ING Groep NV Invests $1.11 Million in Nutanix, Inc. (NASDAQ:NTNX)

ING Groep NV acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,700 shares of the technology company’s stock, valued at approximately $1,108,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Nutanix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after purchasing an additional 346,414 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Nutanix by 29.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock worth $269,024,000 after acquiring an additional 985,421 shares in the last quarter. Jericho Capital Asset Management L.P. increased its holdings in Nutanix by 13.1% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company’s stock worth $246,196,000 after acquiring an additional 462,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Nutanix by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock worth $212,548,000 after acquiring an additional 256,156 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after acquiring an additional 477,838 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Trading Down 2.2 %

Shares of NTNX stock opened at $69.53 on Monday. The company’s 50-day moving average price is $62.90 and its 200-day moving average price is $59.08. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of -133.71, a PEG ratio of 13.22 and a beta of 1.17. Nutanix, Inc. has a twelve month low of $38.60 and a twelve month high of $73.69.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. The firm had revenue of $547.95 million for the quarter, compared to analysts’ expectations of $537.12 million. As a group, equities research analysts predict that Nutanix, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

NTNX has been the subject of several recent analyst reports. Morgan Stanley raised shares of Nutanix from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $71.00 to $72.00 in a report on Monday, October 28th. Piper Sandler boosted their price target on shares of Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Needham & Company LLC reissued a “buy” rating and issued a $80.00 price target on shares of Nutanix in a report on Thursday, August 29th. Oppenheimer initiated coverage on shares of Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target for the company. Finally, Barclays upped their target price on shares of Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and a consensus target price of $73.86.

Insider Buying and Selling at Nutanix

In other Nutanix news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the transaction, the chief operating officer now owns 123,868 shares of the company’s stock, valued at $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the transaction, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate 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.