Victory Capital Management Inc. cut its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 24.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,452 shares of the technology company's stock after selling 38,036 shares during the period. Victory Capital Management Inc.'s holdings in Nutanix were worth $8,130,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in NTNX. Colonial Trust Co SC bought a new stake in Nutanix in the 4th quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after purchasing an additional 191 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after purchasing an additional 250 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in Nutanix during the 4th quarter worth $70,000. Finally, True Wealth Design LLC boosted its holdings in shares of Nutanix by 13.2% in the fourth quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock valued at $76,000 after acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.
Insider Activity
In other Nutanix news, Director Groen Max Pieter De sold 5,480,467 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $76.81, for a total value of $420,954,670.27. Following the completion of the transaction, the director directly owned 5,480,468 shares of the company's stock, valued at approximately $420,954,747.08. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 2,100 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $72.73, for a total value of $152,733.00. Following the completion of the transaction, the chief financial officer directly owned 209,070 shares in the company, valued at $15,205,661.10. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,552,549 shares of company stock worth $426,621,281 in the last quarter. Insiders own 6.80% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently commented on NTNX. Susquehanna lifted their target price on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Thursday, May 29th. The Goldman Sachs Group initiated coverage on shares of Nutanix in a research report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price target on the stock. Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Piper Sandler reissued an "overweight" rating and issued a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Finally, Wall Street Zen cut Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $91.00.
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Nutanix Stock Performance
Nutanix stock traded up $0.86 during midday trading on Tuesday, hitting $75.14. 341,795 shares of the company's stock were exchanged, compared to its average volume of 2,499,271. The company has a market cap of $20.14 billion, a PE ratio of 152.43, a P/E/G ratio of 6.90 and a beta of 0.67. The firm has a 50-day moving average of $75.57 and a two-hundred day moving average of $71.40. Nutanix has a 12 month low of $43.35 and a 12 month high of $83.36.
Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 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 business 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 company posted $0.28 earnings per share. The business's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities analysts expect that Nutanix will post 0.31 earnings per share for the current year.
Nutanix Company Profile
(
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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