Federated Hermes Inc. Purchases 492,463 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Federated Hermes Inc. lifted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 61.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,295,112 shares of the technology company's stock after purchasing an additional 492,463 shares during the quarter. Federated Hermes Inc. owned about 0.53% of Nutanix worth $61,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NTNX. BluePath Capital Management LLC bought a new position in Nutanix in the 3rd quarter worth approximately $31,000. BOK Financial Private Wealth Inc. bought a new position in Nutanix in the 3rd quarter worth approximately $42,000. Point72 Hong Kong Ltd bought a new position in Nutanix in the 1st quarter worth approximately $35,000. Fifth Third Bancorp bought a new position in Nutanix in the 4th quarter worth approximately $62,000. Finally, Coppell Advisory Solutions Corp. bought a new position in Nutanix during the 4th quarter valued at $47,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO David Sangster sold 12,545 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $63.04, for a total transaction of $790,836.80. Following the completion of the sale, the chief operating officer now directly owns 70,192 shares in the company, valued at $4,424,903.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Nutanix news, CEO Rajiv Ramaswami sold 23,932 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $63.05, for a total transaction of $1,508,912.60. Following the transaction, the chief executive officer now directly owns 373,024 shares in the company, valued at $23,519,163.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO David Sangster sold 12,545 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $63.04, for a total value of $790,836.80. Following the transaction, the chief operating officer now owns 70,192 shares in the company, valued at $4,424,903.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,506 shares of company stock worth $8,270,938. Corporate insiders own 0.46% of the company's stock.

Nutanix Stock Down 1.3 %

Shares of NTNX traded down $0.78 during mid-day trading on Friday, reaching $58.75. The company's stock had a trading volume of 2,628,847 shares, compared to its average volume of 2,185,967. The business has a fifty day moving average of $61.84 and a 200 day moving average of $50.67. The company has a market cap of $14.35 billion, a price-to-earnings ratio of -163.19 and a beta of 1.29. Nutanix, Inc. has a 1 year low of $23.34 and a 1 year high of $66.99.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $565.23 million for the quarter, compared to analysts' expectations of $551.82 million. On average, analysts predict that Nutanix, Inc. will post -0.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. William Blair raised Nutanix from a "market perform" rating to an "outperform" rating in a research note on Wednesday, January 17th. Bank of America increased their price target on Nutanix from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. Piper Sandler increased their price target on Nutanix from $67.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. StockNews.com lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 12th. Finally, Susquehanna raised their price objective on Nutanix from $60.00 to $75.00 and gave the stock a "positive" rating in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $65.17.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.