Federated Hermes Inc. Increases Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Federated Hermes Inc. increased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 61.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,295,112 shares of the technology company’s stock after purchasing an additional 492,463 shares during the period. Federated Hermes Inc. owned 0.53% of Nutanix worth $61,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NTNX. FMR LLC lifted its holdings in Nutanix by 1.6% in the 3rd quarter. FMR LLC now owns 35,942,093 shares of the technology company’s stock worth $1,253,660,000 after buying an additional 578,189 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Nutanix by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company’s stock worth $626,094,000 after buying an additional 1,116,856 shares in the last quarter. BlackRock Inc. lifted its holdings in Nutanix by 1.2% in the 1st quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company’s stock worth $260,245,000 after buying an additional 117,982 shares in the last quarter. First Trust Advisors LP lifted its holdings in Nutanix by 4.0% in the 1st quarter. First Trust Advisors LP now owns 6,266,714 shares of the technology company’s stock worth $162,872,000 after buying an additional 238,396 shares in the last quarter. Finally, State Street Corp lifted its holdings in Nutanix by 6.1% in the 1st quarter. State Street Corp now owns 3,380,055 shares of the technology company’s stock worth $90,653,000 after buying an additional 195,522 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nutanix

In other Nutanix news, COO David Sangster sold 12,545 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $63.04, for a total value of $790,836.80. Following the sale, the chief operating officer now owns 70,192 shares in the company, valued at $4,424,903.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Steven J. Gomo sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the transaction, the director now owns 3,962 shares in the company, valued at $254,003.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David Sangster sold 12,545 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $63.04, for a total transaction of $790,836.80. Following the transaction, the chief operating officer now owns 70,192 shares in the company, valued at approximately $4,424,903.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,506 shares of company stock worth $8,270,938. 0.46% of the stock is owned by company insiders.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $58.75 on Friday. The firm’s 50-day moving average price is $61.84 and its two-hundred day moving average price is $50.55. Nutanix, Inc. has a 52-week low of $23.34 and a 52-week high of $66.99.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The firm had revenue of $565.23 million during the quarter, compared to analyst estimates of $551.82 million. On average, analysts predict that Nutanix, Inc. will post -0.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NTNX. William Blair upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 17th. Bank of America upped their target price on shares of Nutanix from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Royal Bank of Canada upped their target price on shares of Nutanix from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Morgan Stanley upped their target price on shares of Nutanix from $58.00 to $63.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Finally, StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 12th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and a consensus price target of $65.17.

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.