Janney Montgomery Scott LLC Has $2.04 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

Janney Montgomery Scott LLC cut its stake in Nutanix, Inc. (NASDAQ:NTNX) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,483 shares of the technology company’s stock after selling 2,030 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Nutanix were worth $2,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arcadia Investment Management Corp MI lifted its position in shares of Nutanix by 16.1% in the third quarter. Arcadia Investment Management Corp MI now owns 3,600 shares of the technology company’s stock worth $213,000 after buying an additional 500 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in Nutanix by 76.9% in the 3rd quarter. Stephens Investment Management Group LLC now owns 162,284 shares of the technology company’s stock worth $9,615,000 after purchasing an additional 70,523 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in Nutanix by 10.0% during the third quarter. First Trust Direct Indexing L.P. now owns 4,246 shares of the technology company’s stock worth $252,000 after purchasing an additional 385 shares during the period. Smith Group Asset Management LLC grew its holdings in Nutanix by 21.4% during the third quarter. Smith Group Asset Management LLC now owns 27,209 shares of the technology company’s stock valued at $1,612,000 after purchasing an additional 4,790 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its position in shares of Nutanix by 71.1% in the third quarter. Pallas Capital Advisors LLC now owns 13,048 shares of the technology company’s stock valued at $809,000 after purchasing an additional 5,424 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NTNX. Northland Securities upped their price target 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. Piper Sandler raised their target price on Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Raymond James upped their price target on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Bank of America raised their price objective on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $80.00 price target on shares of Nutanix in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.38.

Nutanix Stock Performance

Shares of NTNX stock opened at $72.24 on Wednesday. The company has a 50-day simple moving average of $62.16 and a two-hundred day simple moving average of $58.80. The company has a market capitalization of $19.16 billion, a price-to-earnings ratio of -138.19, a PEG ratio of 14.25 and a beta of 1.17. Nutanix, Inc. has a 52-week low of $38.43 and a 52-week high of $73.69.

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. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The firm had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. On average, sell-side analysts forecast that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other news, COO David Sangster sold 11,950 shares of the firm’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 approximately $7,411,022.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. The trade was 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.

About Nutanix

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.