Diversified Trust Co Reduces Holdings in Nutanix (NASDAQ:NTNX)

Diversified Trust Co lowered its position in shares of Nutanix (NASDAQ:NTNX) by 10.7% during the first quarter, HoldingsChannel reports. The firm owned 31,312 shares of the technology company’s stock after selling 3,764 shares during the period. Diversified Trust Co’s holdings in Nutanix were worth $2,186,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NTNX. Norges Bank purchased a new stake in shares of Nutanix during the fourth quarter valued at approximately $195,758,000. Pictet Asset Management Holding SA raised its stake in shares of Nutanix by 6,785.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company’s stock valued at $130,885,000 after purchasing an additional 2,108,269 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Nutanix during the fourth quarter valued at approximately $91,639,000. Contour Asset Management LLC purchased a new stake in shares of Nutanix during the fourth quarter valued at approximately $87,318,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Nutanix during the fourth quarter valued at approximately $86,824,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NTNX. Wall Street Zen upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 22nd. Morgan Stanley restated an “overweight” rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Raymond James Financial downgraded Nutanix from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 20th. Needham & Company LLC restated a “buy” rating and set a $92.00 price objective on shares of Nutanix in a report on Thursday, May 29th. Finally, Susquehanna lifted their price objective on Nutanix from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $90.71.

Nutanix Trading Up 0.0%

Shares of NASDAQ NTNX opened at $75.29 on Friday. Nutanix has a twelve month low of $43.35 and a twelve month high of $83.36. The company has a market capitalization of $20.18 billion, a price-to-earnings ratio of 149.84, a price-to-earnings-growth ratio of 6.84 and a beta of 0.69. The business has a 50 day simple moving average of $74.47 and a 200-day simple moving average of $69.66.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $638.98 million during the quarter, compared to the consensus estimate of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. As a group, equities analysts predict that Nutanix will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Virginia Gambale sold 7,000 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total transaction of $546,000.00. Following the completion of the transaction, the director now directly owns 38,330 shares in the company, valued at $2,989,740. This represents a 15.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 61,057 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the transaction, the chief executive officer now owns 497,309 shares of the company’s stock, valued at approximately $39,287,411. The trade was a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,552,549 shares of company stock worth $426,621,281 in the last three months. 6.80% of the stock is owned by insiders.

Nutanix Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.