Morgan Stanley increased its position in shares of Nutanix Inc. (NASDAQ:NTNX) by 1,096.4% during the first quarter, Holdings Channel reports. The firm owned 249,427 shares of the technology company’s stock after buying an additional 228,579 shares during the period. Morgan Stanley’s holdings in Nutanix were worth $4,682,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NTNX. Stifel Financial Corp bought a new position in Nutanix during the first quarter worth about $546,000. Quantbot Technologies LP increased its position in Nutanix by 66.5% in the first quarter. Quantbot Technologies LP now owns 14,202 shares of the technology company’s stock worth $266,000 after buying an additional 5,673 shares during the period. Aberdeen Asset Management PLC UK bought a new position in Nutanix during the first quarter worth about $817,000. Hodges Capital Management Inc. increased its position in Nutanix by 112.9% in the first quarter. Hodges Capital Management Inc. now owns 1,024,790 shares of the technology company’s stock worth $19,235,000 after buying an additional 543,450 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Nutanix by 70.2% in the first quarter. Ameriprise Financial Inc. now owns 155,418 shares of the technology company’s stock worth $2,916,000 after buying an additional 64,102 shares during the period. Institutional investors and hedge funds own 19.16% of the company’s stock.

Nutanix Inc. (NASDAQ NTNX) traded up 0.87% during trading on Friday, hitting $20.88. 750,079 shares of the company’s stock traded hands. Nutanix Inc. has a 12 month low of $14.38 and a 12 month high of $46.78. The stock’s market cap is $3.16 billion. The company’s 50 day moving average is $21.10 and its 200-day moving average is $21.38.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.45) by $0.32. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The firm had revenue of $191.76 million for the quarter, compared to analysts’ expectations of $186.56 million. The company’s revenue for the quarter was up 67.2% compared to the same quarter last year. On average, analysts predict that Nutanix Inc. will post ($1.45) earnings per share for the current year.

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A number of equities analysts have issued reports on the company. Credit Suisse Group reiterated a “buy” rating and set a $38.00 price target on shares of Nutanix in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) upgraded Nutanix from a “buy” rating to a “conviction-buy” rating and set a $31.00 price target for the company in a research note on Friday, July 14th. BTIG Research reiterated a “neutral” rating on shares of Nutanix in a research note on Monday, July 3rd. Pacific Crest reiterated an “overweight” rating and set a $30.00 price target on shares of Nutanix in a research note on Monday, July 3rd. Finally, Stifel Nicolaus reiterated a “neutral – hold” rating on shares of Nutanix in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.01.

In other news, EVP David Sangster sold 27,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $21.28, for a total transaction of $574,560.00. Following the sale, the executive vice president now owns 116,250 shares in the company, valued at $2,473,800. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Sunil Potti sold 55,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $17.33, for a total transaction of $953,150.00. Following the sale, the insider now owns 144,165 shares in the company, valued at approximately $2,498,379.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,563,737 shares of company stock worth $71,765,588.

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.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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