ClariVest Asset Management LLC Has $4.59 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

ClariVest Asset Management LLC cut its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 60.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,388 shares of the technology company's stock after selling 114,911 shares during the period. ClariVest Asset Management LLC's holdings in Nutanix were worth $4,591,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Symmetry Partners LLC bought a new stake in shares of Nutanix in the fourth quarter worth $272,000. FCF Advisors LLC acquired a new stake in shares of Nutanix in the fourth quarter valued at about $1,196,000. Exchange Traded Concepts LLC bought a new position in shares of Nutanix during the fourth quarter worth about $2,200,000. Range Financial Group LLC acquired a new position in shares of Nutanix in the fourth quarter worth approximately $797,000. Finally, Handelsinvest Investeringsforvaltning bought a new stake in Nutanix in the fourth quarter valued at approximately $387,000. 85.25% of the stock is owned by institutional investors.

Nutanix Trading Down 4.3 %

NASDAQ NTNX traded down $2.42 during trading hours on Friday, hitting $54.28. The company's stock had a trading volume of 5,674,531 shares, compared to its average volume of 2,281,949. The company has a market capitalization of $13.39 billion, a PE ratio of -775.32, a price-to-earnings-growth ratio of 12.74 and a beta of 1.16. Nutanix, Inc. has a 52 week low of $28.29 and a 52 week high of $73.69. The company's 50-day simple moving average is $60.49 and its two-hundred day simple moving average is $59.14.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.12. The company had revenue of $524.58 million for the quarter, compared to analysts' expectations of $516.13 million. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. Research analysts anticipate that Nutanix, Inc. will post 0.11 EPS for the current fiscal year.

Insider Transactions at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the completion of the sale, the chief financial officer now owns 144,902 shares in the company, valued at approximately $7,711,684.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, 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 value of $562,708.96. Following the transaction, the chief operating officer now directly owns 64,333 shares of the company's stock, valued at approximately $3,486,205.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Rukmini Sivaraman sold 12,566 shares of the firm's stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total transaction of $668,762.52. Following the sale, the chief financial officer now owns 144,902 shares of the company's stock, valued at approximately $7,711,684.44. The disclosure for this sale can be found here. Insiders sold a total of 46,936 shares of company stock worth $2,531,273 in the last quarter. 0.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NTNX shares. Needham & Company LLC boosted their price target on shares of Nutanix from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $70.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, May 24th. Royal Bank of Canada lifted their price objective on Nutanix from $72.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 29th. Northland Capmk lowered Nutanix from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 30th. Finally, Susquehanna lifted their target price on Nutanix from $60.00 to $75.00 and gave the stock a "positive" rating in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Nutanix currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.00.

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.

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