Simmons Bank Sells 637 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Simmons Bank cut its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 12.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,300 shares of the technology company’s stock after selling 637 shares during the quarter. Simmons Bank’s holdings in Nutanix were worth $255,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Nutanix during the second quarter worth $25,000. ORG Wealth Partners LLC acquired a new position in Nutanix in the 3rd quarter worth $27,000. Itau Unibanco Holding S.A. bought a new position in Nutanix during the 2nd quarter worth about $32,000. GAMMA Investing LLC increased its holdings in Nutanix by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after purchasing an additional 243 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock valued at $57,000 after purchasing an additional 350 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nutanix

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

Nutanix Stock Performance

Shares of NTNX opened at $71.09 on Friday. The firm’s 50-day simple moving average is $62.54 and its 200 day simple moving average is $58.96. The firm has a market cap of $18.85 billion, a P/E ratio of -136.71, a price-to-earnings-growth ratio of 14.64 and a beta of 1.17. Nutanix, Inc. has a 52 week low of $38.60 and a 52 week high of $73.69.

Nutanix (NASDAQ:NTNX) last announced its earnings results 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. The company had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. As a group, equities analysts forecast that Nutanix, Inc. will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on NTNX shares. JPMorgan Chase & Co. increased their price objective on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Needham & Company LLC reissued a “buy” rating and issued a $80.00 price objective on shares of Nutanix in a research report on Thursday, August 29th. Piper Sandler raised their target price on shares of Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Bank of America boosted their price target on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Raymond James raised their price objective on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.86.

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.