Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lessened its holdings in Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,935 shares of the technology company’s stock after selling 516 shares during the period. Sequoia Financial Advisors LLC’s holdings in Nutanix were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Nutanix during the 2nd quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Nutanix during the 4th quarter worth about $29,000. GAMMA Investing LLC acquired a new position in Nutanix during the 4th quarter worth about $30,000. Kapitalo Investimentos Ltda acquired a new position in Nutanix during the 4th quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Nutanix during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Barclays decreased their target price on Nutanix from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Morgan Stanley reduced their price target on Nutanix from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. KeyCorp increased their price target on Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Finally, Needham & Company LLC increased their price target on Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Get Our Latest Stock Analysis on NTNX

Nutanix Stock Performance

NTNX opened at $51.26 on Thursday. Nutanix, Inc. has a one year low of $29.25 and a one year high of $73.69. The company has a market cap of $12.64 billion, a P/E ratio of -732.29, a PEG ratio of 4.45 and a beta of 1.16. The business’s 50-day simple moving average is $52.62 and its 200-day simple moving average is $58.97.

Nutanix (NASDAQ:NTNX – Get Free Report) last released its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. The business had revenue of $524.58 million for the quarter, compared to the consensus estimate of $516.13 million. As a group, analysts predict that Nutanix, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO David Sangster sold 10,384 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the transaction, the chief operating officer now owns 64,333 shares in the company, valued at approximately $3,486,205.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Rukmini Sivaraman sold 12,566 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 144,902 shares in the company, valued at approximately $7,711,684.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO David Sangster sold 10,384 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the transaction, the chief operating officer now owns 64,333 shares in the company, valued at approximately $3,486,205.27. The disclosure for this sale can be found here. Insiders have sold 46,936 shares of company stock worth $2,531,273 in the last quarter. 0.46% of the stock is owned by insiders.

Nutanix Company Profile

(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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