Amalgamated Bank raised its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX – Get Rating) by 12.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 49,597 shares of the technology company's stock after purchasing an additional 5,554 shares during the period. Amalgamated Bank's holdings in Nutanix were worth $1,330,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in NTNX. IndexIQ Advisors LLC purchased a new position in shares of Nutanix in the 1st quarter worth approximately $33,000. Point72 Hong Kong Ltd purchased a new position in shares of Nutanix in the 1st quarter worth approximately $35,000. Loomis Sayles & Co. L P purchased a new position in shares of Nutanix in the 4th quarter worth approximately $59,000. Prospera Financial Services Inc purchased a new position in shares of Nutanix in the 1st quarter worth approximately $78,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Nutanix by 38.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,359 shares of the technology company's stock worth $107,000 after buying an additional 929 shares during the last quarter. Hedge funds and other institutional investors own 77.48% of the company's stock.
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Insider Activity at Nutanix
In related news, COO David Sangster sold 24,085 shares of the business's stock in a transaction on Friday, September 16th. The shares were sold at an average price of $22.93, for a total value of $552,269.05. Following the completion of the transaction, the chief operating officer now directly owns 199,763 shares in the company, valued at approximately $4,580,565.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Rajiv Ramaswami sold 65,376 shares of the business's stock in a transaction on Friday, September 16th. The shares were sold at an average price of $22.93, for a total value of $1,499,071.68. Following the completion of the sale, the chief executive officer now owns 272,576 shares of the company's stock, valued at approximately $6,250,167.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO David Sangster sold 24,085 shares of the business's stock in a transaction on Friday, September 16th. The stock was sold at an average price of $22.93, for a total transaction of $552,269.05. Following the completion of the sale, the chief operating officer now directly owns 199,763 shares of the company's stock, valued at approximately $4,580,565.59. The disclosure for this sale can be found here. Insiders sold a total of 112,852 shares of company stock worth $2,587,546 in the last three months. Company insiders own 0.92% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Nutanix from $19.00 to $22.00 and gave the stock an "overweight" rating in a research report on Monday, August 29th. Royal Bank of Canada lifted their price objective on shares of Nutanix from $21.00 to $24.00 and gave the stock an "outperform" rating in a research report on Thursday, September 1st. Susquehanna Bancshares lifted their target price on shares of Nutanix to $30.00 in a research note on Tuesday, September 6th. The Goldman Sachs Group lifted their target price on shares of Nutanix to $21.00 in a research note on Tuesday, September 6th. Finally, Morgan Stanley lifted their target price on shares of Nutanix from $18.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 1st. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.92.
Nutanix Trading Up 1.6 %
Shares of NASDAQ NTNX opened at $20.61 on Wednesday. Nutanix, Inc. has a 12 month low of $13.44 and a 12 month high of $39.86. The company has a 50 day simple moving average of $18.95 and a two-hundred day simple moving average of $20.12. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of -5.65 and a beta of 1.37.
Nutanix (NASDAQ:NTNX – Get Rating) last announced its quarterly earnings data on Wednesday, August 31st. The technology company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.21. The business had revenue of $385.50 million for the quarter, compared to analyst estimates of $356.14 million. During the same quarter in the previous year, the firm posted ($0.68) earnings per share. The business's revenue was down 1.3% on a year-over-year basis. Analysts forecast that Nutanix, Inc. will post -1.4 EPS for the current year.
About Nutanix
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Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution.
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