Chartwell Investment Partners LLC raised its stake in shares of Nutanix Inc (NASDAQ:NTNX) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 227,588 shares of the technology company’s stock after purchasing an additional 14,420 shares during the period. Chartwell Investment Partners LLC owned 0.12% of Nutanix worth $5,395,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Nutanix by 60.0% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,600 shares of the technology company’s stock worth $25,000 after purchasing an additional 600 shares during the last quarter. CWM Advisors LLC acquired a new position in shares of Nutanix during the first quarter worth approximately $35,000. Rockefeller Capital Management L.P. boosted its position in shares of Nutanix by 347.0% in the first quarter. Rockefeller Capital Management L.P. now owns 2,369 shares of the technology company’s stock valued at $37,000 after acquiring an additional 1,839 shares during the period. American International Group Inc. grew its stake in shares of Nutanix by 20.4% in the first quarter. American International Group Inc. now owns 3,951 shares of the technology company’s stock worth $62,000 after acquiring an additional 669 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Nutanix by 89.1% in the first quarter. US Bancorp DE now owns 6,916 shares of the technology company’s stock worth $110,000 after acquiring an additional 3,258 shares during the last quarter. Institutional investors own 70.08% of the company’s stock.
Nutanix stock opened at $22.19 on Friday. The business’s fifty day moving average is $22.68 and its two-hundred day moving average is $23.93. The company has a debt-to-equity ratio of 9.21, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $4.32 billion, a P/E ratio of -4.81 and a beta of 1.99. Nutanix Inc has a 52 week low of $11.31 and a 52 week high of $37.86.
A number of brokerages have weighed in on NTNX. BidaskClub downgraded shares of Nutanix from a “hold” rating to a “sell” rating in a report on Friday, July 17th. Zacks Investment Research cut shares of Nutanix from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research note on Monday, May 4th. ValuEngine lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 8th. Robert W. Baird raised their price objective on Nutanix from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Goldman Sachs Group cut Nutanix from a “buy” rating to a “sell” rating and lowered their price objective for the company from $47.00 to $15.00 in a research report on Friday, April 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.47.
In other Nutanix news, COO David Sangster sold 9,716 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $23.12, for a total transaction of $224,633.92. Following the transaction, the chief operating officer now directly owns 64,279 shares in the company, valued at approximately $1,486,130.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tyler Wall sold 8,219 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $23.12, for a total transaction of $190,023.28. Following the completion of the transaction, the insider now directly owns 62,795 shares in the company, valued at approximately $1,451,820.40. The disclosure for this sale can be found here. Insiders have sold 48,785 shares of company stock worth $1,127,909 over the last quarter. 9.79% of the stock is owned by company insiders.
Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.
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