Crossmark Global Holdings Inc. Lowers Position in Nutanix (NASDAQ:NTNX)

Crossmark Global Holdings Inc. lowered its stake in Nutanix (NASDAQ:NTNX - Free Report) by 17.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,352 shares of the technology company's stock after selling 6,228 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Nutanix were worth $2,119,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. LPL Financial LLC grew its position in Nutanix by 4.8% in the 4th quarter. LPL Financial LLC now owns 71,732 shares of the technology company's stock valued at $4,389,000 after purchasing an additional 3,276 shares during the period. HighTower Advisors LLC purchased a new position in shares of Nutanix in the 4th quarter worth about $234,000. Assenagon Asset Management S.A. boosted its holdings in shares of Nutanix by 69.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock worth $2,784,000 after buying an additional 16,374 shares during the last quarter. Amalgamated Bank raised its stake 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 acquiring an additional 674 shares during the period. Finally, Norges Bank bought a new stake in Nutanix in the 4th quarter valued at about $195,758,000. Institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $92.00 target price on shares of Nutanix in a research note on Thursday, May 29th. Morgan Stanley reissued an "overweight" rating and set a $90.00 price objective (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Piper Sandler reissued an "overweight" rating and set a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Finally, Raymond James Financial downgraded Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.71.

Insider Buying and Selling

In related news, Director Virginia Gambale sold 7,000 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $78.00, for a total value of $546,000.00. Following the completion of the transaction, the director directly owned 38,330 shares of the company's stock, valued at approximately $2,989,740. This trade represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $72.73, for a total transaction of $152,733.00. Following the completion of the transaction, the chief financial officer directly owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This trade represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,552,549 shares of company stock worth $426,621,281 over the last ninety days. 6.80% of the stock is owned by corporate insiders.

Nutanix Price Performance

Shares of Nutanix stock traded down $1.21 during trading on Friday, hitting $72.40. 2,055,078 shares of the company's stock traded hands, compared to its average volume of 2,511,006. Nutanix has a 1 year low of $43.35 and a 1 year high of $83.36. The stock has a market capitalization of $19.41 billion, a P/E ratio of 147.76, a PEG ratio of 6.69 and a beta of 0.67. The business has a 50-day simple moving average of $76.33 and a 200-day simple moving average of $70.42.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $638.98 million for the quarter, compared to analysts' expectations of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The business's revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. On average, equities analysts predict that Nutanix will post 0.31 earnings per share for the current fiscal year.

Nutanix 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.