New York Life Investment Management LLC Has $1.28 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

New York Life Investment Management LLC increased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 3.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,726 shares of the technology company’s stock after purchasing an additional 986 shares during the period. New York Life Investment Management LLC’s holdings in Nutanix were worth $1,275,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Nutanix in the 4th quarter valued at approximately $30,000. BluePath Capital Management LLC bought a new position in Nutanix in the 3rd quarter valued at $31,000. Harvest Fund Management Co. Ltd bought a new position in Nutanix in the 4th quarter valued at $40,000. Fifth Third Bancorp bought a new position in Nutanix in the 4th quarter valued at $62,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Nutanix in the 3rd quarter valued at $107,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Buying and Selling

In related news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction dated Wednesday, April 10th. The stock was 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 in the company, valued at $9,368,008.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction dated Wednesday, April 10th. The stock was 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 in the company, valued at $9,368,008.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $64.11, for a total value of $1,602,750.00. Following the completion of the transaction, the director now directly owns 3,962 shares in the company, valued at approximately $254,003.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,506 shares of company stock worth $8,270,938. Company insiders own 0.46% of the company’s stock.

Nutanix Price Performance

NTNX opened at $65.32 on Wednesday. The business’s 50-day moving average price is $62.90 and its two-hundred day moving average price is $52.87. Nutanix, Inc. has a 1 year low of $23.88 and a 1 year high of $66.99. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of -181.44 and a beta of 1.27.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data 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 the consensus estimate of $551.82 million. Sell-side analysts anticipate that Nutanix, Inc. will post -0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Susquehanna increased their price objective on Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Wednesday, April 10th. William Blair upgraded Nutanix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. Bank of America increased their price objective on Nutanix from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Barclays increased their price objective on Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Finally, Piper Sandler increased their price target on Nutanix from $67.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.