International Assets Investment Management LLC Raises Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

International Assets Investment Management LLC boosted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 7,970.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,869 shares of the technology company’s stock after acquiring an additional 102,582 shares during the quarter. International Assets Investment Management LLC’s holdings in Nutanix were worth $4,954,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NTNX. Sonen Capital LLC grew its holdings in shares of Nutanix by 1.8% in the third quarter. Sonen Capital LLC now owns 18,118 shares of the technology company’s stock worth $632,000 after purchasing an additional 324 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in Nutanix by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 100,887 shares of the technology company’s stock worth $3,519,000 after acquiring an additional 510 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Nutanix by 2.8% during the third quarter. Victory Capital Management Inc. now owns 25,650 shares of the technology company’s stock valued at $895,000 after acquiring an additional 707 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Nutanix by 25.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 3,774 shares of the technology company’s stock valued at $181,000 after purchasing an additional 767 shares during the period. Finally, Arizona State Retirement System grew its stake in Nutanix by 1.4% in the fourth quarter. Arizona State Retirement System now owns 68,046 shares of the technology company’s stock worth $3,245,000 after purchasing an additional 918 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NTNX. Raymond James raised Nutanix from a “market perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research report on Wednesday. JMP Securities increased their target price on shares of Nutanix from $50.00 to $70.00 and gave the stock a “market outperform” rating in a report on Monday, February 5th. Bank of America raised their target price on shares of Nutanix from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. upped their price target 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. Finally, Royal Bank of Canada lifted their price objective 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 investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $65.69.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $66.21 on Thursday. Nutanix, Inc. has a fifty-two week low of $24.08 and a fifty-two week high of $67.19. The company has a market cap of $16.18 billion, a PE ratio of -183.92 and a beta of 1.27. The business has a 50-day simple moving average of $63.04 and a two-hundred day simple moving average of $52.96.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The company had revenue of $565.23 million during the quarter, compared to analyst estimates of $551.82 million. On average, sell-side analysts predict that Nutanix, Inc. will post -0.04 earnings per share for the current fiscal year.

Insider Activity

In related news, COO David Sangster sold 12,545 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $63.04, for a total value of $790,836.80. Following the completion of the transaction, the chief operating officer now owns 70,192 shares in the company, valued at approximately $4,424,903.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Nutanix news, COO David Sangster sold 12,545 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 70,192 shares of the company’s stock, valued at approximately $4,424,903.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction that occurred on 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 sale, the chief financial officer now owns 144,635 shares of the company’s stock, valued at $9,368,008.95. The disclosure for this sale can be found here. Insiders have sold 129,506 shares of company stock valued at $8,270,938 over the last ninety days. 0.46% of the stock is currently owned by insiders.

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.