Allspring Global Investments Holdings LLC Has $861,000 Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Allspring Global Investments Holdings LLC decreased its position in Nutanix, Inc. (NASDAQ:NTNX) by 68.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,064 shares of the technology company’s stock after selling 39,110 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Nutanix were worth $861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Nutanix by 7,970.6% in the 4th quarter. International Assets Investment Management LLC now owns 103,869 shares of the technology company’s stock valued at $4,954,000 after acquiring an additional 102,582 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Nutanix by 24.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the technology company’s stock valued at $291,000 after acquiring an additional 1,200 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Nutanix by 25.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 3,774 shares of the technology company’s stock valued at $181,000 after acquiring an additional 767 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Nutanix by 872.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 8,082 shares of the technology company’s stock worth $385,000 after buying an additional 7,251 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Nutanix by 1.4% during the 4th quarter. Arizona State Retirement System now owns 68,046 shares of the technology company’s stock worth $3,245,000 after buying an additional 918 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Activity at Nutanix

In related news, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were 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 in the company, valued at approximately $254,003.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Nutanix news, Director Steven J. Gomo sold 25,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the transaction, the director now owns 3,962 shares in the company, valued at approximately $254,003.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares in the company, valued at approximately $9,368,008.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,506 shares of company stock worth $8,270,938. Insiders own 0.46% of the company’s stock.

Nutanix Price Performance

Nutanix stock opened at $60.89 on Thursday. The firm has a market capitalization of $14.88 billion, a PE ratio of -169.14 and a beta of 1.29. The company’s 50-day moving average is $62.08 and its 200-day moving average is $51.20. Nutanix, Inc. has a fifty-two week low of $23.34 and a fifty-two week high of $66.99.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The company had revenue of $565.23 million during the quarter, compared to analyst estimates of $551.82 million. As a group, analysts expect that Nutanix, Inc. will post -0.04 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on NTNX shares. Morgan Stanley boosted their price target on shares of Nutanix from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Barclays boosted their price target on shares of Nutanix from $49.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Susquehanna boosted their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research report on Wednesday, April 10th. Bank of America boosted their price target on shares of Nutanix from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Piper Sandler boosted their price target on shares of Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.17.

About Nutanix

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.