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% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,788 shares of the technology company’s stock after buying an additional 31,689 shares during the quarter. Hsbc Holdings PLC’s holdings in Nutanix were worth $4,012,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FIL Ltd increased its position in Nutanix by 74.7% during the 4th quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock worth $424,830,000 after purchasing an additional 3,809,981 shares in the last quarter. Nordea Investment Management AB increased its position in Nutanix by 387.1% during the 1st quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock worth $162,229,000 after purchasing an additional 2,076,377 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Nutanix by 29.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock worth $269,024,000 after purchasing an additional 985,421 shares in the last quarter. Jericho Capital Asset Management L.P. increased its position in Nutanix by 13.1% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company’s stock worth $246,196,000 after purchasing an additional 462,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Nutanix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after purchasing an additional 346,414 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Buying and Selling

In related 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 transaction, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Nutanix news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on NTNX shares. Northland Capmk cut Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. lifted their price objective on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Bank of America lifted their price target on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Needham & Company LLC restated a “buy” rating and issued a $80.00 price target on shares of Nutanix in a report on Thursday, August 29th. Finally, Raymond James lifted their price target on Nutanix from $76.00 to $85.00 and gave the company an “outperform” 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 company. According to data from MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and a consensus price target of $73.31.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $60.64 on Wednesday. Nutanix, Inc. has a 1 year low of $33.78 and a 1 year high of $73.69. The stock has a market capitalization of $14.96 billion, a P/E ratio of -866.29, a PEG ratio of 12.07 and a beta of 1.19. The stock has a 50-day simple moving average of $54.18 and a 200-day simple moving average of $58.73.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results 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 analyst estimates of $537.12 million. Nutanix had a negative return on equity of 7.88% and a negative net margin of 5.81%. Analysts predict that Nutanix, Inc. will post 0.27 earnings per share for the current year.

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.