Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Eventide Asset Management LLC

Eventide Asset Management LLC decreased its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 91.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 53,473 shares of the technology company’s stock after selling 566,781 shares during the quarter. Eventide Asset Management LLC’s holdings in Nutanix were worth $3,168,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bain Capital Investors LLC bought a new stake in Nutanix in the 3rd quarter valued at about $998,601,000. Champlain Investment Partners LLC raised its holdings in shares of Nutanix by 3.7% during the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock valued at $354,867,000 after buying an additional 215,363 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Nutanix by 7.4% during the second quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock valued at $212,548,000 after buying an additional 256,156 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Nutanix by 47.5% during the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after buying an additional 477,838 shares during the period. Finally, Driehaus Capital Management LLC grew its holdings in Nutanix by 123.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock worth $81,593,000 after buying an additional 794,215 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This trade represents a 11.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David Sangster sold 11,950 shares of the business’s 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 sale, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Performance

NASDAQ NTNX opened at $65.28 on Friday. The stock has a market capitalization of $17.31 billion, a P/E ratio of -186.51, a P/E/G ratio of 11.04 and a beta of 1.17. The business’s fifty day moving average is $64.88 and its two-hundred day moving average is $59.45. Nutanix, Inc. has a 1 year low of $42.22 and a 1 year high of $75.80.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 12.43% and a negative net margin of 3.54%. The company had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. On average, research analysts forecast that Nutanix, Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

NTNX has been the topic of several recent analyst reports. Northland Securities reaffirmed a “market perform” rating and set a $77.00 target price (up previously from $74.00) on shares of Nutanix in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Piper Sandler raised their target price on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada upped their price target on shares of Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley increased their price objective on shares of Nutanix from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.86.

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.