Crossmark Global Holdings Inc. Sells 6,228 Shares of Nutanix (NASDAQ:NTNX)

Crossmark Global Holdings Inc. decreased its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,352 shares of the technology company's stock after selling 6,228 shares during the period. Crossmark Global Holdings Inc.'s holdings in Nutanix were worth $2,119,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in shares of Nutanix by 4.8% during the fourth quarter. LPL Financial LLC now owns 71,732 shares of the technology company's stock worth $4,389,000 after acquiring an additional 3,276 shares during the last quarter. HighTower Advisors LLC bought a new position in Nutanix in the 4th quarter valued at about $234,000. Assenagon Asset Management S.A. grew its position in Nutanix by 69.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock valued at $2,784,000 after buying an additional 16,374 shares in the last quarter. Amalgamated Bank grew its position in Nutanix by 4.9% in the 1st quarter. Amalgamated Bank now owns 14,420 shares of the technology company's stock valued at $1,007,000 after buying an additional 674 shares in the last quarter. Finally, Norges Bank bought a new position in Nutanix in the 4th quarter valued at about $195,758,000. Institutional investors own 85.25% of the company's stock.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the transaction, the chief financial officer owned 209,070 shares in the company, valued at $15,205,661.10. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the completion of the transaction, the chief executive officer owned 518,561 shares in the company, valued at $38,892,075. This represents a 0.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,552,549 shares of company stock valued at $426,621,281 over the last ninety days. Corporate insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NTNX. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 target price (up previously from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Raymond James Financial lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Piper Sandler reiterated an "overweight" rating and issued a $88.00 target price (up previously from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Needham & Company LLC reissued a "buy" rating and issued a $92.00 price target on shares of Nutanix in a report on Thursday, May 29th. Finally, Susquehanna upped their price target on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a report on Thursday, May 29th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Nutanix presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.71.

Nutanix Trading Down 3.8%

NTNX stock traded down $2.94 during mid-day trading on Thursday, reaching $73.61. 3,014,968 shares of the stock traded hands, compared to its average volume of 2,527,039. Nutanix has a 52-week low of $43.35 and a 52-week high of $83.36. The company has a market cap of $19.73 billion, a P/E ratio of 155.37, a P/E/G ratio of 6.97 and a beta of 0.67. The stock's fifty day moving average is $76.28 and its 200-day moving average is $70.26.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The company had revenue of $638.98 million during the quarter, compared to analyst estimates of $626.12 million. During the same period in the prior year, the firm earned $0.28 earnings per share. The business's quarterly revenue was up 21.8% on a year-over-year basis. Equities research analysts expect that Nutanix will post 0.31 earnings per share for the current year.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.