US Bancorp DE Has $327,000 Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

US Bancorp DE decreased its position in Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 50.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,304 shares of the technology company’s stock after selling 5,368 shares during the period. US Bancorp DE’s holdings in Nutanix were worth $327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Nutanix in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC acquired a new stake in shares of Nutanix in the 4th quarter valued at about $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of Nutanix in the fourth quarter valued at about $37,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Nutanix during the fourth quarter worth about $40,000. Finally, Fidelis Capital Partners LLC bought a new position in shares of Nutanix during the first quarter worth about $64,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Trading Up 0.2 %

NASDAQ NTNX opened at $49.43 on Friday. The company has a 50 day moving average of $56.91 and a 200-day moving average of $59.25. The company has a market cap of $12.19 billion, a price-to-earnings ratio of -705.97, a PEG ratio of 10.07 and a beta of 1.16. Nutanix, Inc. has a 1-year low of $28.49 and a 1-year high of $73.69.

Nutanix (NASDAQ:NTNX – Get Free Report) last issued its earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.12. The company had revenue of $524.58 million during the quarter, compared to analysts’ expectations of $516.13 million. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. On average, equities research analysts forecast that Nutanix, Inc. will post 0.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 12,566 shares of Nutanix stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total value of $668,762.52. Following the transaction, the chief financial officer now owns 144,902 shares in the company, valued at approximately $7,711,684.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Rajiv Ramaswami sold 23,986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $1,299,801.34. Following the completion of the transaction, the chief executive officer now owns 407,045 shares of the company’s stock, valued at approximately $22,057,768.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 12,566 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total transaction of $668,762.52. Following the sale, the chief financial officer now directly owns 144,902 shares in the company, valued at approximately $7,711,684.44. The disclosure for this sale can be found here. Insiders sold 46,936 shares of company stock worth $2,531,273 over the last three months. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NTNX shares. Needham & Company LLC boosted their target price on Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. lifted their price objective on shares of Nutanix from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, May 24th. Barclays reduced their target price on shares of Nutanix from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Susquehanna raised their price target on Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Wednesday, April 10th. Finally, Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Get Our Latest Stock Analysis on NTNX

About Nutanix

(Free Report)

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.

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