Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Nutanix, Inc. (NASDAQ:NTNX) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,522 shares of the technology company’s stock after selling 3,768 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nutanix were worth $2,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cookson Peirce & Co. Inc. bought a new stake in Nutanix during the fourth quarter valued at $9,978,000. Lecap Asset Management Ltd. bought a new stake in shares of Nutanix in the 4th quarter worth approximately $445,000. ORG Partners LLC boosted its position in Nutanix by 6.3% during the 4th quarter. ORG Partners LLC now owns 16,696 shares of the technology company’s stock valued at $796,000 after purchasing an additional 987 shares during the period. Cerity Partners LLC acquired a new position in Nutanix during the 4th quarter valued at approximately $236,000. Finally, Moody Aldrich Partners LLC acquired a new stake in Nutanix in the fourth quarter worth $239,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nutanix news, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $64.11, for a total value of $1,602,750.00. Following the transaction, the director now owns 3,962 shares of the company’s stock, valued at $254,003.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Tyler Wall sold 15,000 shares of the stock in a transaction 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 owns 13,168 shares in the company, valued at approximately $819,708. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,602,750.00. Following the completion of the transaction, the director now directly owns 3,962 shares in the company, valued at approximately $254,003.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,506 shares of company stock worth $8,270,938. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NTNX shares. Royal Bank of Canada boosted their price target on shares of Nutanix from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 12th. JMP Securities raised their target price on Nutanix from $50.00 to $70.00 and gave the company a “market outperform” rating in a research report on Monday, February 5th. Finally, Susquehanna boosted their price target on Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and an average target price of $65.17.

Nutanix Stock Up 2.0 %

Shares of NTNX stock opened at $61.07 on Wednesday. The stock has a 50-day simple moving average of $62.02 and a 200 day simple moving average of $51.13. Nutanix, Inc. has a fifty-two week low of $23.34 and a fifty-two week high of $66.99.

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

Nutanix Company 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.