The Manufacturers Life Insurance Company Purchases 26,393 Shares of Nutanix Inc. (NTNX)

The Manufacturers Life Insurance Company raised its holdings in shares of Nutanix Inc. (NASDAQ:NTNX) by 661.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 30,383 shares of the technology company’s stock after purchasing an additional 26,393 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Nutanix were worth $612,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTNX. FMR LLC boosted its holdings in shares of Nutanix by 320.6% in the 2nd quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after buying an additional 9,180,123 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Nutanix in the 2nd quarter worth approximately $55,063,000. Vanguard Group Inc. boosted its stake in Nutanix by 65.5% in the 1st quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock worth $61,480,000 after purchasing an additional 1,295,813 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Nutanix by 3,462.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after purchasing an additional 714,257 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Nutanix by 1,771.2% in the 2nd quarter. New York State Common Retirement Fund now owns 527,700 shares of the technology company’s stock worth $10,633,000 after purchasing an additional 499,499 shares in the last quarter. 35.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nutanix Inc. (NASDAQ:NTNX) traded up $1.20 during mid-day trading on Wednesday, hitting $35.30. 3,107,104 shares of the stock traded hands, compared to its average volume of 3,163,271. Nutanix Inc. has a 1 year low of $14.38 and a 1 year high of $38.28.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. The firm had revenue of $275.60 million for the quarter, compared to analysts’ expectations of $267.02 million. Nutanix had a negative net margin of 22.31% and a negative return on equity of 113.75%. The company’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.37) EPS. analysts expect that Nutanix Inc. will post -1.98 earnings per share for the current year.

NTNX has been the subject of a number of recent analyst reports. Vetr upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 target price for the company in a research note on Monday, October 16th. BTIG Research restated a “hold” rating and set a $22.00 price objective on shares of Nutanix in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Friday, September 8th. JMP Securities restated an “outperform” rating and set a $35.00 price objective on shares of Nutanix in a research note on Sunday, September 3rd. Finally, Morgan Stanley restated an “equal weight” rating and set a $22.00 price objective on shares of Nutanix in a research note on Sunday, October 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Nutanix presently has an average rating of “Buy” and an average price target of $34.71.

In other Nutanix news, EVP David Sangster sold 5,891 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $22.39, for a total value of $131,899.49. Following the transaction, the executive vice president now owns 89,000 shares of the company’s stock, valued at $1,992,710. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Sudheesh Nair Vadakkedath sold 25,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $21.82, for a total transaction of $545,500.00. Following the completion of the transaction, the president now directly owns 110,519 shares in the company, valued at approximately $2,411,524.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,791,869 shares of company stock worth $50,409,588. Corporate insiders own 19.81% of the company’s stock.

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Nutanix Profile

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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