Diversified Trust Co Sells 9,077 Shares of Nutanix $NTNX

Diversified Trust Co decreased its stake in shares of Nutanix (NASDAQ:NTNX) by 9.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,556 shares of the technology company’s stock after selling 9,077 shares during the period. Diversified Trust Co’s holdings in Nutanix were worth $5,883,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NTNX. Assenagon Asset Management S.A. raised its stake in Nutanix by 1,535.2% during the second quarter. Assenagon Asset Management S.A. now owns 3,262,231 shares of the technology company’s stock valued at $166,243,000 after buying an additional 3,062,730 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Nutanix by 628.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock worth $45,046,000 after acquiring an additional 1,022,516 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Nutanix by 308.1% in the 1st quarter. Pacer Advisors Inc. now owns 1,135,857 shares of the technology company’s stock worth $43,174,000 after acquiring an additional 857,559 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Nutanix by 374.9% in the 1st quarter. Hsbc Holdings PLC now owns 592,587 shares of the technology company’s stock worth $22,723,000 after acquiring an additional 467,808 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Nutanix by 26.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,589,508 shares of the technology company’s stock worth $60,416,000 after acquiring an additional 331,700 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

Shares of NTNX stock opened at $60.38 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.92. The business has a 50 day moving average of $68.21 and a two-hundred day moving average of $53.31. Nutanix has a 52 week low of $34.01 and a 52 week high of $75.98. The company has a market cap of $16.34 billion, a P/E ratio of 11.70, a PEG ratio of 3.02 and a beta of 0.72.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.49 by $0.11. The company had revenue of $757.08 million during the quarter, compared to analyst estimates of $738.27 million. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 earnings per share. As a group, analysts anticipate that Nutanix will post 1.17 EPS for the current year.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 324,955 shares of the company’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $73.57, for a total transaction of $23,906,939.35. Following the completion of the transaction, the chief executive officer directly owned 489,384 shares in the company, valued at $36,003,980.88. This represents a 39.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 232,712 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $74.55, for a total value of $17,348,679.60. Following the completion of the sale, the chief financial officer directly owned 92,775 shares in the company, valued at $6,916,376.25. This represents a 71.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 674,351 shares of company stock worth $49,736,524 in the last 90 days. 2.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NTNX. Wells Fargo & Company boosted their price target on Nutanix from $55.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, August 27th. Morgan Stanley raised their price objective on Nutanix from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. Guggenheim initiated coverage on shares of Nutanix in a report on Monday, October 26th. They issued a “buy” rating and a $100.00 price objective for the company. Needham & Company LLC began coverage on shares of Nutanix in a research note on Monday, September 28th. They set a “buy” rating and a $90.00 target price for the company. Finally, Barclays increased their target price on shares of Nutanix from $53.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $74.87.

Nutanix Profile

Nutanix, Inc. develops enterprise cloud software that helps organizations manage applications and data across on-premises data centers, public clouds and hybrid environments. Its platform brings together infrastructure, virtualization and cloud-management capabilities to simplify the operation of enterprise IT systems. The Nutanix Cloud Platform includes software for managing compute and storage resources, virtual machines and cloud environments. Its offerings include the AHV virtualization solution and Prism management software, as well as products for file and object storage and Kubernetes-based applications.