Nutanix, Inc. (NASDAQ:NTNX) Holdings Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 787,332 shares of the technology company’s stock after selling 144,992 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Nutanix were worth $37,548,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTNX. GAMMA Investing LLC acquired a new stake in shares of Nutanix during the 4th quarter valued at $30,000. BluePath Capital Management LLC purchased a new stake in Nutanix during the third quarter valued at about $31,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Nutanix in the fourth quarter worth about $40,000. Fifth Third Bancorp acquired a new stake in shares of Nutanix during the fourth quarter valued at approximately $62,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Nutanix in the 3rd quarter valued at approximately $107,000. 85.25% of the stock is currently owned by institutional investors.

Nutanix Trading Up 0.1 %

Nutanix stock traded up $0.05 on Friday, reaching $62.24. 1,640,382 shares of the stock were exchanged, compared to its average volume of 2,657,573. Nutanix, Inc. has a twelve month low of $23.88 and a twelve month high of $66.99. The firm has a fifty day moving average price of $62.56 and a two-hundred day moving average price of $52.09. The stock has a market cap of $15.21 billion, a PE ratio of -172.89 and a beta of 1.27.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The business had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. Equities analysts anticipate that Nutanix, Inc. will post -0.04 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the transaction, the chief financial officer now directly owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Nutanix news, CFO Rukmini Sivaraman sold 53,029 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Tyler Wall sold 15,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $62.25, for a total value of $933,750.00. Following the sale, the insider now directly owns 13,168 shares of the company’s stock, valued at $819,708. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,506 shares of company stock valued at $8,270,938. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on NTNX shares. JMP Securities raised their target price on Nutanix from $50.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Monday, February 5th. Royal Bank of Canada boosted their price objective on shares of Nutanix from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. William Blair upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. KeyCorp boosted their price target on shares of Nutanix from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, Barclays lifted their price objective on Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.17.

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.