Quest Partners LLC Raises Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Quest Partners LLC grew its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 107.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,337 shares of the technology company’s stock after acquiring an additional 3,806 shares during the quarter. Quest Partners LLC’s holdings in Nutanix were worth $435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Nutanix during the second quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new position in shares of Nutanix in the 3rd quarter valued at $27,000. Itau Unibanco Holding S.A. acquired a new position in shares of Nutanix during the 2nd quarter valued at $32,000. GAMMA Investing LLC boosted its position in Nutanix by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after purchasing an additional 243 shares during the period. Finally, Signaturefd LLC increased its holdings in Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock valued at $57,000 after purchasing an additional 350 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NTNX has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Oppenheimer initiated coverage on Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target for the company. Raymond James lifted their price objective on shares of Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Morgan Stanley upgraded shares of Nutanix from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $71.00 to $72.00 in a research note on Monday, October 28th. Finally, Northland Securities lifted their price target on shares of Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and an average price target of $73.86.

Nutanix Trading Up 3.2 %

Shares of NTNX opened at $73.18 on Friday. Nutanix, Inc. has a 52 week low of $40.33 and a 52 week high of $73.69. The firm has a market cap of $19.41 billion, a price-to-earnings ratio of -140.73, a PEG ratio of 11.74 and a beta of 1.17. The stock has a 50 day moving average of $63.90 and a 200-day moving average of $59.33.

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

Insider Activity at Nutanix

In other news, COO David Sangster sold 11,950 shares of the company’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 transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The transaction 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 firm’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 completion of the sale, the chief financial officer now directly owns 192,169 shares in the company, valued at approximately $11,309,145.65. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

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.