Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 20.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 155,552 shares of the technology company’s stock after selling 41,069 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Nutanix worth $9,216,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Nutanix in the 2nd quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new stake in Nutanix in the 3rd quarter valued at about $27,000. Itau Unibanco Holding S.A. purchased a new stake in Nutanix in the 2nd quarter valued at about $32,000. GAMMA Investing LLC grew its holdings in Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock valued at $53,000 after buying an additional 243 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Nutanix by 57.8% during the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock worth $57,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insiders Place Their Bets

In other news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Nutanix Trading Up 2.2 %

Shares of NASDAQ:NTNX opened at $70.95 on Friday. Nutanix, Inc. has a 1-year low of $40.20 and a 1-year high of $73.69. The firm has a market capitalization of $18.82 billion, a PE ratio of -136.44, a PEG ratio of 13.01 and a beta of 1.17. The business’s 50 day moving average is $63.62 and its 200-day moving average is $59.31.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The company 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 7.57% and a negative net margin of 5.81%. On average, sell-side analysts predict that Nutanix, Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NTNX. JPMorgan Chase & Co. boosted their target price on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Northland Securities upped their target price on Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, August 30th. Royal Bank of Canada raised their price objective on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of Nutanix in a research report on Thursday, August 29th. Finally, Morgan Stanley raised Nutanix from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $71.00 to $72.00 in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.86.

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.