Nutanix $NTNX Shares Purchased by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in Nutanix (NASDAQ:NTNX) by 71.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,000 shares of the technology company’s stock after buying an additional 25,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Nutanix were worth $4,463,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NTNX. Comerica Bank increased its position in shares of Nutanix by 128.5% during the first quarter. Comerica Bank now owns 7,250 shares of the technology company’s stock valued at $506,000 after acquiring an additional 4,077 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Nutanix during the 1st quarter worth approximately $319,000. Vident Advisory LLC increased its holdings in Nutanix by 154.2% in the 1st quarter. Vident Advisory LLC now owns 22,747 shares of the technology company’s stock valued at $1,588,000 after purchasing an additional 13,798 shares during the last quarter. Twin Tree Management LP purchased a new stake in Nutanix in the first quarter valued at approximately $29,000. Finally, Graham Capital Management L.P. lifted its stake in Nutanix by 136.3% during the first quarter. Graham Capital Management L.P. now owns 26,093 shares of the technology company’s stock worth $1,822,000 after purchasing an additional 15,053 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 0.7%

Shares of NASDAQ:NTNX opened at $51.96 on Wednesday. Nutanix has a 52 week low of $46.12 and a 52 week high of $83.36. The company’s 50 day moving average is $58.02 and its two-hundred day moving average is $67.70. The company has a market cap of $14.05 billion, a PE ratio of 69.28, a P/E/G ratio of 5.57 and a beta of 0.53.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $670.58 million during the quarter, compared to analysts’ expectations of $677.23 million. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. As a group, equities research analysts expect that Nutanix will post 0.31 EPS for the current year.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 144,707 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the sale, the chief executive officer owned 524,608 shares of the company’s stock, valued at approximately $40,090,543.36. This trade represents a 21.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total value of $267,680.00. Following the sale, the director owned 22,400 shares of the company’s stock, valued at approximately $1,713,152. The trade was a 13.51% decrease in their position. The SEC filing for this sale provides additional information. 2.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NTNX shares. Oppenheimer initiated coverage on Nutanix in a research note on Monday, November 17th. They issued an “outperform” rating and a $90.00 price objective for the company. Wall Street Zen downgraded Nutanix from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Barclays reissued an “overweight” rating and set a $64.00 price target on shares of Nutanix in a research report on Wednesday, November 26th. The Goldman Sachs Group dropped their price objective on shares of Nutanix from $95.00 to $75.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $72.00 target price (down from $88.00) on shares of Nutanix in a research note on Wednesday, November 26th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.13.

Nutanix Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.