Nutanix (NTNX) Jumps as Firm Joins S&P Club

We recently published 10 Stocks With Eye-Popping Gains; 7 Soar to Fresh Highs. Nutanix Inc. is one of the top performers on Monday.

Shares of Nutanix grew by 7.24 percent on Monday to close at $74.98 apiece as investors cheered its official inclusion in an S&P index effective by the end of the month.

Late on Friday, the S&P Dow Jones Indices announced that Nutanix Inc.—an enterprise cloud computing company—is set to become a component of the S&P MidCap 400 index beginning September 22, replacing Acadia Healthcare Company. The change forms part of a regular quarterly rebalancing.

Nutanix (NTNX) Jumps as Firm Joins S&P Club

Joining the S&P MidCap 400 is a huge boost to Nutanix Inc. as it gets further exposure to institutional investors and hedge funds tracking the S&P MidCap 400, while they unload positions in Acadia Healthcare.

In other news, Nutanix Inc. participated in the Goldman Sachs Communacopia + Technology Conference on Monday.

In the second quarter of the year, Nutanix Inc. swung to a net loss of $126 million from a $38.65 million net income in the same period last year. Total revenues dropped by 16 percent to $547.9 million from $653.27 million year-on-year.

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This article is originally published at Insider Monkey.