Robeco Institutional Asset Management B.V. Decreases Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 8.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,187 shares of the technology company's stock after selling 10,514 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Nutanix were worth $6,943,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Nutanix in the second quarter worth $25,000. ORG Wealth Partners LLC bought a new position in Nutanix in the third quarter valued at approximately $27,000. Itau Unibanco Holding S.A. bought a new stake in shares of Nutanix in the second quarter valued at about $32,000. GAMMA Investing LLC lifted its position in shares of Nutanix by 35.2% in the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company's stock worth $53,000 after purchasing an additional 243 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company's stock valued at $57,000 after buying an additional 350 shares during the last quarter. Institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Raymond James raised their price objective on Nutanix from $76.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. Royal Bank of Canada increased their target price on shares of Nutanix from $70.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, August 29th. Morgan Stanley raised shares of Nutanix from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $71.00 to $72.00 in a research note on Monday, October 28th. Finally, Barclays raised their target price on shares of Nutanix from $71.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Nutanix currently has a consensus rating of "Moderate Buy" and an average target price of $73.38.

Insider Buying and Selling at Nutanix

In other news, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through the SEC website. In other Nutanix news, COO David Sangster sold 11,950 shares of Nutanix 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 completion of the transaction, the chief operating officer now owns 123,868 shares of the company's stock, valued at $7,411,022.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm's stock in a transaction 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Nutanix Price Performance

NTNX traded down $0.05 during midday trading on Friday, hitting $70.40. 1,517,128 shares of the company's stock traded hands, compared to its average volume of 2,500,877. Nutanix, Inc. has a one year low of $37.28 and a one year high of $73.69. The stock's fifty day simple moving average is $61.84 and its 200-day simple moving average is $58.68. The company has a market cap of $18.67 billion, a PE ratio of -135.48, a price-to-earnings-growth ratio of 12.67 and a beta of 1.17.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. The company 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%. On average, research analysts expect that Nutanix, Inc. will post 0.27 EPS for the current 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.