B. Metzler seel. Sohn & Co. Holding AG Invests $903,000 in Nutanix, Inc. (NASDAQ:NTNX)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,238 shares of the technology company's stock, valued at approximately $903,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTNX. Cetera Investment Advisers increased its position in Nutanix by 48.7% in the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company's stock valued at $4,697,000 after acquiring an additional 24,918 shares during the period. Diversified Trust Co grew its stake in shares of Nutanix by 46.7% in the 2nd quarter. Diversified Trust Co now owns 36,666 shares of the technology company's stock valued at $2,084,000 after buying an additional 11,668 shares during the period. Versor Investments LP grew its stake in shares of Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company's stock valued at $1,976,000 after buying an additional 22,652 shares during the period. Marshall Wace LLP increased its position in Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock valued at $84,308,000 after buying an additional 477,838 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC acquired a new position in Nutanix during the 2nd quarter worth approximately $2,274,000. 85.25% of the stock is currently owned by institutional investors.

Nutanix Trading Up 3.2 %

Shares of NTNX stock traded up $2.24 during trading hours on Friday, reaching $73.18. The stock had a trading volume of 2,472,073 shares, compared to its average volume of 1,771,979. The firm has a market capitalization of $19.41 billion, a PE ratio of -140.73, a PEG ratio of 11.74 and a beta of 1.17. Nutanix, Inc. has a 12 month low of $40.33 and a 12 month high of $73.69. The stock's fifty day simple moving average is $63.90 and its 200 day simple moving average is $59.33.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The business had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. As a group, equities research analysts anticipate that Nutanix, Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO David Sangster sold 11,950 shares of the firm'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 of the company's stock, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction dated 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 owns 192,169 shares of the company's stock, valued at $11,309,145.65. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NTNX. Needham & Company LLC reaffirmed a "buy" rating and set a $80.00 target price on shares of Nutanix in a research report on Thursday, August 29th. Raymond James lifted their price objective on shares of Nutanix from $76.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, August 29th. Morgan Stanley upgraded shares of Nutanix from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $71.00 to $72.00 in a report on Monday, October 28th. Bank of America lifted their price target on Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Finally, Royal Bank of Canada boosted their price objective on Nutanix from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Nutanix has a consensus rating of "Moderate Buy" and an average target price of $73.86.

About Nutanix

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.