Swiss National Bank Sells 38,600 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Swiss National Bank decreased its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 479,700 shares of the technology company's stock after selling 38,600 shares during the period. Swiss National Bank owned about 0.20% of Nutanix worth $22,877,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NTNX. Segantii Capital Management Ltd bought a new stake in Nutanix in the third quarter valued at about $2,672,000. Lisanti Capital Growth LLC acquired a new position in shares of Nutanix in the 3rd quarter worth approximately $7,135,000. Allspring Global Investments Holdings LLC lifted its position in shares of Nutanix by 641.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 57,174 shares of the technology company's stock worth $1,994,000 after buying an additional 49,465 shares during the period. Raymond James & Associates boosted its stake in Nutanix by 306.0% in the 4th quarter. Raymond James & Associates now owns 73,765 shares of the technology company's stock valued at $3,518,000 after buying an additional 55,596 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Nutanix by 1,038.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 102,983 shares of the technology company's stock valued at $3,592,000 after acquiring an additional 93,934 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Stock Performance

NASDAQ:NTNX traded up $1.37 on Thursday, hitting $67.58. 2,055,505 shares of the stock were exchanged, compared to its average volume of 2,619,416. Nutanix, Inc. has a 52 week low of $24.08 and a 52 week high of $67.87. The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of -187.72 and a beta of 1.27. The company's 50-day moving average price is $63.13 and its 200 day moving average price is $53.06.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The business had revenue of $565.23 million for the quarter, compared to the consensus estimate of $551.82 million. As a group, equities research analysts predict that Nutanix, Inc. will post -0.04 earnings per share for the current year.

Insider Activity

In related news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the sale, the chief financial officer now directly owns 144,635 shares of the company's stock, valued at $9,368,008.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares of the company's stock, valued at approximately $9,368,008.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven J. Gomo sold 25,000 shares of the company's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the sale, the director now directly owns 3,962 shares of the company's stock, valued at approximately $254,003.82. The disclosure for this sale can be found here. Insiders have sold a total of 129,506 shares of company stock valued at $8,270,938 in the last 90 days. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on NTNX. Raymond James upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and set a $72.00 target price on the stock in a research note on Wednesday. William Blair upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. boosted their target price on Nutanix from $54.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, February 26th. Susquehanna raised their price target on Nutanix from $60.00 to $75.00 and gave the company a "positive" rating in a report on Wednesday, April 10th. Finally, StockNews.com downgraded Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, Nutanix presently has an average rating of "Moderate Buy" and an average price target of $65.69.

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.