Baader Bank Aktiengesellschaft Sells 10,856 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Baader Bank Aktiengesellschaft trimmed its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 37.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,944 shares of the technology company’s stock after selling 10,856 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Nutanix were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Nutanix in the first quarter worth $1,384,000. Cetera Investment Advisers boosted its holdings in Nutanix by 48.7% in the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock worth $4,697,000 after acquiring an additional 24,918 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Nutanix by 1.4% in the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after acquiring an additional 346,414 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Nutanix by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 103,926 shares of the technology company’s stock valued at $4,956,000 after acquiring an additional 943 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Nutanix by 387.1% in the first quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock valued at $162,229,000 after buying an additional 2,076,377 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Up 1.2 %

Nutanix stock traded up $0.63 during mid-day trading on Thursday, reaching $51.89. 1,440,320 shares of the company’s stock traded hands, compared to its average volume of 2,715,418. The company has a market cap of $12.80 billion, a price-to-earnings ratio of -732.29, a PEG ratio of 4.45 and a beta of 1.16. The stock has a 50 day moving average of $52.62 and a two-hundred day moving average of $58.97. Nutanix, Inc. has a 12-month low of $29.25 and a 12-month high of $73.69.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price 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. JPMorgan Chase & Co. boosted their price target on shares of Nutanix from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Needham & Company LLC boosted their price target on shares of Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Finally, Raymond James upped their price objective on shares of Nutanix from $72.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

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

Nutanix 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.