Swiss National Bank Decreases Position in Nutanix, Inc. (NASDAQ:NTNX)

Swiss National Bank decreased its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 7.4% in the fourth quarter, Holdings Channel reports. The firm owned 479,700 shares of the technology company’s stock after selling 38,600 shares during the period. Swiss National Bank’s holdings in Nutanix were worth $22,877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Nutanix in the fourth quarter worth about $30,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Nutanix during the fourth quarter valued at about $40,000. Fifth Third Bancorp purchased a new position in shares of Nutanix in the 4th quarter valued at approximately $62,000. DekaBank Deutsche Girozentrale acquired a new stake in Nutanix in the 3rd quarter worth approximately $107,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in Nutanix during the 3rd quarter worth approximately $143,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Nutanix news, insider Tyler Wall sold 15,000 shares of the business’s 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 in the company, valued at approximately $819,708. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 transaction of $1,602,750.00. Following the completion of the sale, the director now owns 3,962 shares of the company’s stock, valued at approximately $254,003.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Tyler Wall sold 15,000 shares of the firm’s 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 transaction, the insider now directly owns 13,168 shares in the company, valued at $819,708. 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. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NTNX. Raymond James upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a research note on Wednesday. Piper Sandler boosted their price target on Nutanix from $67.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Royal Bank of Canada lifted their target price on Nutanix from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Bank of America increased their price target on shares of Nutanix from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Barclays lifted their price objective on shares of Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and an average price target of $65.69.

Nutanix Stock Up 1.4 %

NASDAQ:NTNX opened at $66.21 on Thursday. The stock has a market capitalization of $16.18 billion, a PE ratio of -183.92 and a beta of 1.27. Nutanix, Inc. has a 52 week low of $24.08 and a 52 week high of $67.19. The stock’s 50-day moving average price is $63.04 and its 200-day moving average price is $52.96.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The business had revenue of $565.23 million during the quarter, compared to analyst estimates of $551.82 million. Sell-side analysts expect that Nutanix, Inc. will post -0.04 earnings per share 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.