Vanguard Personalized Indexing Management LLC Sells 709 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Vanguard Personalized Indexing Management LLC decreased its stake in Nutanix, Inc. (NASDAQ:NTNX) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,886 shares of the technology company’s stock after selling 709 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Nutanix were worth $283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Commerce Bank lifted its position in Nutanix by 2.4% in the 1st quarter. Commerce Bank now owns 17,747 shares of the technology company’s stock worth $461,000 after buying an additional 422 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Nutanix by 5.3% in the 4th quarter. MetLife Investment Management LLC now owns 9,506 shares of the technology company’s stock worth $248,000 after acquiring an additional 477 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Nutanix by 3.2% in the 4th quarter. Wells Fargo & Company MN now owns 18,307 shares of the technology company’s stock valued at $477,000 after purchasing an additional 560 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Nutanix by 0.6% during the 3rd quarter. Alliancebernstein L.P. now owns 93,267 shares of the technology company’s stock valued at $1,943,000 after purchasing an additional 585 shares during the last quarter. Finally, Vident Investment Advisory LLC raised its position in Nutanix by 5.7% in the 1st quarter. Vident Investment Advisory LLC now owns 11,627 shares of the technology company’s stock worth $312,000 after purchasing an additional 630 shares during the period. Hedge funds and other institutional investors own 78.74% of the company’s stock.

Nutanix Trading Up 0.9 %

Shares of NASDAQ NTNX opened at $31.10 on Friday. The firm has a fifty day simple moving average of $29.31 and a two-hundred day simple moving average of $27.55. The firm has a market capitalization of $7.33 billion, a PE ratio of -17.67 and a beta of 1.32. Nutanix, Inc. has a 12 month low of $17.26 and a 12 month high of $33.73.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their price objective on Nutanix from $33.00 to $38.00 in a report on Thursday, May 25th. KeyCorp lowered their price objective on Nutanix from $38.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, August 11th. Piper Sandler raised their target price on shares of Nutanix from $33.00 to $35.00 in a report on Thursday, May 25th. Northland Securities upped their price target on shares of Nutanix from $34.00 to $39.00 in a report on Thursday, May 25th. Finally, OTR Global lowered shares of Nutanix to a “positive” rating in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.50.

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.