Vontobel Holding Ltd. Acquires Shares of 29,628 Nutanix (NASDAQ:NTNX)

Vontobel Holding Ltd. acquired a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,628 shares of the technology company's stock, valued at approximately $2,068,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Investments Inc. grew its stake in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after buying an additional 418 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after acquiring an additional 191 shares in the last quarter. Colonial Trust Co SC purchased a new stake in shares of Nutanix in the fourth quarter worth $28,000. Fifth Third Bancorp increased its holdings in shares of Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after acquiring an additional 250 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Nutanix in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

NTNX has been the subject of a number of analyst reports. Raymond James Financial lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Piper Sandler reissued an "overweight" rating and set a $88.00 price target (up previously 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 report on Monday, June 30th. Susquehanna increased their target price on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Finally, Morgan Stanley restated an "overweight" rating and issued a $90.00 price target (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.71.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was 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. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 61,057 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the sale, the chief executive officer owned 497,309 shares in the company, valued at approximately $39,287,411. This represents a 10.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,552,549 shares of company stock worth $426,621,281. Insiders own 6.80% of the company's stock.

Nutanix Price Performance

NASDAQ NTNX traded up $1.38 during trading on Friday, hitting $76.81. The company's stock had a trading volume of 1,289,764 shares, compared to its average volume of 2,529,308. Nutanix has a fifty-two week low of $43.35 and a fifty-two week high of $83.36. The company has a market cap of $20.59 billion, a PE ratio of 156.74, a P/E/G ratio of 7.09 and a beta of 0.67. The business's 50 day simple moving average is $75.79 and its 200-day simple moving average is $70.00.

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, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $638.98 million for the quarter, compared to the consensus estimate of $626.12 million. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. Nutanix's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. 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.