ORG Partners LLC Sells 338 Shares of Nutanix, Inc. (NASDAQ:NTNX)

ORG Partners LLC reduced its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,589 shares of the technology company’s stock after selling 338 shares during the quarter. ORG Partners LLC’s holdings in Nutanix were worth $687,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NTNX. GAMMA Investing LLC raised its position in shares of Nutanix by 35.2% during the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after purchasing an additional 243 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Nutanix by 2.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 18,433 shares of the technology company’s stock valued at $1,138,000 after buying an additional 369 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Nutanix by 9.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the technology company’s stock valued at $256,000 after buying an additional 370 shares during the period. 180 Wealth Advisors LLC raised its holdings in shares of Nutanix by 3.6% during the second quarter. 180 Wealth Advisors LLC now owns 10,854 shares of the technology company’s stock worth $615,000 after acquiring an additional 374 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Nutanix by 5.8% during the second quarter. CIBC Asset Management Inc now owns 6,803 shares of the technology company’s stock worth $387,000 after acquiring an additional 374 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NTNX shares. Morgan Stanley increased their target price on Nutanix from $62.00 to $71.00 and gave the stock an “equal weight” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. boosted their target price on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Barclays raised their price target on shares of Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price target on shares of Nutanix in a research note on Thursday, August 29th. Finally, Royal Bank of Canada increased their price objective on shares of Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and an average price target of $73.31.

Nutanix Price Performance

Shares of Nutanix stock opened at $64.62 on Tuesday. Nutanix, Inc. has a 1 year low of $34.40 and a 1 year high of $73.69. The company has a market capitalization of $15.94 billion, a price-to-earnings ratio of -923.14, a P/E/G ratio of 12.80 and a beta of 1.18. The business has a fifty day simple moving average of $57.62 and a two-hundred day simple moving average of $58.51.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $547.95 million for the quarter, compared to analyst estimates 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 analysts anticipate that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the transaction, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at $11,309,145.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value 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 approximately $7,411,022.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.

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.