Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 12.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,204 shares of the technology company’s stock after selling 2,678 shares during the quarter. Raymond James & Associates’ holdings in Nutanix were worth $539,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NTNX. Norges Bank acquired a new stake in Nutanix in the fourth quarter valued at $62,421,000. Champlain Investment Partners LLC lifted its holdings in Nutanix by 39.5% in the first quarter. Champlain Investment Partners LLC now owns 7,560,281 shares of the technology company’s stock valued at $196,492,000 after acquiring an additional 2,141,125 shares during the period. Vanguard Group Inc. lifted its holdings in Nutanix by 5.0% in the first quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company’s stock valued at $626,094,000 after acquiring an additional 1,116,856 shares during the period. Wellington Management Group LLP lifted its holdings in Nutanix by 6,627.1% in the first quarter. Wellington Management Group LLP now owns 991,370 shares of the technology company’s stock valued at $26,589,000 after acquiring an additional 976,633 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in Nutanix by 279.7% in the fourth quarter. Point72 Asset Management L.P. now owns 1,277,300 shares of the technology company’s stock valued at $33,274,000 after acquiring an additional 940,900 shares during the period. Institutional investors and hedge funds own 78.74% of the company’s stock.

Nutanix Price Performance

NTNX opened at $37.97 on Wednesday. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of -33.02 and a beta of 1.24. The business has a 50-day moving average of $35.57 and a two-hundred day moving average of $30.73. Nutanix, Inc. has a 12 month low of $23.34 and a 12 month high of $39.63.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.13. The business had revenue of $494.21 million during the quarter, compared to analysts’ expectations of $475.64 million. Equities research analysts anticipate that Nutanix, Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Nutanix

In other Nutanix news, insider Tyler Wall sold 31,695 shares of Nutanix stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $33.88, for a total value of $1,073,826.60. Following the completion of the sale, the insider now owns 98,795 shares in the company, valued at approximately $3,347,174.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Tyler Wall sold 31,695 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $33.88, for a total transaction of $1,073,826.60. Following the completion of the sale, the insider now owns 98,795 shares in the company, valued at approximately $3,347,174.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 138,038 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $33.88, for a total value of $4,676,727.44. Following the sale, the chief executive officer now owns 528,499 shares of the company’s stock, valued at approximately $17,905,546.12. The disclosure for this sale can be found here. Insiders sold 478,982 shares of company stock worth $16,594,628 in the last 90 days. 0.43% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NTNX shares. TheStreet raised Nutanix from a “d-” rating to a “c” rating in a research note on Thursday, August 31st. Morgan Stanley lifted their price target on Nutanix from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 27th. Barclays lifted their price target on Nutanix from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, September 1st. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Finally, Royal Bank of Canada lifted their price target on Nutanix from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.64.

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.