SG Americas Securities LLC Has $558,000 Stake in Nutanix, Inc. (NASDAQ:NTNX)

SG Americas Securities LLC lowered its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 76.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,047 shares of the technology company's stock after selling 29,658 shares during the period. SG Americas Securities LLC's holdings in Nutanix were worth $558,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NTNX. M&T Bank Corp raised its holdings in shares of Nutanix by 3.6% in the 4th quarter. M&T Bank Corp now owns 9,270 shares of the technology company's stock worth $442,000 after buying an additional 325 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Nutanix by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,433 shares of the technology company's stock worth $1,138,000 after purchasing an additional 369 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Nutanix by 49.7% during the 1st quarter. Venturi Wealth Management LLC now owns 1,208 shares of the technology company's stock worth $75,000 after purchasing an additional 401 shares in the last quarter. Sonen Capital LLC lifted its holdings in Nutanix by 3.0% during the 4th quarter. Sonen Capital LLC now owns 18,663 shares of the technology company's stock valued at $890,000 after purchasing an additional 545 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in Nutanix in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NTNX. Susquehanna raised their price objective on shares of Nutanix from $60.00 to $75.00 and gave the stock a "positive" rating in a report on Wednesday, April 10th. Northland Capmk cut Nutanix from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 30th. JPMorgan Chase & Co. boosted their price objective on Nutanix from $70.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, May 24th. Raymond James raised their target price on Nutanix from $72.00 to $76.00 and gave the company an "outperform" rating in a research note on Thursday, May 30th. Finally, Royal Bank of Canada upped their price target 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. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Nutanix has a consensus rating of "Moderate Buy" and a consensus price target of $72.00.

Insider Buying and Selling

In other Nutanix news, COO David Sangster sold 10,384 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the sale, the chief operating officer now directly owns 64,333 shares in the company, valued at $3,486,205.27. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Rajiv Ramaswami sold 23,986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $1,299,801.34. Following the completion of the sale, the chief executive officer now directly owns 407,045 shares of the company's stock, valued at approximately $22,057,768.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the completion of the transaction, the chief operating officer now directly owns 64,333 shares in the company, valued at approximately $3,486,205.27. The disclosure for this sale can be found here. Insiders have sold 46,936 shares of company stock valued at $2,531,273 in the last 90 days. 0.46% of the stock is owned by insiders.

Nutanix Stock Performance

NTNX traded up $0.39 during trading on Friday, reaching $48.30. 2,931,743 shares of the company's stock were exchanged, compared to its average volume of 3,004,407. The company's fifty day moving average price is $58.79 and its 200-day moving average price is $59.21. The firm has a market capitalization of $11.91 billion, a PE ratio of -689.90, a P/E/G ratio of 10.76 and a beta of 1.16. Nutanix, Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $73.69.

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