Daiwa Securities Group Inc. Purchases Shares of 4,130 Nutanix, Inc. (NASDAQ:NTNX)

Daiwa Securities Group Inc. acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 1st quarter, Holdings Channel reports. The fund acquired 4,130 shares of the technology company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FIL Ltd boosted its stake in Nutanix by 74.7% in the 4th quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock worth $424,830,000 after buying an additional 3,809,981 shares during the last quarter. Norges Bank acquired a new stake in shares of Nutanix in the fourth quarter worth approximately $137,465,000. Nordea Investment Management AB grew its holdings in Nutanix by 387.1% in the first quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock valued at $162,229,000 after purchasing an additional 2,076,377 shares during the period. Federated Hermes Inc. increased its position in Nutanix by 61.4% during the fourth quarter. Federated Hermes Inc. now owns 1,295,112 shares of the technology company’s stock worth $61,764,000 after purchasing an additional 492,463 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Nutanix by 441.3% during the first quarter. Assenagon Asset Management S.A. now owns 588,843 shares of the technology company’s stock worth $36,343,000 after purchasing an additional 480,069 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley dropped their price objective on Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. Barclays dropped their price target on Nutanix from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Susquehanna lifted their price objective on Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Wednesday, April 10th. Royal Bank of Canada increased their target price on shares of Nutanix from $72.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. Finally, KeyCorp lifted their price target on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Insider Activity at Nutanix

In other news, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the completion of the transaction, the chief operating officer now owns 64,333 shares in the company, valued at approximately $3,486,205.27. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Rajiv Ramaswami sold 23,986 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $1,299,801.34. Following the transaction, the chief executive officer now directly owns 407,045 shares in the company, valued at approximately $22,057,768.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO David Sangster sold 10,384 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the sale, the chief operating officer now directly owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The disclosure for this sale can be found here. Insiders sold a total of 46,936 shares of company stock valued at $2,531,273 over the last three months. 0.46% of the stock is owned by insiders.

Nutanix Stock Performance

NTNX stock opened at $54.28 on Friday. The stock’s 50 day moving average is $60.49 and its two-hundred day moving average is $59.06. Nutanix, Inc. has a 52-week low of $28.29 and a 52-week high of $73.69.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.12. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. The business had revenue of $524.58 million during the quarter, compared to analyst estimates of $516.13 million. As a group, equities research analysts predict that Nutanix, Inc. will post 0.11 EPS for the current fiscal year.

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.