Qsemble Capital Management LP Invests $202,000 in Nutanix, Inc. (NASDAQ:NTNX)

Qsemble Capital Management LP purchased a new position in Nutanix, Inc. (NASDAQ:NTNX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,407 shares of the technology company’s stock, valued at approximately $202,000.

Several other large investors have also recently modified their holdings of NTNX. CIBC Asset Management Inc raised its position in Nutanix by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after buying an additional 233 shares during the last quarter. GAMMA Investing LLC raised its position in Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after buying an additional 243 shares during the last quarter. Paragon Capital Management Inc. raised its position in Nutanix by 1.0% in the 3rd quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock worth $1,545,000 after buying an additional 258 shares during the last quarter. Larson Financial Group LLC raised its position in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after buying an additional 281 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after buying an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 7.8 %

Shares of NASDAQ:NTNX opened at $66.70 on Friday. Nutanix, Inc. has a 12-month low of $40.44 and a 12-month high of $75.80. The company has a market capitalization of $17.69 billion, a PE ratio of -128.27, a PEG ratio of 12.05 and a beta of 1.17. The business has a 50 day moving average of $64.79 and a two-hundred day moving average of $59.45.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The company had revenue of $547.95 million during the quarter, compared to the consensus estimate of $537.12 million. Equities research analysts predict that Nutanix, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. The trade was a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

NTNX has been the subject of a number of recent analyst reports. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Needham & Company LLC upped their price target on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America upped their price target on shares of Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley upped their price target on shares of Nutanix from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.86.

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.