Victory Capital Management Inc. Has $11.18 Million Stake in Nutanix, Inc. (NASDAQ:NTNX)

Victory Capital Management Inc. raised its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 68.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,621 shares of the technology company’s stock after purchasing an additional 79,862 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Nutanix worth $11,178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NTNX. Vanguard Group Inc. boosted its stake in shares of Nutanix by 1.4% in the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock valued at $1,548,378,000 after buying an additional 346,414 shares during the period. Generation Investment Management LLP raised its holdings in Nutanix by 1.8% in the 4th quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company’s stock valued at $823,014,000 after acquiring an additional 300,942 shares in the last quarter. FIL Ltd raised its holdings in Nutanix by 74.7% in the 4th quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock valued at $424,830,000 after acquiring an additional 3,809,981 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 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 valued at $269,024,000 after acquiring an additional 985,421 shares during the period. Finally, Jericho Capital Asset Management L.P. grew its holdings in shares of 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. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $59.06 on Friday. The company has a 50 day simple moving average of $53.68 and a 200 day simple moving average of $58.98. Nutanix, Inc. has a 1 year low of $33.30 and a 1 year high of $73.69. The firm has a market cap of $14.57 billion, a PE ratio of -843.59, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19.

Insider Buying and Selling at Nutanix

In related news, COO David Sangster sold 10,384 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares of the company’s stock, valued at $3,486,205.27. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Rukmini Sivaraman sold 12,566 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the transaction, the chief financial officer now owns 144,902 shares in the company, valued at approximately $7,711,684.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David Sangster sold 10,384 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares of the company’s stock, valued at $3,486,205.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,936 shares of company stock worth $2,531,273. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on NTNX shares. KeyCorp boosted their price target on Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th. Piper Sandler lifted their price objective on shares of Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Needham & Company LLC restated a “buy” rating and set a $80.00 price objective on shares of Nutanix in a research report on Thursday, August 29th. Finally, Raymond James raised their target price 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.