Picton Mahoney Asset Management Invests $1.92 Million in Nutanix, Inc. (NASDAQ:NTNX)

Picton Mahoney Asset Management bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the first quarter, HoldingsChannel reports. The institutional investor bought 31,160 shares of the technology company’s stock, valued at approximately $1,923,000.

Several other institutional investors also recently bought and sold shares of the business. Generation Investment Management LLP increased its holdings in Nutanix by 1.8% during the fourth quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company’s stock valued at $823,014,000 after buying an additional 300,942 shares during the period. FIL Ltd increased its holdings in Nutanix by 74.7% during the fourth quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock valued at $424,830,000 after buying an additional 3,809,981 shares during the period. Norges Bank purchased a new position in Nutanix during the fourth quarter valued at approximately $137,465,000. Nordea Investment Management AB increased its holdings in Nutanix by 387.1% during the first quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock valued at $162,229,000 after buying an additional 2,076,377 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Nutanix by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,151,300 shares of the technology company’s stock valued at $102,595,000 after buying an additional 114,687 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nutanix

In related news, COO David Sangster sold 10,384 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the completion of the transaction, the chief operating officer now directly owns 64,333 shares in the company, valued at $3,486,205.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO David Sangster sold 10,384 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the completion of the transaction, the chief operating officer now directly owns 64,333 shares in the company, valued at $3,486,205.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 12,566 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total transaction of $668,762.52. Following the transaction, the chief financial officer now owns 144,902 shares of the company’s stock, valued at $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 over the last three months. Company insiders own 0.46% of the company’s stock.

Nutanix Trading Up 0.8 %

Shares of NASDAQ:NTNX traded up $0.39 on Friday, hitting $48.30. 2,931,402 shares of the company were exchanged, compared to its average volume of 2,792,964. Nutanix, Inc. has a 1-year low of $28.49 and a 1-year high of $73.69. The stock’s 50 day moving average price is $59.18 and its 200 day moving average price is $59.12. The firm has a market capitalization of $11.91 billion, a P/E ratio of -684.33, a price-to-earnings-growth ratio of 10.84 and a beta of 1.16.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on NTNX. Morgan Stanley cut their price objective on shares of Nutanix from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. KeyCorp lifted their price objective on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Royal Bank of Canada raised their target price on shares of Nutanix from $72.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. Needham & Company LLC raised their target price on shares of Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Nutanix from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

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.