Hsbc Holdings PLC Sells 4,959 Shares of Nutanix $NTNX

Key Points

• Hsbc Holdings PLC reduced its stake in Nutanix by 3.3%, selling 4,959 shares and holding approximately 0.05% of the company, valued at nearly $10 million.
• In the 1st quarter, several large investors made significant changes, with Fifth Third Bancorp increasing its holdings by 98.4% to a total of 504 shares.
• Nutanix's stock received mixed analyst ratings, with a consensus of "Moderate Buy" and a price target of $91.00, alongside changes from various analysts in recent months.

Hsbc Holdings PLC decreased its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 144,781 shares of the technology company's stock after selling 4,959 shares during the quarter. Hsbc Holdings PLC owned approximately 0.05% of Nutanix worth $9,996,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GW&K Investment Management LLC acquired a new stake in Nutanix in the 1st quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after purchasing an additional 191 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of Nutanix during the fourth quarter valued at approximately $28,000. SouthState Corp acquired a new stake in shares of Nutanix in the first quarter valued at approximately $32,000. Finally, Fifth Third Bancorp lifted its holdings in Nutanix by 98.4% during the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after buying an additional 250 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

NTNX has been the topic of a number of recent research reports. Piper Sandler reiterated an "overweight" rating and issued a $88.00 price objective (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. KeyCorp assumed coverage on Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price target on the stock. Raymond James Financial lowered Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. Finally, Citigroup raised shares of Nutanix to a "positive" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

Insider Activity

In related news, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix stock in a transaction that occurred on 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 transaction, the director owned 5,480,468 shares of the company's stock, valued at $420,954,747.08. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Virginia Gambale sold 7,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $78.00, for a total transaction of $546,000.00. Following the transaction, the director owned 38,330 shares of the company's stock, valued at approximately $2,989,740. This represents a 15.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,491,492 shares of company stock valued at $421,797,778. Insiders own 6.80% of the company's stock.

Nutanix Stock Up 1.3%

Shares of Nutanix stock opened at $68.79 on Monday. The business has a fifty day simple moving average of $73.35 and a 200 day simple moving average of $72.01. The stock has a market cap of $18.44 billion, a PE ratio of 140.39, a price-to-earnings-growth ratio of 4.54 and a beta of 0.71. Nutanix has a 12 month low of $52.18 and a 12 month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share 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 firm had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company's quarterly revenue was up 21.8% on a year-over-year basis. Analysts expect 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.

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