Artemis Investment Management LLP increased its position in Nutanix Inc. (NASDAQ:NTNX) by 158.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 716,291 shares of the technology company’s stock after buying an additional 438,981 shares during the period. Artemis Investment Management LLP owned approximately 0.47% of Nutanix worth $14,440,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its stake in Nutanix by 3,147.6% in the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after buying an additional 8,530 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Nutanix during the second quarter worth $186,000. First American Bank acquired a new stake in Nutanix during the second quarter worth $205,000. Oppenheimer & Co. Inc. acquired a new stake in Nutanix during the first quarter worth $211,000. Finally, Blair William & Co. IL acquired a new stake in Nutanix during the first quarter worth $342,000. Institutional investors and hedge funds own 32.20% of the company’s stock.

Shares of Nutanix Inc. (NASDAQ NTNX) opened at 22.00 on Friday. Nutanix Inc. has a 1-year low of $14.38 and a 1-year high of $46.78. The stock has a 50 day moving average of $22.13 and a 200-day moving average of $20.37. The company’s market capitalization is $3.33 billion.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, August 31st. The technology company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by $0.20. Nutanix had a negative return on equity of 248.46% and a negative net margin of 59.72%. The firm had revenue of $226.10 million during the quarter, compared to the consensus estimate of $218.03 million. The business’s revenue for the quarter was up 61.7% compared to the same quarter last year. Analysts forecast that Nutanix Inc. will post ($1.31) earnings per share for the current year.

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A number of equities research analysts have weighed in on the stock. KeyCorp reissued a “buy” rating and set a $32.00 target price on shares of Nutanix in a report on Friday. Morgan Stanley boosted their target price on shares of Nutanix from $19.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday. Maxim Group reissued a “buy” rating and set a $41.00 target price on shares of Nutanix in a report on Friday. Robert W. Baird reissued a “buy” rating and set a $28.00 target price on shares of Nutanix in a report on Friday. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $28.00 target price (up from $27.00) on shares of Nutanix in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Nutanix presently has a consensus rating of “Buy” and a consensus target price of $31.31.

In other news, SVP Rajiv Mirani sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $17.16, for a total value of $343,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David Sangster sold 5,890 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $18.06, for a total transaction of $106,373.40. Following the completion of the transaction, the executive vice president now owns 114,500 shares in the company, valued at approximately $2,067,870. The disclosure for this sale can be found here. Insiders sold 3,321,382 shares of company stock worth $67,235,952 in the last 90 days.

Nutanix Company 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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