Diversified Trust Co Sells 3,764 Shares of Nutanix (NASDAQ:NTNX)

Diversified Trust Co lowered its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 10.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 31,312 shares of the technology company's stock after selling 3,764 shares during the period. Diversified Trust Co's holdings in Nutanix were worth $2,186,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Nutanix by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock valued at $88,271,000 after purchasing an additional 33,980 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of 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. LPL Financial LLC boosted its stake in shares of Nutanix by 4.8% in the 4th quarter. LPL Financial LLC now owns 71,732 shares of the technology company's stock worth $4,389,000 after buying an additional 3,276 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Nutanix in the 4th quarter worth approximately $234,000. Finally, Assenagon Asset Management S.A. boosted its stake 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. Institutional investors and hedge funds own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NTNX. Piper Sandler restated an "overweight" rating and issued a $88.00 target price (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. KeyCorp began coverage on Nutanix in a research note on Thursday. They issued an "overweight" rating and a $95.00 target price on the stock. Susquehanna boosted their target price on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Thursday, May 29th. Raymond James Financial downgraded Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Finally, Wall Street Zen upgraded Nutanix from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 22nd. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Nutanix currently has an average rating of "Buy" and a consensus price target of $90.71.

Insider Buying and Selling at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 2,100 shares of the business'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 sale, the chief financial officer now owns 209,070 shares of the company's stock, valued at $15,205,661.10. The trade was a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rajiv Ramaswami sold 61,057 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the sale, the chief executive officer now directly owns 497,309 shares in the company, valued at $39,287,411. The trade was a 10.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,552,549 shares of company stock valued at $426,621,281 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Up 0.0%

Nutanix stock traded up $0.01 during trading on Friday, hitting $75.29. The stock had a trading volume of 2,936,168 shares, compared to its average volume of 2,533,176. Nutanix has a 1 year low of $43.35 and a 1 year high of $83.36. The stock's 50 day moving average is $74.47 and its two-hundred day moving average is $69.70. The stock has a market cap of $20.18 billion, a price-to-earnings ratio of 153.65, a price-to-earnings-growth ratio of 6.84 and a beta of 0.69.

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 the consensus estimate of $0.38 by $0.04. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The business had revenue of $638.98 million for the quarter, compared to the consensus estimate of $626.12 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Nutanix's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities research analysts anticipate that Nutanix will post 0.31 EPS 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.