Diversified Trust Co Reduces Stock Holdings in Nutanix (NASDAQ:NTNX)

Diversified Trust Co lowered its position in Nutanix (NASDAQ:NTNX) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,312 shares of the technology company’s stock after selling 3,764 shares during the quarter. Diversified Trust Co’s holdings in Nutanix were worth $2,186,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NTNX. Norges Bank purchased a new position in shares of Nutanix in the fourth quarter valued at $195,758,000. Pictet Asset Management Holding SA increased its position in shares of Nutanix by 6,785.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company’s stock valued at $130,885,000 after buying an additional 2,108,269 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Nutanix in the fourth quarter valued at $91,639,000. Contour Asset Management LLC purchased a new position in shares of Nutanix in the fourth quarter valued at $87,318,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Nutanix in the fourth quarter valued at $86,824,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NTNX. Morgan Stanley reaffirmed an “overweight” rating and set a $90.00 price objective (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $92.00 price objective on shares of Nutanix in a research note on Thursday, May 29th. Wall Street Zen raised Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 22nd. Susquehanna increased their price objective on Nutanix from $90.00 to $95.00 and gave the company a “positive” rating in a research note on Thursday, May 29th. Finally, Raymond James Financial lowered Nutanix from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Nutanix presently has an average rating of “Buy” and a consensus price target of $90.71.

Nutanix Trading Up 0.0%

Shares of NASDAQ:NTNX opened at $75.29 on Friday. The stock’s 50-day moving average price is $74.47 and its two-hundred day moving average price is $69.66. Nutanix has a 12-month low of $43.35 and a 12-month high of $83.36. The firm has a market cap of $20.18 billion, a price-to-earnings ratio of 149.84, a PEG ratio of 6.84 and a beta of 0.69.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The firm had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. During the same period last year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, research analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $76.81, for a total value of $420,954,670.27. Following the transaction, the director now directly owns 5,480,468 shares of the company’s stock, valued at $420,954,747.08. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the completion of the transaction, the chief executive officer now directly owns 518,561 shares in the company, valued at $38,892,075. This represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,552,549 shares of company stock valued at $426,621,281 in the last three months. Corporate insiders own 6.80% of the company’s stock.

Nutanix Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.