Natixis Advisors LLC Sells 4,094 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Natixis Advisors LLC trimmed its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 17.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 19,359 shares of the technology company’s stock after selling 4,094 shares during the quarter. Natixis Advisors LLC’s holdings in Nutanix were worth $1,147,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. CIBC Asset Management Inc raised its position in Nutanix by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after purchasing an additional 233 shares during the period. ING Groep NV purchased a new position in shares of Nutanix in the third quarter worth about $1,108,000. Aigen Investment Management LP bought a new stake in shares of Nutanix in the 3rd quarter valued at about $590,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Nutanix by 75.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,600 shares of the technology company’s stock valued at $510,000 after acquiring an additional 3,700 shares during the period. Finally, GSA Capital Partners LLP bought a new position in Nutanix during the 3rd quarter worth approximately $1,001,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

NTNX has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price objective on shares of Nutanix in a research report on Thursday, August 29th. Morgan Stanley upgraded shares of Nutanix from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $71.00 to $72.00 in a report on Monday, October 28th. Barclays raised their price target on shares of Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Bank of America upped their price objective on shares of Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Northland Securities raised their target price on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and a consensus target price of $73.86.

Nutanix Trading Down 0.6 %

Shares of NTNX stock opened at $72.35 on Wednesday. The company’s fifty day moving average price is $64.45 and its 200-day moving average price is $59.35. The stock has a market cap of $19.19 billion, a PE ratio of -139.13, a price-to-earnings-growth ratio of 12.11 and a beta of 1.17. Nutanix, Inc. has a 12 month low of $40.33 and a 12 month high of $75.80.

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. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. The business had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. On average, sell-side analysts forecast that Nutanix, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the 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 sale, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This represents a 11.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction dated 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 owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

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.