Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Deepwater Asset Management LLC

Deepwater Asset Management LLC decreased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 17.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,789 shares of the technology company's stock after selling 48,509 shares during the period. Nutanix comprises approximately 4.7% of Deepwater Asset Management LLC's holdings, making the stock its 16th largest position. Deepwater Asset Management LLC owned about 0.09% of Nutanix worth $13,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Nutanix during the 2nd quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new stake in shares of Nutanix during the third quarter valued at approximately $27,000. Itau Unibanco Holding S.A. purchased a new position in shares of Nutanix in the second quarter worth $32,000. GAMMA Investing LLC boosted its position in shares of 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, Signaturefd LLC grew its position 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 acquiring an additional 350 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Performance

NASDAQ NTNX traded up $0.85 on Tuesday, reaching $64.97. 1,495,336 shares of the stock traded hands, compared to its average volume of 2,530,102. The company has a market cap of $17.23 billion, a price-to-earnings ratio of -125.06, a PEG ratio of 12.48 and a beta of 1.18. Nutanix, Inc. has a 12 month low of $34.80 and a 12 month high of $73.69. The company has a fifty day moving average price of $60.15 and a 200-day moving average price of $58.43.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $547.95 million during the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. As a group, research analysts anticipate that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nutanix news, COO David Sangster sold 11,950 shares of the business'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 completion of the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related 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 transaction of $714,968.50. Following 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 192,169 shares of the company's stock, valued at approximately $11,309,145.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NTNX shares. Bank of America lifted their target price on Nutanix from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. JPMorgan Chase & Co. lifted their price objective on shares of Nutanix from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, August 29th. Raymond James increased their target price on shares of Nutanix from $76.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. Needham & Company LLC restated a "buy" rating and issued a $80.00 target price on shares of Nutanix in a report on Thursday, August 29th. Finally, Royal Bank of Canada upped their price target on shares of Nutanix from $70.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Nutanix currently has a consensus rating of "Moderate Buy" and an average target price of $73.38.

Nutanix Company 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.