DekaBank Deutsche Girozentrale Buys 767 Shares of Nutanix, Inc. (NASDAQ:NTNX)

DekaBank Deutsche Girozentrale increased its stake in Nutanix, Inc. (NASDAQ:NTNX) by 25.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,774 shares of the technology company’s stock after purchasing an additional 767 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Nutanix were worth $181,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Nutanix by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 706,101 shares of the technology company’s stock valued at $18,938,000 after acquiring an additional 13,696 shares during the last quarter. Bank of Montreal Can increased its holdings in Nutanix by 57.0% in the 1st quarter. Bank of Montreal Can now owns 108,342 shares of the technology company’s stock worth $2,939,000 after purchasing an additional 39,341 shares in the last quarter. MetLife Investment Management LLC bought a new position in Nutanix in the first quarter valued at about $371,000. BlackRock Inc. boosted its stake in shares of Nutanix by 1.2% during the first quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company’s stock valued at $260,245,000 after purchasing an additional 117,982 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Nutanix by 12.4% during the first quarter. Blair William & Co. IL now owns 296,205 shares of the technology company’s stock worth $7,944,000 after purchasing an additional 32,566 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Up 2.2 %

Shares of NTNX stock opened at $62.41 on Wednesday. Nutanix, Inc. has a 52 week low of $23.34 and a 52 week high of $66.99. The firm has a 50 day moving average of $61.75 and a 200-day moving average of $50.25. The company has a market cap of $15.25 billion, a price-to-earnings ratio of -173.36 and a beta of 1.29.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The company had revenue of $565.23 million during the quarter, compared to analyst estimates of $551.82 million. Analysts anticipate that Nutanix, Inc. will post -0.05 earnings per share for the current year.

Insider Activity

In related news, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the transaction, the director now directly owns 3,962 shares of the company’s stock, valued at approximately $254,003.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Steven J. Gomo sold 25,000 shares of Nutanix stock in a transaction on Friday, March 1st. The shares were sold at an average price of $64.11, for a total value of $1,602,750.00. Following the completion of the sale, the director now owns 3,962 shares of the company’s stock, valued at approximately $254,003.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 23,932 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $63.05, for a total transaction of $1,508,912.60. Following the sale, the chief executive officer now owns 373,024 shares of the company’s stock, valued at approximately $23,519,163.20. The disclosure for this sale can be found here. Insiders sold a total of 129,506 shares of company stock worth $8,270,938 in the last three months. Company insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NTNX. JMP Securities boosted their target price on shares of Nutanix from $50.00 to $70.00 and gave the stock a “market outperform” rating in a report on Monday, February 5th. JPMorgan Chase & Co. lifted their target price on Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 12th. Susquehanna lifted their price objective on Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research note on Wednesday, April 10th. Finally, Piper Sandler increased their target price on shares of Nutanix from $67.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $65.17.

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.