Nutanix, Inc. (NASDAQ:NTNX) Position Lessened by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 92.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,428 shares of the technology company's stock after selling 418,546 shares during the quarter. Bank of Montreal Can's holdings in Nutanix were worth $2,076,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Nutanix during the second quarter worth $25,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Nutanix in the 2nd quarter worth about $32,000. Kapitalo Investimentos Ltda purchased a new position in Nutanix during the 4th quarter valued at about $37,000. GAMMA Investing LLC raised its position in Nutanix by 35.2% during the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company's stock worth $53,000 after acquiring an additional 243 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Nutanix in the first quarter valued at about $64,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Trading Up 2.5 %

NASDAQ:NTNX traded up $1.50 on Friday, hitting $60.87. 901,045 shares of the stock were exchanged, compared to its average volume of 2,619,604. Nutanix, Inc. has a fifty-two week low of $33.96 and a fifty-two week high of $73.69. The stock has a fifty day moving average of $55.65 and a 200-day moving average of $58.58. The stock has a market cap of $15.01 billion, a PE ratio of -848.14, a PEG ratio of 12.23 and a beta of 1.19.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. As a group, analysts predict that Nutanix, Inc. will post 0.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, 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 transaction of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the sale, the chief financial officer now directly owns 192,169 shares of the company's stock, valued at approximately $11,309,145.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Sangster sold 11,950 shares of the 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 completion of the transaction, the chief operating officer now directly owns 123,868 shares of the company's stock, valued at $7,411,022.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NTNX has been the subject of several research reports. Royal Bank of Canada lifted their price objective on Nutanix from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Raymond James boosted their price target on Nutanix from $76.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Morgan Stanley increased their price objective on Nutanix from $62.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $80.00 price target on shares of Nutanix in a research note on Thursday, August 29th. Finally, Bank of America boosted their price objective on shares of Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Nutanix presently has an average rating of "Moderate Buy" and a consensus price target of $73.31.

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.