Bryn Mawr Capital Management LLC Invests $415,000 in Nutanix, Inc. (NASDAQ:NTNX)

Bryn Mawr Capital Management LLC bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,300 shares of the technology company’s stock, valued at approximately $415,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTNX. International Assets Investment Management LLC grew its stake in shares of Nutanix by 7,970.6% in the fourth quarter. International Assets Investment Management LLC now owns 103,869 shares of the technology company’s stock worth $4,954,000 after purchasing an additional 102,582 shares in the last quarter. CWM LLC increased its stake in Nutanix by 31.9% during the 4th quarter. CWM LLC now owns 5,970 shares of the technology company’s stock valued at $285,000 after buying an additional 1,443 shares during the period. GAMMA Investing LLC bought a new stake in shares of Nutanix during the 4th quarter worth about $30,000. Victory Capital Management Inc. lifted its stake in shares of Nutanix by 30.1% in the 4th quarter. Victory Capital Management Inc. now owns 33,370 shares of the technology company’s stock worth $1,591,000 after acquiring an additional 7,720 shares during the period. Finally, New York Life Investment Management LLC boosted its holdings in shares of Nutanix by 3.8% in the fourth quarter. New York Life Investment Management LLC now owns 26,726 shares of the technology company’s stock valued at $1,275,000 after acquiring an additional 986 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling at Nutanix

In other Nutanix news, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Rajiv Ramaswami sold 23,986 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $1,299,801.34. Following the sale, the chief executive officer now directly owns 407,045 shares of the company’s stock, valued at $22,057,768.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO David Sangster sold 10,384 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the completion of the sale, the chief operating officer now directly owns 64,333 shares of the company’s stock, valued at $3,486,205.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,936 shares of company stock worth $2,531,273. 0.46% of the stock is currently owned by company insiders.

Nutanix Stock Performance

Shares of NTNX stock traded up $0.28 on Friday, reaching $63.19. 4,567,034 shares of the company’s stock traded hands, compared to its average volume of 2,716,006. The company has a market capitalization of $15.59 billion, a P/E ratio of -902.71, a price-to-earnings-growth ratio of 4.45 and a beta of 1.16. Nutanix, Inc. has a 12-month low of $30.26 and a 12-month high of $73.69. The business’s 50 day moving average price is $52.87 and its two-hundred day moving average price is $58.73.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NTNX. Morgan Stanley upped their target price on Nutanix from $62.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday. KeyCorp raised their target price on Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Bank of America boosted their price target on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Northland Capmk lowered shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. Finally, Northland Securities boosted their target price on shares of Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average price target of $73.31.

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.