Nutanix (NASDAQ:NTNX) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lowered its stake in Nutanix (NASDAQ:NTNX) by 4.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 13,300 shares of the technology company’s stock after selling 600 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Nutanix were worth $928,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. LPL Financial LLC grew its stake in shares of Nutanix by 4.8% in the fourth quarter. LPL Financial LLC now owns 71,732 shares of the technology company’s stock valued at $4,389,000 after buying an additional 3,276 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Nutanix in the fourth quarter valued at about $234,000. Assenagon Asset Management S.A. grew its stake in shares of Nutanix by 69.7% in the first quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company’s stock valued at $2,784,000 after buying an additional 16,374 shares in the last quarter. Amalgamated Bank grew its stake in shares of Nutanix by 4.9% in the first quarter. Amalgamated Bank now owns 14,420 shares of the technology company’s stock valued at $1,007,000 after buying an additional 674 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Nutanix in the fourth quarter valued at about $195,758,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Buying and Selling

In related news, Director Groen Max Pieter De sold 5,480,467 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the completion of the transaction, the director owned 5,480,468 shares in the company, valued at $420,954,747.08. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix stock in a transaction on Monday, June 16th. The shares were sold at an average price of $72.73, for a total value of $152,733.00. Following the sale, the chief financial officer directly owned 209,070 shares in the company, valued at $15,205,661.10. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,552,549 shares of company stock worth $426,621,281. 6.80% of the stock is owned by company insiders.

Nutanix Price Performance

NASDAQ:NTNX opened at $74.28 on Tuesday. Nutanix has a 12-month low of $43.35 and a 12-month high of $83.36. The firm has a market capitalization of $19.91 billion, a P/E ratio of 152.43, a P/E/G ratio of 6.90 and a beta of 0.67. The business has a 50 day simple moving average of $75.57 and a 200 day simple moving average of $71.40.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The business had revenue of $638.98 million during the quarter, compared to analyst estimates of $626.12 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NTNX. Morgan Stanley reiterated an “overweight” rating and issued a $90.00 target price (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Raymond James Financial lowered Nutanix from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 20th. KeyCorp began coverage on Nutanix in a report on Thursday, June 26th. They set an “overweight” rating and a $95.00 price objective on the stock. 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, The Goldman Sachs Group began coverage on Nutanix in a report on Tuesday, July 15th. They set a “buy” rating and a $95.00 price objective on the stock. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

About Nutanix

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.