SG Americas Securities LLC Buys 14,441 Shares of Nutanix, Inc. (NASDAQ:NTNX)

SG Americas Securities LLC increased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 59.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,705 shares of the technology company’s stock after purchasing an additional 14,441 shares during the period. SG Americas Securities LLC’s holdings in Nutanix were worth $1,846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its position in shares of Nutanix by 1.6% during the 3rd quarter. FMR LLC now owns 35,942,093 shares of the technology company’s stock worth $1,253,660,000 after buying an additional 578,189 shares during the period. Vanguard Group Inc. increased its stake in Nutanix by 5.0% in the first quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company’s stock valued at $626,094,000 after purchasing an additional 1,116,856 shares in the last quarter. BlackRock Inc. increased its stake in Nutanix by 1.2% in the first quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company’s stock valued at $260,245,000 after purchasing an additional 117,982 shares in the last quarter. First Trust Advisors LP raised its holdings in Nutanix by 4.0% in the first quarter. First Trust Advisors LP now owns 6,266,714 shares of the technology company’s stock worth $162,872,000 after purchasing an additional 238,396 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Nutanix by 2.9% during the second quarter. Geode Capital Management LLC now owns 3,464,929 shares of the technology company’s stock worth $97,191,000 after purchasing an additional 98,240 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. 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 report on Monday, February 5th. Wells Fargo & Company raised their price target on Nutanix from $35.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. boosted their price objective on Nutanix from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Susquehanna lifted their price target on shares of Nutanix from $48.00 to $60.00 and gave the company a “positive” rating in a research note on Friday, December 1st. Finally, Royal Bank of Canada upped their price target on shares of Nutanix from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.92.

Nutanix Trading Down 2.8 %

NASDAQ NTNX opened at $61.93 on Thursday. Nutanix, Inc. has a 12 month low of $23.34 and a 12 month high of $66.99. The stock has a 50 day moving average of $59.73 and a 200-day moving average of $47.38. The company has a market cap of $15.13 billion, a PE ratio of -172.03 and a beta of 1.29.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The firm had revenue of $565.23 million during the quarter, compared to analyst estimates of $551.82 million. As a group, sell-side analysts predict that Nutanix, Inc. will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $64.11, for a total value of $1,602,750.00. Following the completion of the sale, the director now directly owns 3,962 shares of the company’s stock, valued at $254,003.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Nutanix news, Director Steven J. Gomo sold 25,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the sale, the director now owns 3,962 shares of the company’s stock, valued at approximately $254,003.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tyler Wall sold 15,000 shares of Nutanix stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $62.25, for a total transaction of $933,750.00. Following the transaction, the insider now directly owns 13,168 shares of the company’s stock, valued at $819,708. The disclosure for this sale can be found here. Insiders have sold a total of 76,477 shares of company stock valued at $4,836,249 over the last 90 days. 0.46% of the stock is currently owned by insiders.

Nutanix Company 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.