DekaBank Deutsche Girozentrale Raises Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

DekaBank Deutsche Girozentrale lifted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,774 shares of the technology company’s stock after purchasing an additional 767 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Nutanix were worth $181,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BluePath Capital Management LLC bought a new position in Nutanix in the third quarter worth about $31,000. BOK Financial Private Wealth Inc. bought a new position in shares of Nutanix in the 3rd quarter worth approximately $42,000. International Assets Investment Management LLC purchased a new position in shares of Nutanix in the 3rd quarter valued at approximately $46,000. Point72 Hong Kong Ltd purchased a new position in shares of Nutanix in the 1st quarter valued at approximately $35,000. Finally, Fifth Third Bancorp bought a new stake in shares of Nutanix during the fourth quarter valued at approximately $62,000. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTNX has been the subject of several recent research reports. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 12th. Needham & Company LLC lifted their price target on shares of Nutanix from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Susquehanna upped their price objective on shares of Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a report on Wednesday, April 10th. Royal Bank of Canada lifted their target price on shares of Nutanix from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. boosted their price target on Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.17.

Insider Activity

In other Nutanix news, insider Tyler Wall sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total transaction of $933,750.00. Following the completion of the sale, the insider now directly owns 13,168 shares of the company’s stock, valued at $819,708. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Steven J. Gomo sold 25,000 shares of Nutanix stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the transaction, the director now directly owns 3,962 shares of the company’s stock, valued at approximately $254,003.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $933,750.00. Following the completion of the sale, the insider now directly owns 13,168 shares of the company’s stock, valued at $819,708. The disclosure for this sale can be found here. Insiders sold 129,506 shares of company stock valued at $8,270,938 in the last quarter. 0.46% of the stock is currently owned by insiders.

Nutanix Trading Up 2.2 %

Nutanix stock opened at $62.41 on Wednesday. Nutanix, Inc. has a 12 month low of $23.34 and a 12 month high of $66.99. The firm has a market cap of $15.25 billion, a price-to-earnings ratio of -173.36 and a beta of 1.29. The stock has a fifty day simple moving average of $61.75 and a two-hundred day simple moving average of $50.25.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $565.23 million during the quarter, compared to analysts’ expectations of $551.82 million. On average, equities research analysts forecast that Nutanix, Inc. will post -0.05 EPS for the current fiscal year.

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.