Diversified Trust Co Grows Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Diversified Trust Co boosted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 46.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,666 shares of the technology company’s stock after buying an additional 11,668 shares during the quarter. Diversified Trust Co’s holdings in Nutanix were worth $2,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. FIL Ltd lifted its stake in Nutanix by 74.7% in the fourth 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 during the last quarter. Norges Bank bought a new stake in Nutanix during the 4th quarter valued at about $137,465,000. Nordea Investment Management AB increased its position in shares of Nutanix by 387.1% during the first quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock worth $162,229,000 after acquiring an additional 2,076,377 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Nutanix by 29.2% in the first 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 purchasing an additional 985,421 shares during the period. Finally, Federated Hermes Inc. grew its stake in Nutanix by 61.4% in the fourth quarter. Federated Hermes Inc. now owns 1,295,112 shares of the technology company’s stock worth $61,764,000 after purchasing an additional 492,463 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling at Nutanix

In related news, COO David Sangster sold 10,384 shares of the business’s stock in a transaction dated 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 directly owns 64,333 shares in the company, valued at approximately $3,486,205.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Rajiv Ramaswami sold 23,986 shares of Nutanix stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $1,299,801.34. Following the completion of the transaction, the chief executive officer now owns 407,045 shares in the company, valued at $22,057,768.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David Sangster sold 10,384 shares of the company’s stock in a transaction that occurred 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 directly owns 64,333 shares in the company, valued at $3,486,205.27. The disclosure for this sale can be found here. Insiders have sold 46,936 shares of company stock worth $2,531,273 in the last ninety days. 0.46% of the stock is owned by insiders.

Nutanix Stock Up 0.1 %

Shares of Nutanix stock traded up $0.07 on Wednesday, reaching $50.90. The company’s stock had a trading volume of 77,545 shares, compared to its average volume of 2,714,102. The company has a market capitalization of $12.55 billion, a P/E ratio of -726.14, a PEG ratio of 4.45 and a beta of 1.16. The stock has a 50-day moving average price of $52.66 and a 200-day moving average price of $59.03. Nutanix, Inc. has a 52-week low of $29.25 and a 52-week high of $73.69.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.12. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. The business had revenue of $524.58 million for the quarter, compared to analysts’ expectations of $516.13 million. Sell-side analysts forecast that Nutanix, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of research analyst reports. Raymond James lifted their target price on Nutanix from $72.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Morgan Stanley lowered their price objective on shares of Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, June 21st. KeyCorp raised their target price on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Barclays dropped their price objective on shares of Nutanix from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Finally, Royal Bank of Canada boosted their price objective on shares of Nutanix from $72.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and an average price target of $72.00.

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.