Landscape Capital Management L.L.C. Has $634,000 Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Landscape Capital Management L.L.C. decreased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 90.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,700 shares of the technology company's stock after selling 100,786 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Nutanix were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of NTNX. CIBC Asset Management Inc raised its stake in shares of Nutanix by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company's stock valued at $417,000 after purchasing an additional 233 shares during the period. GAMMA Investing LLC lifted its holdings in Nutanix by 35.2% in the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company's stock worth $53,000 after buying an additional 243 shares during the period. Paragon Capital Management Inc. boosted its holdings in shares of Nutanix by 1.0% during 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 in the last quarter. Advisors Asset Management Inc. increased its position in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock valued at $32,000 after buying an additional 321 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Nutanix by 57.8% in the third quarter. Signaturefd LLC now owns 956 shares of the technology company's stock worth $57,000 after buying an additional 350 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Price Performance

Nutanix stock traded up $2.24 during trading hours on Friday, hitting $73.18. The stock had a trading volume of 2,472,073 shares, compared to its average volume of 1,771,979. The stock has a market capitalization of $19.41 billion, a price-to-earnings ratio of -140.73, a PEG ratio of 11.74 and a beta of 1.17. The stock's fifty day moving average is $63.90 and its two-hundred day moving average is $59.28. Nutanix, Inc. has a 1-year low of $40.33 and a 1-year high of $73.69.

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

Insider Activity at Nutanix

In other news, COO David Sangster sold 11,950 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 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. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on NTNX shares. Morgan Stanley raised Nutanix from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $71.00 to $72.00 in a research report on Monday, October 28th. JPMorgan Chase & Co. increased their price objective on shares of Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Barclays boosted their price target 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. Northland Securities increased their price target on Nutanix from $71.00 to $74.00 and gave the company a "market perform" rating in a report on Friday, August 30th. Finally, Piper Sandler increased their price target on Nutanix from $76.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average 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.