in shares of Nutanix by 50.6% during the third quarter. JSF Financial LLC now owns 16,744 shares of the technology company’s stock valued at $584,000 after acquiring an additional 5,626 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Nutanix during the third quarter valued at about $999,000. Finally, New York Life Investment Management LLC increased its holdings in shares of Nutanix by 109.6% during the third quarter. New York Life Investment Management LLC now owns 25,740 shares of the technology company’s stock valued at $898,000 after acquiring an additional 13,457 shares in the last quarter. 78.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Rajiv Ramaswami sold 87,997 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $40.00, for a total transaction of $3,519,880.00. Following the completion of the transaction, the chief executive officer now directly owns 386,502 shares of the company’s stock, valued at approximately $15,460,080. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, COO David Sangster sold 10,616 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $46.04, for a total transaction of $488,760.64. Following the completion of the transaction, the chief operating officer now directly owns 68,471 shares of the company’s stock, valued at approximately $3,152,404.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 87,997 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $40.00, for a total value of $3,519,880.00. Following the transaction, the chief executive officer now directly owns 386,502 shares of the company’s stock, valued at $15,460,080. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 245,226 shares of company stock worth $10,796,748. Corporate insiders own 0.46% of the company’s stock.

Nutanix Stock Performance

Nutanix stock opened at $58.15 on Monday. Nutanix, Inc. has a 12 month low of $23.34 and a 12 month high of $59.15. The stock’s 50 day simple moving average is $50.25 and its two-hundred day simple moving average is $40.46.

Nutanix (NASDAQ:NTNXGet Free Report) last released its quarterly earnings data on Wednesday, November 29th. The technology company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.18 by $0.11. The company had revenue of $511.10 million during the quarter, compared to analysts’ expectations of $501.26 million. During the same quarter in the prior year, the company posted ($0.32) EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, equities research analysts expect that Nutanix, Inc. will post -0.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of Nutanix from $54.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Susquehanna upped their price objective on shares of Nutanix from $48.00 to $60.00 and gave the company a “positive” rating in a report on Friday, December 1st. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th. Morgan Stanley upped their target price on Nutanix from $38.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, November 30th. Finally, JMP Securities upped their target price on Nutanix from $50.00 to $70.00 and gave the company a “market outperform” rating in a research report on Monday, February 5th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $54.00.

View Our Latest Stock Analysis on Nutanix

Nutanix Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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