Nutanix Inc. (NTNX) Stake Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in Nutanix Inc. (NASDAQ:NTNX) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 315,112 shares of the technology company’s stock after buying an additional 18,005 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.20% of Nutanix worth $7,054,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Scott & Selber Inc. acquired a new stake in shares of Nutanix in the 3rd quarter valued at approximately $1,398,000. Ameriprise Financial Inc. boosted its holdings in shares of Nutanix by 274.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 582,673 shares of the technology company’s stock valued at $11,741,000 after buying an additional 427,255 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Nutanix by 3,462.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock valued at $14,808,000 after purchasing an additional 714,257 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Nutanix by 12.2% during the 1st quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock valued at $2,430,000 after purchasing an additional 14,097 shares during the last quarter. Finally, Lenox Wealth Management Inc. acquired a new stake in Nutanix during the 2nd quarter valued at $397,000. 35.35% of the stock is owned by institutional investors.

In other Nutanix news, VP Kenneth W. Long III sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $29.11, for a total value of $873,300.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Sudheesh Nair Vadakkedath sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $34.07, for a total value of $1,703,500.00. Following the completion of the transaction, the president now directly owns 228,330 shares in the company, valued at $7,779,203.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,791,869 shares of company stock worth $50,409,588. 19.81% of the stock is owned by insiders.

Shares of Nutanix Inc. (NASDAQ NTNX) opened at $35.06 on Friday. Nutanix Inc. has a 12 month low of $14.38 and a 12 month high of $38.28.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.10. Nutanix had a negative return on equity of 363.55% and a negative net margin of 40.81%. The firm had revenue of $275.60 million for the quarter, compared to analyst estimates of $267.02 million. During the same period last year, the firm posted ($0.37) earnings per share. The business’s revenue for the quarter was up 46.1% on a year-over-year basis. equities analysts expect that Nutanix Inc. will post -1.81 EPS for the current year.

Several equities research analysts have issued reports on the company. Zacks Investment Research raised Nutanix from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday. Raymond James Financial set a $37.00 price target on Nutanix and gave the company a “buy” rating in a report on Monday, December 4th. Vetr downgraded Nutanix from a “strong-buy” rating to a “buy” rating and set a $38.31 target price for the company. in a report on Monday, December 4th. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 target price on shares of Nutanix in a report on Friday, December 1st. Finally, Morgan Stanley lifted their target price on Nutanix from $22.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Nutanix currently has an average rating of “Buy” and a consensus target price of $34.71.

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About Nutanix

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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