Nutanix, Inc. has attracted the interest of various institutional investors, including Natixis Advisors LP, who recently acquired 11,970 shares of the company during the fourth quarter. Other investors, such as GAMMA Investing LLC, Harvest Fund Management Co. Ltd, Fifth Third Bancorp, DekaBank Deutsche Girozentrale, and Quintet Private Bank Europe SA, have also increased their stakes in Nutanix. Overall, hedge funds and institutional investors now hold 85.25% of the company’s shares.
In terms of price performance, Nutanix saw its shares open at $70.29 on Friday with a market capitalization of $17.17 billion. The stock has a price-to-earnings ratio of -195.25 and a beta of 1.27. Nutanix’s 50-day moving average is $63.52, and its two-hundred-day moving average is $54.56. The company’s stock has ranged from a low of $24.81 to a high of $70.69 over the past year.
In its latest earnings report, Nutanix reported earnings of $0.17 per share for the quarter, with revenue totaling $565.23 million, surpassing analysts’ expectations. Looking ahead, equities research analysts anticipate that Nutanix, Inc. will post -0.02 earnings per share for the current fiscal year.
In terms of insider activity, COO David Sangster recently sold 12,545 shares of Nutanix stock at an average price of $63.04, totaling $790,836.80. Additionally, CFO Rukmini Sivaraman sold 53,029 shares at an average price of $64.77, totaling $3,434,688.33. In the past three months, insiders have collectively sold 129,506 shares of company stock valued at $8,270,938.
Wall Street analysts have shared their opinions on NTNX, with several firms raising their price targets and giving positive ratings to the company. Needham & Company LLC, Susquehanna, Raymond James, Bank of America, and KeyCorp are among the firms that have given Nutanix a “buy” or “overweight” rating, with price targets ranging from $62.00 to $75.00.
Nutanix, Inc. provides an enterprise cloud platform that offers hyperconverged infrastructure software, virtualization solutions, network security services, Kubernetes management, and cloud clusters to customers across various regions. The company aims to simplify the provisioning, operations, and management of cloud-native environments and applications for its clients.
For more insights into Nutanix and its performance, interested investors can visit HoldingsChannel.com for the latest 13F filings and insider trading information. Additionally, MarketBeat offers a free daily email newsletter for those looking to receive news and ratings for Nutanix.
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