Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Nutanix, Inc. (NASDAQ:NTNX) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,784 shares of the technology company’s stock after selling 402 shares during the quarter. Amalgamated Bank’s holdings in Nutanix were worth $817,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Nutanix by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock valued at $53,000 after purchasing an additional 243 shares in the last quarter. Paragon Capital Management Inc. boosted its position in Nutanix by 1.0% in the 3rd quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock valued at $1,545,000 after buying an additional 258 shares during the last quarter. Signaturefd LLC boosted its position in Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock valued at $57,000 after buying an additional 350 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Nutanix by 9.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the technology company’s stock valued at $256,000 after acquiring an additional 370 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its position in shares of Nutanix by 3.6% during the second quarter. 180 Wealth Advisors LLC now owns 10,854 shares of the technology company’s stock worth $615,000 after acquiring an additional 374 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NTNX shares. Raymond James increased their price target on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Morgan Stanley upgraded Nutanix from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $71.00 to $72.00 in a research note on Monday, October 28th. Northland Securities lifted their price target on shares of Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Needham & Company LLC reiterated a “buy” rating and set a $80.00 price objective on shares of Nutanix in a research note on Thursday, August 29th. Finally, Barclays boosted their target price on shares of Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.86.

Nutanix Price Performance

Nutanix stock opened at $71.09 on Friday. The firm has a 50 day simple moving average of $62.54 and a 200-day simple moving average of $58.96. Nutanix, Inc. has a 12-month low of $38.60 and a 12-month high of $73.69. The stock has a market capitalization of $18.85 billion, a PE ratio of -137.90, a price-to-earnings-growth ratio of 14.64 and a beta of 1.17.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $547.95 million during the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. On average, analysts forecast that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. The trade was a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the sale, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

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.