Cerity Partners LLC Has $5.03 Million Stock Position in Nutanix (NASDAQ:NTNX)

Cerity Partners LLC grew its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 98.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,106 shares of the technology company's stock after acquiring an additional 35,688 shares during the period. Cerity Partners LLC's holdings in Nutanix were worth $5,034,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NTNX. Vanguard Group Inc. boosted its holdings in shares of Nutanix by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock valued at $1,568,447,000 after buying an additional 146,854 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Nutanix by 6.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock worth $270,348,000 after acquiring an additional 268,400 shares during the period. Geode Capital Management LLC lifted its stake in shares of Nutanix by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock worth $263,275,000 after acquiring an additional 163,874 shares during the period. First Trust Advisors LP raised its holdings in shares of Nutanix by 9.3% in the 4th quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company's stock worth $214,055,000 after purchasing an additional 297,754 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Nutanix in the 4th quarter worth approximately $195,758,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of NTNX traded up $1.29 during trading hours on Thursday, hitting $74.84. The stock had a trading volume of 2,642,214 shares, compared to its average volume of 2,471,595. The company's fifty day moving average is $76.37 and its two-hundred day moving average is $70.58. Nutanix has a 52 week low of $43.35 and a 52 week high of $83.36. The stock has a market capitalization of $20.06 billion, a price-to-earnings ratio of 150.10, a P/E/G ratio of 6.79 and a beta of 0.67.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The firm had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The company's revenue was up 21.8% on a year-over-year basis. Equities analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

NTNX has been the topic of a number of recent analyst reports. Susquehanna boosted their price target on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a report on Thursday, May 29th. Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Nutanix in a research note on Tuesday. They set a "buy" rating and a $95.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Nutanix has an average rating of "Moderate Buy" and a consensus price target of $91.00.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 1,925 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the sale, the chief executive officer directly owned 518,561 shares in the company, valued at $38,892,075. This trade represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Groen Max Pieter De sold 5,480,467 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the completion of the sale, the director owned 5,480,468 shares in the company, valued at $420,954,747.08. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,552,549 shares of company stock worth $426,621,281 in the last quarter. Insiders own 6.80% of the company's stock.

About Nutanix

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.