Handelsinvest Investeringsforvaltning Has $330,000 Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Handelsinvest Investeringsforvaltning lessened its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 34.2% in the 1st quarter, Holdings Channel reports. The firm owned 5,343 shares of the technology company’s stock after selling 2,774 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Nutanix were worth $330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Nutanix by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 103,926 shares of the technology company’s stock valued at $4,956,000 after purchasing an additional 943 shares during the last quarter. Tabor Asset Management LP acquired a new stake in shares of Nutanix in the 4th quarter valued at $4,046,000. Raymond James & Associates lifted its stake in shares of 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 purchasing an additional 55,596 shares during the last quarter. M&T Bank Corp lifted its position in Nutanix by 3.6% during the 4th quarter. M&T Bank Corp now owns 9,270 shares of the technology company’s stock worth $442,000 after acquiring an additional 325 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Nutanix by 7,970.6% during the 4th quarter. International Assets Investment Management LLC now owns 103,869 shares of the technology company’s stock worth $4,954,000 after acquiring an additional 102,582 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Activity at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total transaction of $668,762.52. Following the sale, the chief financial officer now directly owns 144,902 shares of the company’s stock, valued at $7,711,684.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total transaction of $668,762.52. Following the sale, the chief financial officer now directly owns 144,902 shares of the company’s stock, valued at $7,711,684.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO David Sangster sold 10,384 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the sale, the chief operating officer now directly owns 64,333 shares in the company, valued at $3,486,205.27. The disclosure for this sale can be found here. Insiders have sold a total of 99,965 shares of company stock valued at $5,965,961 over the last quarter. 0.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KeyCorp boosted their target price on shares of Nutanix from $69.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Morgan Stanley cut their target price on shares of Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. JPMorgan Chase & Co. boosted their target price on shares of Nutanix from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. Royal Bank of Canada boosted their target price on shares of Nutanix from $72.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. Finally, Northland Capmk lowered shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Nutanix Price Performance

NASDAQ NTNX opened at $58.63 on Thursday. The company’s 50-day simple moving average is $60.95 and its 200 day simple moving average is $58.59. Nutanix, Inc. has a twelve month low of $26.85 and a twelve month high of $73.69.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. The business had revenue of $524.58 million for the quarter, compared to analysts’ expectations of $516.13 million. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. On average, equities research analysts forecast that Nutanix, Inc. will post 0.09 EPS for the current year.

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.