Amalgamated Bank Sells 402 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Amalgamated Bank lessened its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,784 shares of the technology company’s stock after selling 402 shares during the quarter. Amalgamated Bank’s holdings in Nutanix were worth $817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. QRG Capital Management Inc. grew its position in shares of Nutanix by 8.9% during the third quarter. QRG Capital Management Inc. now owns 10,482 shares of the technology company’s stock worth $621,000 after purchasing an additional 859 shares in the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of Nutanix by 16.1% during the third quarter. Arcadia Investment Management Corp MI now owns 3,600 shares of the technology company’s stock valued at $213,000 after acquiring an additional 500 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Nutanix by 76.9% in the third quarter. Stephens Investment Management Group LLC now owns 162,284 shares of the technology company’s stock worth $9,615,000 after acquiring an additional 70,523 shares during the period. First Trust Direct Indexing L.P. increased its holdings in Nutanix by 10.0% during the third quarter. First Trust Direct Indexing L.P. now owns 4,246 shares of the technology company’s stock valued at $252,000 after buying an additional 385 shares during the period. Finally, Smith Group Asset Management LLC lifted its stake in shares of Nutanix by 21.4% during the 3rd quarter. Smith Group Asset Management LLC now owns 27,209 shares of the technology company’s stock worth $1,612,000 after purchasing an additional 4,790 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $71.09 on Friday. Nutanix, Inc. has a one year low of $38.60 and a one year high of $73.69. The company has a 50-day simple moving average of $62.54 and a 200-day simple moving average of $58.96. The stock has a market capitalization of $18.85 billion, a price-to-earnings ratio of -137.90, a PEG ratio of 14.64 and a beta of 1.17.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The company had revenue of $547.95 million during the quarter, compared to analysts’ expectations of $537.12 million. As a group, research analysts forecast that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

NTNX has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their target price 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. Piper Sandler increased their target price on Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Oppenheimer assumed coverage on Nutanix in a report on Wednesday. They set an “outperform” rating and a $80.00 target price on the stock. Raymond James raised their target price on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley raised Nutanix from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $71.00 to $72.00 in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and an average target price of $73.86.

About Nutanix

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.