Handelsbanken Fonder AB Buys 6,500 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Handelsbanken Fonder AB lifted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 12.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,300 shares of the technology company’s stock after acquiring an additional 6,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Nutanix were worth $3,454,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Nutanix during the 2nd quarter valued at approximately $25,000. Itau Unibanco Holding S.A. bought a new position in shares of Nutanix during the 2nd quarter valued at approximately $32,000. Kapitalo Investimentos Ltda bought a new position in shares of Nutanix during the 4th quarter valued at approximately $37,000. GAMMA Investing LLC grew its stake in shares of Nutanix by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock valued at $53,000 after acquiring an additional 243 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of Nutanix during the 1st quarter valued at approximately $64,000. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Piper Sandler boosted their price objective on Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Morgan Stanley raised their target price on shares of Nutanix from $62.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. boosted their price target on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Barclays raised their price objective on Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Finally, Northland Securities boosted their target price on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.31.

Nutanix Stock Up 1.3 %

NASDAQ NTNX opened at $61.19 on Wednesday. Nutanix, Inc. has a 52 week low of $34.40 and a 52 week high of $73.69. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of -874.14, a PEG ratio of 12.23 and a beta of 1.18. The company has a fifty day moving average of $56.09 and a two-hundred day moving average of $58.49.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. The firm had revenue of $547.95 million during the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. Equities research analysts anticipate that Nutanix, Inc. will post 0.27 EPS for the current year.

Insider Activity

In related news, COO David Sangster sold 11,950 shares of the firm’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 transaction of $714,968.50. Following the completion of the sale, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 value of $714,968.50. Following the transaction, the chief operating officer now owns 123,868 shares of the company’s stock, valued at $7,411,022.44. This trade represents a 0.00 % decrease in their position. The transaction 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 business’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 completion of 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.

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.