Pallas Capital Advisors LLC Grows Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Pallas Capital Advisors LLC boosted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 121.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,624 shares of the technology company’s stock after acquiring an additional 4,175 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Nutanix were worth $433,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Nutanix in the second quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Nutanix in the fourth quarter valued at $29,000. GAMMA Investing LLC acquired a new stake in Nutanix in the fourth quarter valued at $30,000. Kapitalo Investimentos Ltda acquired a new stake in Nutanix in the fourth quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Nutanix in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NTNX shares. Needham & Company LLC increased their price objective on Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Northland Securities lowered Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 price objective on the stock. in a research note on Thursday, May 30th. Morgan Stanley decreased their price objective on Nutanix from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, June 21st. KeyCorp raised their price target on Nutanix from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Finally, Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and a consensus target price of $71.85.

Insider Activity at Nutanix

In other Nutanix news, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Nutanix news, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 12,566 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total value of $668,762.52. Following the completion of the sale, the chief financial officer now directly owns 144,902 shares in the company, valued at approximately $7,711,684.44. The disclosure for this sale can be found here. Insiders sold 46,936 shares of company stock worth $2,531,273 in the last 90 days. 0.46% of the stock is currently owned by company insiders.

Nutanix Trading Down 0.7 %

NASDAQ NTNX traded down $0.39 during mid-day trading on Wednesday, reaching $52.64. 543,949 shares of the company’s stock traded hands, compared to its average volume of 2,684,044. The company has a market cap of $12.98 billion, a price-to-earnings ratio of -750.86, a P/E/G ratio of 4.45 and a beta of 1.16. The company has a fifty day simple moving average of $52.57 and a 200-day simple moving average of $58.86. Nutanix, Inc. has a 1-year low of $29.25 and a 1-year high of $73.69.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.12. The company had revenue of $524.58 million during the quarter, compared to analyst estimates of $516.13 million. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. Equities research analysts forecast that Nutanix, Inc. will post 0.12 earnings per share for the current fiscal year.

Nutanix Company 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.