Thompson Davis & CO. Inc. Acquires New Stake in Nutanix, Inc. (NASDAQ:NTNX)

Thompson Davis & CO. Inc. acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,100 shares of the technology company’s stock, valued at approximately $291,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in Nutanix during the 4th quarter valued at $30,000. BluePath Capital Management LLC purchased a new stake in Nutanix during the 3rd quarter valued at $31,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Nutanix in the 4th quarter worth $40,000. Fifth Third Bancorp purchased a new position in Nutanix during the fourth quarter valued at $62,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Nutanix in the third quarter valued at about $107,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Price Performance

Shares of NTNX traded down $1.57 during mid-day trading on Tuesday, reaching $60.70. 1,754,604 shares of the company’s stock traded hands, compared to its average volume of 2,682,296. The stock has a market cap of $14.83 billion, a P/E ratio of -168.61 and a beta of 1.29. The stock’s 50-day moving average is $62.35 and its two-hundred day moving average is $51.96. Nutanix, Inc. has a 12 month low of $23.80 and a 12 month high of $66.99.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The business had revenue of $565.23 million for the quarter, compared to the consensus estimate of $551.82 million. Research analysts predict that Nutanix, Inc. will post -0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NTNX shares. William Blair upgraded Nutanix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. Royal Bank of Canada boosted their price objective on Nutanix from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. KeyCorp boosted their price objective on Nutanix from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Morgan Stanley boosted their target price on Nutanix from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Finally, StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 12th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.17.

Insider Activity

In related news, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares of the company’s stock, valued at $9,368,008.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares of the company’s stock, valued at $9,368,008.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Tyler Wall sold 15,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $62.25, for a total value of $933,750.00. Following the completion of the transaction, the insider now directly owns 13,168 shares in the company, valued at approximately $819,708. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,506 shares of company stock valued at $8,270,938. 0.46% of the stock is currently owned by insiders.

Nutanix 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.