Allspring Global Investments Holdings LLC lessened its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX – Get Rating) by 93.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,642 shares of the technology company's stock after selling 56,536 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Nutanix were worth $75,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Nutanix during the first quarter worth about $35,000. US Bancorp DE raised its holdings in Nutanix by 41.8% in the second quarter. US Bancorp DE now owns 2,716 shares of the technology company's stock valued at $40,000 after acquiring an additional 801 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Nutanix in the second quarter valued at approximately $51,000. Loomis Sayles & Co. L P raised its holdings in Nutanix by 33.4% in the second quarter. Loomis Sayles & Co. L P now owns 3,732 shares of the technology company's stock valued at $55,000 after acquiring an additional 935 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Nutanix by 1,002.3% in the second quarter. Captrust Financial Advisors now owns 6,151 shares of the technology company's stock valued at $90,000 after acquiring an additional 5,593 shares in the last quarter. Institutional investors and hedge funds own 76.95% of the company's stock.
Get Nutanix alerts:Analyst Ratings Changes
Several analysts recently weighed in on NTNX shares. Wells Fargo & Company raised their target price on shares of Nutanix from $20.00 to $32.00 and gave the company an "equal weight" rating in a report on Thursday, December 1st. KeyCorp raised their price objective on shares of Nutanix from $26.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, October 24th. Piper Sandler raised their price objective on shares of Nutanix from $29.00 to $33.00 in a report on Thursday, December 1st. Morgan Stanley raised their price objective on shares of Nutanix from $26.00 to $30.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 13th. Finally, Needham & Company LLC raised their price objective on shares of Nutanix from $31.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, December 1st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.58.
Nutanix Price Performance
NASDAQ:NTNX opened at $27.98 on Monday. The firm's fifty day moving average price is $28.22 and its 200 day moving average price is $23.81. Nutanix, Inc. has a 1-year low of $13.44 and a 1-year high of $33.73. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of -13.14 and a beta of 1.21.Nutanix (NASDAQ:NTNX – Get Rating) last posted its quarterly earnings data on Wednesday, November 30th. The technology company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.51) by $0.19. The firm had revenue of $433.61 million during the quarter, compared to analysts' expectations of $413.06 million. As a group, analysts expect that Nutanix, Inc. will post -1.17 earnings per share for the current fiscal year.
Insider Activity at Nutanix
In related news, insider Tyler Wall sold 9,906 shares of Nutanix stock in a transaction on Friday, December 16th. The shares were sold at an average price of $30.51, for a total value of $302,232.06. Following the transaction, the insider now directly owns 138,256 shares in the company, valued at approximately $4,218,190.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Nutanix news, insider Tyler Wall sold 9,906 shares of the firm's stock in a transaction on Friday, December 16th. The stock was sold at an average price of $30.51, for a total value of $302,232.06. Following the completion of the sale, the insider now owns 138,256 shares of the company's stock, valued at $4,218,190.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Craig Conway sold 25,000 shares of the firm's stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $30.38, for a total value of $759,500.00. Following the completion of the sale, the director now directly owns 33,363 shares of the company's stock, valued at approximately $1,013,567.94. The disclosure for this sale can be found here. Insiders have sold a total of 324,686 shares of company stock worth $9,538,498 in the last three months. Insiders own 0.43% of the company's stock.
Nutanix Company Profile
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Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers' enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.
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