Natixis Advisors LLC Decreases Stake in Nutanix, Inc. (NASDAQ:NTNX)

Natixis Advisors LLC reduced its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 17.5% during the third quarter, HoldingsChannel reports. The firm owned 19,359 shares of the technology company’s stock after selling 4,094 shares during the period. Natixis Advisors LLC’s holdings in Nutanix were worth $1,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Driehaus Capital Management LLC lifted its stake in Nutanix by 123.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after acquiring an additional 794,215 shares during the period. Marshall Wace LLP lifted its position in Nutanix by 47.5% during the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after purchasing an additional 477,838 shares during the period. Deepwater Asset Management LLC purchased a new stake in Nutanix in the second quarter worth approximately $15,480,000. BW Gestao de Investimentos Ltda. bought a new stake in Nutanix in the 2nd quarter worth approximately $14,781,000. Finally, Renaissance Technologies LLC grew its position in Nutanix by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock worth $212,548,000 after purchasing an additional 256,156 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, 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 transaction of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. This represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NTNX shares. Oppenheimer initiated coverage on Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target on the stock. Morgan Stanley raised Nutanix from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $71.00 to $72.00 in a report on Monday, October 28th. Northland Securities boosted their price target on Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Piper Sandler increased their price objective on shares of Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.86.

Nutanix Price Performance

Shares of NTNX stock opened at $72.35 on Wednesday. Nutanix, Inc. has a one year low of $40.33 and a one year high of $75.80. The company’s fifty day moving average price is $64.45 and its 200-day moving average price is $59.35. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of -139.13, a PEG ratio of 12.11 and a beta of 1.17.

Nutanix (NASDAQ:NTNX) last posted 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 analysts’ expectations of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. Equities research analysts expect that Nutanix, Inc. will post 0.31 earnings per share for the current fiscal 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.