Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lowered its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 47.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,555 shares of the technology company’s stock after selling 87,800 shares during the quarter. Nutanix accounts for 1.5% of Lisanti Capital Growth LLC’s holdings, making the stock its 13th biggest position. Lisanti Capital Growth LLC’s holdings in Nutanix were worth $6,083,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NTNX. Symmetry Partners LLC acquired a new stake in shares of Nutanix in the fourth quarter worth $272,000. FCF Advisors LLC acquired a new stake in Nutanix during the fourth quarter valued at $1,196,000. Exchange Traded Concepts LLC acquired a new stake in Nutanix during the fourth quarter valued at $2,200,000. Range Financial Group LLC acquired a new stake in Nutanix during the fourth quarter valued at $797,000. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in Nutanix during the fourth quarter valued at $387,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insiders Place Their Bets

In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of Nutanix stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total transaction of $668,762.52. Following the transaction, the chief financial officer now directly owns 144,902 shares of the company’s stock, valued at $7,711,684.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Nutanix news, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the completion of the sale, the chief operating officer now directly owns 64,333 shares in the company, valued at $3,486,205.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 12,566 shares of Nutanix stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total transaction of $668,762.52. Following the sale, the chief financial officer now owns 144,902 shares of the company’s stock, valued at $7,711,684.44. The disclosure for this sale can be found here. Insiders have sold 46,936 shares of company stock valued at $2,531,273 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several analyst reports. Susquehanna raised their price target on shares of Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. Northland Securities downgraded shares of Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 price objective on the stock. in a report on Thursday, May 30th. Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th. Finally, Needham & Company LLC increased their price objective on shares of Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Nutanix Stock Performance

Shares of NASDAQ:NTNX traded down $2.42 during midday trading on Friday, hitting $54.28. The company’s stock had a trading volume of 5,674,531 shares, compared to its average volume of 2,281,949. The business’s 50 day simple moving average is $60.49 and its 200 day simple moving average is $59.06. The company has a market cap of $13.39 billion, a P/E ratio of -775.32, a price-to-earnings-growth ratio of 12.74 and a beta of 1.16. Nutanix, Inc. has a 12-month low of $28.29 and a 12-month high of $73.69.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.12. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. The firm had revenue of $524.58 million for the quarter, compared to the consensus estimate of $516.13 million. On average, sell-side analysts predict that Nutanix, Inc. will post 0.11 earnings per share for the current fiscal year.

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.