Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in Nutanix, Inc. (NASDAQ:NTNX) by 68.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,064 shares of the technology company’s stock after selling 39,110 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Nutanix were worth $861,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NTNX. BluePath Capital Management LLC acquired a new position in Nutanix in the 3rd quarter valued at $31,000. Fifth Third Bancorp acquired a new position in shares of Nutanix during the 4th quarter worth $62,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Nutanix during the 3rd quarter worth $107,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Nutanix in the 3rd quarter worth about $143,000. Finally, CWM LLC boosted its position in shares of Nutanix by 7.8% in the 3rd quarter. CWM LLC now owns 4,527 shares of the technology company’s stock worth $158,000 after buying an additional 328 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Down 0.3 %

NTNX opened at $60.89 on Thursday. The firm’s 50 day moving average is $62.08 and its 200-day moving average is $51.20. The firm has a market capitalization of $14.88 billion, a P/E ratio of -169.14 and a beta of 1.29. Nutanix, Inc. has a 52-week low of $23.34 and a 52-week high of $66.99.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $565.23 million during the quarter, compared to the consensus estimate of $551.82 million. Equities analysts expect that Nutanix, Inc. will post -0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Tyler Wall sold 15,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total transaction of $933,750.00. Following the completion of the transaction, the insider now owns 13,168 shares of the company’s stock, valued at $819,708. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Tyler Wall sold 15,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $62.25, for a total value of $933,750.00. Following the completion of the sale, the insider now owns 13,168 shares of the company’s stock, valued at $819,708. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 53,029 shares of the company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the sale, the chief financial officer now directly owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The disclosure for this sale can be found here. Insiders sold a total of 129,506 shares of company stock valued at $8,270,938 over the last 90 days. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. William Blair upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. Piper Sandler upped their target price on shares of Nutanix from $67.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. KeyCorp raised their price target on shares of Nutanix from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Finally, Morgan Stanley raised their price target on shares of Nutanix from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.17.

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.