Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 81.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,788 shares of the technology company’s stock after acquiring an additional 31,689 shares during the period. Hsbc Holdings PLC’s holdings in Nutanix were worth $4,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NTNX. Thurston Springer Miller Herd & Titak Inc. bought a new position in Nutanix during the 2nd quarter worth $25,000. Kapitalo Investimentos Ltda bought a new position in Nutanix during the 4th quarter worth $37,000. GAMMA Investing LLC grew its stake in Nutanix by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after buying an additional 243 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Nutanix during the 1st quarter worth $64,000. Finally, Versant Capital Management Inc grew its stake in Nutanix by 18,916.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,141 shares of the technology company’s stock worth $65,000 after buying an additional 1,135 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nutanix

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David Sangster sold 11,950 shares of the stock in a transaction 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 owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of recent research reports. Northland Securities upped their price objective on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Barclays increased their price target on Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Piper Sandler increased their price target on Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their price target on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Finally, Royal Bank of Canada increased their price target on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and an average price target of $73.31.

Nutanix Stock Down 0.7 %

Shares of Nutanix stock opened at $60.64 on Wednesday. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of -866.29, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19. The business has a fifty day simple moving average of $54.18 and a 200-day simple moving average of $58.73. Nutanix, Inc. has a fifty-two week low of $33.78 and a fifty-two week high of $73.69.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.88% and a negative net margin of 5.81%. The business had revenue of $547.95 million during the quarter, compared to analyst estimates of $537.12 million. Analysts anticipate that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal 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.