DekaBank Deutsche Girozentrale Sells 423 Shares of Nutanix, Inc. (NASDAQ:NTNX)

DekaBank Deutsche Girozentrale cut its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 9.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,275 shares of the technology company’s stock after selling 423 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Nutanix were worth $251,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NTNX. Wealth Enhancement Advisory Services LLC increased its stake in Nutanix by 310.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,928 shares of the technology company’s stock valued at $1,240,000 after purchasing an additional 15,829 shares in the last quarter. Values First Advisors Inc. increased its position in shares of Nutanix by 22.5% during the third quarter. Values First Advisors Inc. now owns 8,466 shares of the technology company’s stock valued at $502,000 after acquiring an additional 1,557 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Nutanix by 5,859.5% in the 3rd quarter. International Assets Investment Management LLC now owns 81,884 shares of the technology company’s stock worth $4,852,000 after acquiring an additional 80,510 shares during the last quarter. Lecap Asset Management Ltd. lifted its position in Nutanix by 374.8% in the 3rd quarter. Lecap Asset Management Ltd. now owns 53,605 shares of the technology company’s stock valued at $3,176,000 after acquiring an additional 42,315 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Nutanix by 57.8% during the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock valued at $57,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of Nutanix stock opened at $62.55 on Monday. The stock’s fifty day moving average is $60.98 and its 200 day moving average is $58.48. Nutanix, Inc. has a one year low of $36.73 and a one year high of $73.69. The stock has a market cap of $16.59 billion, a P/E ratio of -120.29, a P/E/G ratio of 12.59 and a beta of 1.17.

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

Insider Buying and Selling at Nutanix

In other news, 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 sale, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the company’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 value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO David Sangster sold 11,950 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NTNX. Morgan Stanley upgraded Nutanix from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $71.00 to $72.00 in a research note on Monday, October 28th. Needham & Company LLC reissued a “buy” rating and issued a $80.00 target price on shares of Nutanix in a research report on Thursday, August 29th. Royal Bank of Canada raised their price target on shares of Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Northland Securities boosted their price objective on shares of Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and an average price target of $73.38.

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.