Victory Capital Management Inc. Has $9.22 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Victory Capital Management Inc. cut its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 20.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 155,552 shares of the technology company's stock after selling 41,069 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Nutanix worth $9,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC increased its position in shares of Nutanix by 13.9% during the 1st quarter. ProShare Advisors LLC now owns 7,235 shares of the technology company's stock worth $447,000 after purchasing an additional 882 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Nutanix during the first quarter worth $213,000. Seven Eight Capital LP acquired a new stake in Nutanix in the first quarter valued at $213,000. Axxcess Wealth Management LLC grew its position in shares of Nutanix by 10.4% in the 1st quarter. Axxcess Wealth Management LLC now owns 13,776 shares of the technology company's stock valued at $850,000 after acquiring an additional 1,298 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Nutanix by 29.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company's stock worth $269,024,000 after purchasing an additional 985,421 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Buying and Selling

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the 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 approximately $11,309,145.65. This trade represents a 11.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO David Sangster sold 11,950 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction 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 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

Nutanix Trading Up 3.2 %

Shares of NASDAQ:NTNX traded up $2.24 on Friday, reaching $73.18. 2,471,707 shares of the company's stock were exchanged, compared to its average volume of 2,475,059. Nutanix, Inc. has a twelve month low of $40.33 and a twelve month high of $73.69. The company has a fifty day moving average of $63.90 and a 200-day moving average of $59.37. The company has a market capitalization of $19.41 billion, a price-to-earnings ratio of -140.73, a PEG ratio of 13.01 and a beta of 1.17.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly 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 the consensus estimate 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, equities research analysts forecast that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of research analyst reports. Bank of America lifted their price target on Nutanix from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Northland Securities lifted their target price on Nutanix from $71.00 to $74.00 and gave the stock a "market perform" rating in a research note on Friday, August 30th. Needham & Company LLC restated a "buy" rating and issued a $80.00 price target on shares of Nutanix in a research note on Thursday, August 29th. Morgan Stanley raised Nutanix from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $71.00 to $72.00 in a report on Monday, October 28th. Finally, Raymond James upped their price objective on shares of Nutanix from $76.00 to $85.00 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 fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Nutanix currently has an average rating of "Moderate Buy" and an average price target of $73.86.

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.