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Nutanix (NASDAQ:NTNX) Stock Holdings Lessened by Crossmark Global Holdings Inc.

Nutanix logo with Computer and Technology background

Crossmark Global Holdings Inc. lowered its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 17.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Investments Inc increased its position in Nutanix by 41.9% in the 4th quarter. Atria Investments Inc now owns 7,179 shares of the technology company's stock valued at $439,000 after acquiring an additional 2,121 shares during the period. Proficio Capital Partners LLC acquired a new position in Nutanix in the 4th quarter valued at about $6,052,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Nutanix in the 4th quarter valued at about $40,000. Larson Financial Group LLC boosted its holdings in Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after purchasing an additional 146 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Nutanix by 39.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 24,804 shares of the technology company's stock valued at $1,518,000 after purchasing an additional 6,964 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NTNX shares. KeyCorp started coverage on Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price target on the stock. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. Needham & Company LLC reiterated a "buy" rating and issued a $92.00 target price on shares of Nutanix in a report on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and issued a $88.00 target price (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $90.00 target price (up previously from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $90.71.

Check Out Our Latest Research Report on Nutanix

Nutanix Stock Down 1.2%

NTNX stock traded down $0.86 during midday trading on Friday, reaching $72.76. The company had a trading volume of 847,399 shares, compared to its average volume of 2,520,644. The stock has a 50 day moving average price of $76.34 and a 200 day moving average price of $70.32. Nutanix has a fifty-two week low of $43.35 and a fifty-two week high of $83.36. The firm has a market capitalization of $19.50 billion, a PE ratio of 156.22, a P/E/G ratio of 7.07 and a beta of 0.67.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results 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 negative return on equity of 21.32% and a net margin of 0.97%. The company had revenue of $638.98 million during the quarter, compared to the consensus estimate of $626.12 million. During the same period in the previous year, the firm posted $0.28 earnings per share. Nutanix's quarterly revenue was up 21.8% compared to the same quarter last year. Research analysts predict that Nutanix will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Nutanix news, Director Virginia Gambale sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total value of $546,000.00. Following the completion of the sale, the director directly owned 38,330 shares in the company, valued at $2,989,740. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 61,057 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the sale, the chief executive officer owned 497,309 shares of the company's stock, valued at $39,287,411. This trade represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,552,549 shares of company stock valued at $426,621,281. 6.80% of the stock is currently owned by insiders.

About Nutanix

(Free Report)

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.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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