26,597 Shares in Nutanix, Inc. (NASDAQ:NTNX) Acquired by Duality Advisers LP

Duality Advisers LP purchased a new position in Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,597 shares of the technology company’s stock, valued at approximately $1,268,000.

A number of other institutional investors also recently added to or reduced their stakes in NTNX. CWM LLC lifted its stake in Nutanix by 7.8% in the third quarter. CWM LLC now owns 4,527 shares of the technology company’s stock worth $158,000 after acquiring an additional 328 shares during the last quarter. SG Americas Securities LLC lifted its stake in Nutanix by 61.8% in the third quarter. SG Americas Securities LLC now owns 24,264 shares of the technology company’s stock worth $846,000 after acquiring an additional 9,264 shares during the last quarter. Oak Thistle LLC purchased a new position in Nutanix in the third quarter worth approximately $1,295,000. SWAN Capital LLC purchased a new position in Nutanix in the third quarter worth approximately $375,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Nutanix by 13.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,290 shares of the technology company’s stock worth $1,963,000 after acquiring an additional 6,716 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of Nutanix stock opened at $61.07 on Wednesday. The firm’s fifty day simple moving average is $62.02 and its 200-day simple moving average is $51.13. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of -169.64 and a beta of 1.29. Nutanix, Inc. has a 12 month low of $23.34 and a 12 month high of $66.99.

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

Insider Buying and Selling at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 23,932 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $63.05, for a total value of $1,508,912.60. Following the transaction, the chief executive officer now directly owns 373,024 shares of the company’s stock, valued at approximately $23,519,163.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Nutanix news, CEO Rajiv Ramaswami sold 23,932 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $63.05, for a total value of $1,508,912.60. Following the transaction, the chief executive officer now directly owns 373,024 shares of the company’s stock, valued at approximately $23,519,163.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven J. Gomo sold 25,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the transaction, the director now directly owns 3,962 shares in the company, valued at $254,003.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,506 shares of company stock valued at $8,270,938. 0.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NTNX shares. KeyCorp boosted their price objective on shares of Nutanix from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Susquehanna boosted their price objective on shares of Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research report on Wednesday, April 10th. Piper Sandler boosted their price objective on shares of Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. William Blair upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. Finally, JMP Securities boosted their price objective on shares of Nutanix from $50.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Monday, February 5th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.17.

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.