Liberty One Investment Management LLC Sells 602 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Liberty One Investment Management LLC decreased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 17.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,915 shares of the technology company’s stock after selling 602 shares during the period. Liberty One Investment Management LLC’s holdings in Nutanix were worth $166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FIL Ltd boosted its stake in Nutanix by 74.7% in the 4th quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock worth $424,830,000 after purchasing an additional 3,809,981 shares during the period. Norges Bank acquired a new position in shares of Nutanix during the fourth quarter worth about $137,465,000. Nordea Investment Management AB boosted its position in shares of Nutanix by 387.1% during the first quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock worth $162,229,000 after buying an additional 2,076,377 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Nutanix by 29.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock worth $269,024,000 after buying an additional 985,421 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Nutanix by 61.4% in the 4th quarter. Federated Hermes Inc. now owns 1,295,112 shares of the technology company’s stock valued at $61,764,000 after buying an additional 492,463 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on NTNX. JPMorgan Chase & Co. upped their price target on Nutanix from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. Raymond James increased their target price on shares of Nutanix from $72.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. KeyCorp lifted their price target on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Northland Securities downgraded shares of Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 price objective for the company. in a research note on Thursday, May 30th. Finally, Royal Bank of Canada raised their price objective on Nutanix from $72.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $71.31.

Insider Buying and Selling at Nutanix

In other news, COO David Sangster sold 10,384 shares of the 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 $3,486,205.27. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO David Sangster sold 10,384 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the transaction, the chief operating officer now directly owns 64,333 shares in the company, valued at $3,486,205.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 23,986 shares of Nutanix stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $1,299,801.34. Following the completion of the sale, the chief executive officer now owns 407,045 shares of the company’s stock, valued at approximately $22,057,768.55. The disclosure for this sale can be found here. Insiders have sold a total of 46,936 shares of company stock valued at $2,531,273 in the last three months. 0.46% of the stock is currently owned by company insiders.

Nutanix Stock Performance

NTNX traded up $1.02 during trading hours on Tuesday, reaching $53.03. The company’s stock had a trading volume of 1,974,471 shares, compared to its average volume of 2,697,113. The company’s 50-day moving average is $52.56 and its 200-day moving average is $58.89. Nutanix, Inc. has a 52 week low of $29.25 and a 52 week high of $73.69. The firm has a market cap of $13.08 billion, a PE ratio of -757.29, a price-to-earnings-growth ratio of 4.45 and a beta of 1.16.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data 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 firm had revenue of $524.58 million for the quarter, compared to the consensus estimate of $516.13 million. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. Equities analysts anticipate that Nutanix, Inc. will post 0.12 earnings per share for the current fiscal year.

Nutanix Company 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.