Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC trimmed its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 41.0% in the 3rd quarter, Holdings Channel reports. The firm owned 806 shares of the technology company’s stock after selling 560 shares during the period. Venturi Wealth Management LLC’s holdings in Nutanix were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in shares of Nutanix by 48.7% during the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock worth $4,697,000 after buying an additional 24,918 shares in the last quarter. Diversified Trust Co boosted its position in Nutanix by 46.7% during the second quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock worth $2,084,000 after acquiring an additional 11,668 shares during the last quarter. Vanguard Group Inc. boosted its position in Nutanix by 1.4% during 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 during the last quarter. Marshall Wace LLP grew its stake in Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after acquiring an additional 477,838 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC acquired a new stake in Nutanix in the 2nd quarter valued at about $2,274,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO David Sangster sold 11,950 shares of the company’s stock in a transaction 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 sale, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several recent research reports. Raymond James boosted their target price on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Needham & Company LLC restated a “buy” rating and issued a $80.00 target price on shares of Nutanix in a report on Thursday, August 29th. Bank of America lifted their price target on Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Morgan Stanley raised shares of Nutanix from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $71.00 to $72.00 in a report on Monday, October 28th. Finally, Barclays lifted their target price 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. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.86.

Nutanix Stock Performance

Nutanix stock opened at $69.53 on Friday. The company has a market capitalization of $18.44 billion, a PE ratio of -133.71, a price-to-earnings-growth ratio of 14.53 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $38.60 and a fifty-two week high of $73.69. The firm has a 50 day moving average price of $62.71 and a 200 day moving average price of $59.05.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $547.95 million during the quarter, compared to analysts’ expectations of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. As a group, equities research analysts forecast that Nutanix, Inc. will post 0.27 earnings per share for the current year.

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.