Gerber Kawasaki Wealth & Investment Management Sells 11,804 Shares of Nutanix $NTNX

Gerber Kawasaki Wealth & Investment Management decreased its position in Nutanix (NASDAQ:NTNX) by 11.8% in the third quarter, Holdings Channel.com reports. The firm owned 88,331 shares of the technology company’s stock after selling 11,804 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Nutanix were worth $6,219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Nutanix by 1.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,460 shares of the technology company’s stock valued at $666,000 after buying an additional 155 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Nutanix by 43.8% during the second quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company’s stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Nutanix by 28.6% during the second quarter. CoreCap Advisors LLC now owns 900 shares of the technology company’s stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. Doliver Advisors LP boosted its position in shares of Nutanix by 3.0% in the 3rd quarter. Doliver Advisors LP now owns 7,657 shares of the technology company’s stock worth $539,000 after purchasing an additional 221 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Nutanix by 41.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 876 shares of the technology company’s stock worth $62,000 after purchasing an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Needham & Company LLC began coverage on Nutanix in a research note on Monday, September 28th. They issued a “buy” rating and a $90.00 price target on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Nutanix in a research note on Tuesday, August 25th. KeyCorp boosted their target price on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. Bank of America reaffirmed a “buy” rating on shares of Nutanix in a research report on Thursday, August 27th. Finally, Oppenheimer upped their price target on shares of Nutanix from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.87.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $64.43 on Tuesday. Nutanix has a twelve month low of $34.01 and a twelve month high of $75.98. The firm has a market cap of $17.43 billion, a P/E ratio of 12.49, a PEG ratio of 3.60 and a beta of 0.64. The company has a 50 day moving average of $69.45 and a 200 day moving average of $52.59. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.92.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.11. The business had revenue of $757.08 million for the quarter, compared to analysts’ expectations of $738.27 million. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. As a group, research analysts expect that Nutanix will post 1.17 EPS for the current fiscal year.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 324,955 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $73.57, for a total transaction of $23,906,939.35. Following the completion of the sale, the chief executive officer directly owned 489,384 shares in the company, valued at $36,003,980.88. The trade was a 39.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Teresa Sheppard sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $73.67, for a total transaction of $257,845.00. Following the sale, the director directly owned 23,488 shares of the company’s stock, valued at approximately $1,730,360.96. This represents a 12.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 674,351 shares of company stock worth $49,736,524 over the last quarter. Company insiders own 2.30% of the company’s stock.

About Nutanix

Nutanix, Inc is a cloud computing and enterprise software company that provides infrastructure and platform services for running applications across private, hybrid and multicloud environments. Its products are designed to simplify the management of data centers and cloud resources by combining computing, storage, virtualization, networking and data services within a unified software platform.

The company’s offerings include the Nutanix Cloud Platform, which supports enterprise applications and workloads across on-premises infrastructure and public clouds.