Victory Capital Management Inc. Has $9.22 Million Stake in Nutanix, Inc. (NASDAQ:NTNX)

Victory Capital Management Inc. decreased its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 20.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 155,552 shares of the technology company’s stock after selling 41,069 shares during the period. Victory Capital Management Inc.’s holdings in Nutanix were worth $9,216,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NTNX. ProShare Advisors LLC raised its position in Nutanix by 13.9% during the 1st quarter. ProShare Advisors LLC now owns 7,235 shares of the technology company’s stock worth $447,000 after purchasing an additional 882 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Nutanix in the 1st quarter worth about $213,000. Seven Eight Capital LP bought a new position in shares of Nutanix in the 1st quarter worth about $213,000. Axxcess Wealth Management LLC raised its position in shares of Nutanix by 10.4% in the 1st quarter. Axxcess Wealth Management LLC now owns 13,776 shares of the technology company’s stock worth $850,000 after acquiring an additional 1,298 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Nutanix by 29.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock valued at $269,024,000 after buying an additional 985,421 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NTNX. Piper Sandler boosted their target price on Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price objective on shares of Nutanix in a research note on Thursday, August 29th. Barclays upped their price objective on Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Northland Securities upped their price objective on Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Finally, Bank of America boosted their target price on shares of Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.86.

Insider Buying and Selling

In related news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. The trade was a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Nutanix Stock Up 2.2 %

NASDAQ NTNX opened at $70.95 on Friday. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of -136.44, a PEG ratio of 13.01 and a beta of 1.17. Nutanix, Inc. has a 12-month low of $40.20 and a 12-month high of $73.69. The company has a 50-day simple moving average of $63.62 and a two-hundred day simple moving average of $59.31.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. The company had revenue of $547.95 million for the quarter, compared to analysts’ expectations of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. Equities analysts expect that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Nutanix 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.