Vontobel Holding Ltd. Buys 40,476 Shares of Nutanix $NTNX

by · The Cerbat Gem

Vontobel Holding Ltd. increased its stake in shares of Nutanix (NASDAQ:NTNX – Free Report) by 118.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,641 shares of the technology company’s stock after acquiring an additional 40,476 shares during the period. Vontobel Holding Ltd.’s holdings in Nutanix were worth $5,553,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Swedbank AB acquired a new position in Nutanix during the 1st quarter worth approximately $1,642,000. Silverberg Bernstein Capital Management LLC raised its holdings in shares of Nutanix by 61.6% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 37,893 shares of the technology company’s stock valued at $2,897,000 after purchasing an additional 14,438 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Nutanix by 67.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock worth $2,218,000 after purchasing an additional 11,670 shares in the last quarter. Norges Bank acquired a new position in Nutanix during the second quarter worth $263,938,000. Finally, Swiss National Bank boosted its holdings in Nutanix by 6.7% during the second quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock worth $58,576,000 after purchasing an additional 48,400 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Down 0.9%

Shares of NASDAQ NTNX opened at $51.77 on Friday. The business’s 50 day moving average price is $58.98 and its two-hundred day moving average price is $68.24. The company has a market cap of $14.00 billion, a PE ratio of 69.02, a price-to-earnings-growth ratio of 5.53 and a beta of 0.53. Nutanix has a twelve month low of $46.12 and a twelve month high of $83.36.

Nutanix (NASDAQ:NTNX – Get Free Report) last released its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The company had revenue of $670.58 million during the quarter, compared to analysts’ expectations of $677.23 million. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The business’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. As a group, research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Activity

In other Nutanix news, Director Teresa Gayle Sheppard sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $76.48, for a total transaction of $267,680.00. Following the completion of the sale, the director directly owned 22,400 shares in the company, valued at $1,713,152. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 144,707 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total value of $11,058,508.94. Following the sale, the chief executive officer owned 524,608 shares of the company’s stock, valued at approximately $40,090,543.36. This represents a 21.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on NTNX. Bank of America lowered their price target on shares of Nutanix from $93.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Piper Sandler reiterated an “overweight” rating and set a $72.00 target price (down previously from $88.00) on shares of Nutanix in a report on Wednesday, November 26th. Zacks Research downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Morgan Stanley lowered their price target on Nutanix from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Finally, Wells Fargo & Company cut their price objective on Nutanix from $71.00 to $57.00 and set an “equal weight” rating for the company in a report on Wednesday, November 26th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.13.

Check Out Our Latest Stock Report on Nutanix

Nutanix Company Profile

(Free Report)

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.

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