Daiwa Securities Group Inc. Has $1.06 Million Stake in Nutanix, Inc. (NASDAQ:NTNX)

Daiwa Securities Group Inc. boosted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 296.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,840 shares of the technology company's stock after acquiring an additional 13,340 shares during the period. Daiwa Securities Group Inc.'s holdings in Nutanix were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Nutanix in the second quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new position in Nutanix in the 3rd quarter valued at $27,000. Larson Financial Group LLC grew its holdings in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after buying an additional 281 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Nutanix during the 2nd quarter worth $32,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock valued at $32,000 after acquiring an additional 321 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Buying and Selling

In other Nutanix news, COO David Sangster sold 11,950 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares of the company's stock, valued at $7,411,022.44. The trade was a 8.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares of the company's stock, valued at approximately $11,309,145.65. This trade represents 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.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, August 29th. Wells Fargo & Company raised their target price on shares of Nutanix from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday. StockNews.com upgraded Nutanix from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Morgan Stanley raised their price objective on Nutanix from $72.00 to $78.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Northland Securities reiterated a "market perform" rating and set a $77.00 target price (up from $74.00) on shares of Nutanix in a research report on Wednesday. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $78.86.

Nutanix Price Performance

NTNX stock traded down $1.42 during trading on Friday, reaching $65.28. 1,991,211 shares of the company were exchanged, compared to its average volume of 2,580,320. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of -186.51, a P/E/G ratio of 11.04 and a beta of 1.17. The company has a 50-day moving average of $64.88 and a two-hundred day moving average of $59.45. Nutanix, Inc. has a twelve month low of $42.22 and a twelve month high of $75.80.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. Nutanix had a negative net margin of 3.54% and a negative return on equity of 12.43%. The company had revenue of $547.95 million during the quarter, compared to the consensus estimate of $537.12 million. On average, analysts forecast that Nutanix, Inc. will post 0.31 EPS for the current 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.