Allspring Global Investments Holdings LLC Boosts Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Allspring Global Investments Holdings LLC raised its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 101.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,958 shares of the technology company's stock after acquiring an additional 21,086 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Nutanix were worth $2,486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. First Trust Direct Indexing L.P. bought a new stake in Nutanix during the first quarter worth approximately $230,000. Maryland State Retirement & Pension System increased its stake in Nutanix by 5.6% during the first quarter. Maryland State Retirement & Pension System now owns 19,060 shares of the technology company's stock worth $1,152,000 after acquiring an additional 1,007 shares during the last quarter. Principal Financial Group Inc. increased its stake in Nutanix by 22.8% during the first quarter. Principal Financial Group Inc. now owns 21,521 shares of the technology company's stock worth $1,328,000 after acquiring an additional 3,990 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Nutanix by 10.0% during the first quarter. Commonwealth Equity Services LLC now owns 10,182 shares of the technology company's stock worth $628,000 after acquiring an additional 928 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Nutanix during the first quarter worth approximately $1,384,000. 85.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Raymond James upped their target price on Nutanix from $76.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. Morgan Stanley upgraded Nutanix from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $71.00 to $72.00 in a report on Monday. Barclays boosted their price target on Nutanix from $71.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price target on Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Finally, Needham & Company LLC restated a "buy" rating and set a $80.00 target price on shares of Nutanix in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Nutanix has a consensus rating of "Moderate Buy" and an average target price of $73.38.

Insider Activity at Nutanix

In related news, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction 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. This trade represents 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. In related news, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix 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 completion of the transaction, the chief financial officer now directly owns 192,169 shares in the company, valued at approximately $11,309,145.65. This trade represents 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 Nutanix stock in a transaction that occurred on Monday, September 16th. The shares were 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 of the company's stock, valued at approximately $7,411,022.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Nutanix Price Performance

NASDAQ NTNX traded down $0.85 during trading on Wednesday, hitting $64.12. The company's stock had a trading volume of 1,549,041 shares, compared to its average volume of 2,525,432. The company has a market cap of $17.01 billion, a PE ratio of -124.04, a P/E/G ratio of 12.48 and a beta of 1.18. The business's 50 day simple moving average is $60.39 and its 200-day simple moving average is $58.44. Nutanix, Inc. has a fifty-two week low of $35.20 and a fifty-two week high of $73.69.

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

About Nutanix

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.