Tobam Has $5.62 Million Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Tobam lessened its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 19.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,793 shares of the technology company's stock after selling 23,229 shares during the period. Tobam's holdings in Nutanix were worth $5,616,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Nutanix during the 2nd quarter worth approximately $25,000. Itau Unibanco Holding S.A. bought a new stake in shares of Nutanix in the 2nd quarter worth approximately $32,000. Kapitalo Investimentos Ltda bought a new stake in shares of Nutanix in the 4th quarter worth approximately $37,000. GAMMA Investing LLC lifted its holdings in shares of Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company's stock worth $53,000 after purchasing an additional 243 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Nutanix in the 1st quarter worth approximately $64,000. Institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on NTNX shares. Royal Bank of Canada raised their price target on Nutanix from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Piper Sandler raised 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. JPMorgan Chase & Co. raised their price target on Nutanix from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Needham & Company LLC restated a "buy" rating and issued a $80.00 target price on shares of Nutanix in a research report on Thursday, August 29th. Finally, Raymond James raised their target price on Nutanix from $76.00 to $85.00 and gave the company an "outperform" 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $73.31.

Nutanix Stock Performance

Shares of NTNX stock traded up $1.44 during mid-day trading on Thursday, hitting $64.61. 2,398,283 shares of the stock traded hands, compared to its average volume of 2,606,145. Nutanix, Inc. has a twelve month low of $34.40 and a twelve month high of $73.69. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of -923.71, a price-to-earnings-growth ratio of 12.23 and a beta of 1.18. The company's 50-day simple moving average is $56.58 and its 200-day simple moving average is $58.50.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The business had revenue of $547.95 million for the quarter, compared to analysts' expectations of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. Analysts forecast that Nutanix, Inc. will post 0.27 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the transaction, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO David Sangster sold 11,950 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the transaction, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm's stock in a transaction that occurred on 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 owns 192,169 shares of the company's stock, valued at approximately $11,309,145.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.46% of the company's stock.

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.