Diversified Trust Co Has $2.19 Million Stake in Nutanix (NASDAQ:NTNX)

Diversified Trust Co trimmed its stake in Nutanix (NASDAQ:NTNX - Free Report) by 10.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,312 shares of the technology company's stock after selling 3,764 shares during the quarter. Diversified Trust Co's holdings in Nutanix were worth $2,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Securities Inc. boosted its holdings in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after purchasing an additional 199 shares during the last quarter. Principal Financial Group Inc. lifted its position in Nutanix by 32.4% during the fourth quarter. Principal Financial Group Inc. now owns 23,154 shares of the technology company's stock worth $1,417,000 after buying an additional 5,664 shares during the period. Sanctuary Advisors LLC boosted its stake in Nutanix by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company's stock worth $593,000 after buying an additional 325 shares during the last quarter. Simmons Bank grew its holdings in Nutanix by 64.5% in the 4th quarter. Simmons Bank now owns 7,075 shares of the technology company's stock valued at $433,000 after buying an additional 2,775 shares during the period. Finally, Gulf International Bank UK Ltd acquired a new position in shares of Nutanix during the 4th quarter valued at about $949,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NTNX. KeyCorp started coverage on Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price objective on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $88.00 price target (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday. Susquehanna raised their target price on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Finally, Raymond James Financial cut shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $90.71.

Insider Transactions at Nutanix

In other news, Director Groen Max Pieter De sold 5,480,467 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the completion of the transaction, the director directly owned 5,480,468 shares in the company, valued at $420,954,747.08. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 61,057 shares of Nutanix stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the transaction, the chief executive officer directly owned 497,309 shares of the company's stock, valued at approximately $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 90 days, insiders sold 5,552,549 shares of company stock worth $426,621,281. Insiders own 6.80% of the company's stock.

Nutanix Trading Down 1.6%

NASDAQ NTNX traded down $1.20 on Tuesday, hitting $75.24. 1,778,701 shares of the company were exchanged, compared to its average volume of 2,534,517. The firm has a 50 day moving average of $74.83 and a two-hundred day moving average of $69.78. Nutanix has a 1-year low of $43.35 and a 1-year high of $83.36. The company has a market cap of $20.17 billion, a P/E ratio of 153.65, a P/E/G ratio of 6.79 and a beta of 0.68.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $638.98 million for the quarter, compared to analysts' expectations of $626.12 million. During the same quarter last year, the business earned $0.28 earnings per share. The company's revenue was up 21.8% compared to the same quarter last year. Research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal 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.