DekaBank Deutsche Girozentrale Acquires 924 Shares of Nutanix, Inc. (NASDAQ:NTNX)

DekaBank Deutsche Girozentrale grew its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 24.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,698 shares of the technology company’s stock after acquiring an additional 924 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Nutanix were worth $265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Nutanix during the 2nd quarter worth approximately $25,000. Kapitalo Investimentos Ltda bought a new stake in shares of Nutanix during the fourth quarter worth $37,000. GAMMA Investing LLC increased its holdings in shares of Nutanix by 35.2% during the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after buying an additional 243 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Nutanix in the 1st quarter valued at $64,000. Finally, Versant Capital Management Inc lifted its stake in shares of Nutanix by 18,916.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,141 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,135 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Up 3.1 %

Shares of NTNX stock opened at $60.82 on Friday. Nutanix, Inc. has a 52 week low of $33.52 and a 52 week high of $73.69. The firm has a 50 day moving average of $53.78 and a 200-day moving average of $58.86. The company has a market cap of $15.00 billion, a price-to-earnings ratio of -868.86, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the transaction, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO David Sangster sold 11,950 shares of the stock in a transaction on Monday, September 16th. The stock was 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 in the company, valued at $7,411,022.44. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NTNX shares. Morgan Stanley upped their target price on Nutanix from $62.00 to $71.00 and gave the stock an “equal weight” rating in a report on Thursday, August 29th. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price on shares of Nutanix in a research report on Thursday, August 29th. Piper Sandler upped their price target on shares of Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.31.

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.