Landscape Capital Management L.L.C. Trims Stake in Nutanix, Inc. (NASDAQ:NTNX)

Landscape Capital Management L.L.C. cut its stake in Nutanix, Inc. (NASDAQ:NTNX) by 90.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,700 shares of the technology company’s stock after selling 100,786 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Nutanix were worth $634,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Nutanix in the 2nd quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new position in Nutanix during the third quarter valued at $27,000. Itau Unibanco Holding S.A. bought a new stake in shares of Nutanix during the 2nd quarter valued at $32,000. Advisors Asset Management Inc. boosted its holdings in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after buying an additional 321 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after buying an additional 243 shares during the period. 85.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Nutanix news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction dated 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 in the company, valued at $7,411,022.44. The trade was a 8.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the company’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 sale, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Stock Up 3.2 %

Shares of NASDAQ NTNX opened at $73.18 on Friday. The firm’s 50-day moving average price is $63.90 and its 200-day moving average price is $59.33. Nutanix, Inc. has a 52-week low of $40.33 and a 52-week high of $73.69. The company has a market cap of $19.41 billion, a PE ratio of -140.73, a PEG ratio of 11.74 and a beta of 1.17.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $547.95 million during the quarter, compared to the consensus estimate of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. As a group, equities research analysts anticipate that Nutanix, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on NTNX shares. JPMorgan Chase & Co. boosted their price objective 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. Needham & Company LLC restated a “buy” rating and issued a $80.00 price target on shares of Nutanix in a research note on Thursday, August 29th. Barclays lifted their price objective on Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Piper Sandler increased their target price on Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Finally, Northland Securities lifted their price target on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.86.

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.