Vontobel Holding Ltd. Takes Position in Nutanix (NASDAQ:NTNX)

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

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in Nutanix by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock valued at $88,271,000 after buying an additional 33,980 shares during the period. LPL Financial LLC lifted its holdings in Nutanix by 4.8% in the fourth quarter. LPL Financial LLC now owns 71,732 shares of the technology company's stock valued at $4,389,000 after buying an additional 3,276 shares during the period. HighTower Advisors LLC acquired a new position in Nutanix in the fourth quarter valued at approximately $234,000. Assenagon Asset Management S.A. lifted its holdings in Nutanix by 69.7% in the first quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock valued at $2,784,000 after buying an additional 16,374 shares during the period. Finally, Norges Bank acquired a new position in Nutanix in the fourth quarter valued at approximately $195,758,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Down 1.1%

Shares of NASDAQ:NTNX traded down $0.86 during midday trading on Tuesday, reaching $76.13. 1,717,907 shares of the company were exchanged, compared to its average volume of 2,527,048. Nutanix has a fifty-two week low of $43.35 and a fifty-two week high of $83.36. The stock has a fifty day simple moving average of $76.12 and a two-hundred day simple moving average of $70.21. The firm has a market cap of $20.41 billion, a PE ratio of 157.12, a P/E/G ratio of 7.11 and a beta of 0.67.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued 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 net margin of 0.97% and a negative return on equity of 21.32%. The business had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. During the same period last year, the business posted $0.28 earnings per share. The firm's quarterly revenue was up 21.8% on a year-over-year basis. As a group, analysts forecast that Nutanix will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the sale, the director directly owned 5,480,468 shares in the company, valued at approximately $420,954,747.08. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix 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 completion of the sale, the chief financial officer owned 209,070 shares in the company, valued at $15,205,661.10. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,552,549 shares of company stock valued at $426,621,281 over the last quarter. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NTNX. KeyCorp began coverage on shares of Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price objective on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 target price (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Susquehanna increased their target price on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and issued a $88.00 target price (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Finally, Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $90.71.

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.