Handelsbanken Fonder AB Grows Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Handelsbanken Fonder AB raised its position in Nutanix, Inc. (NASDAQ:NTNX) by 1,019.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 442,300 shares of the technology company’s stock after buying an additional 402,800 shares during the quarter. Handelsbanken Fonder AB owned about 0.18% of Nutanix worth $21,093,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NTNX. BluePath Capital Management LLC acquired a new position in Nutanix in the 3rd quarter valued at $31,000. Fifth Third Bancorp acquired a new position in shares of Nutanix during the 4th quarter worth $62,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Nutanix during the 3rd quarter worth $107,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Nutanix during the 3rd quarter worth $143,000. Finally, CWM LLC grew its stake in shares of Nutanix by 7.8% during the 3rd quarter. CWM LLC now owns 4,527 shares of the technology company’s stock worth $158,000 after purchasing an additional 328 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Trading Up 1.9 %

Shares of NTNX stock opened at $59.86 on Tuesday. Nutanix, Inc. has a 1-year low of $23.34 and a 1-year high of $66.99. The firm’s 50-day simple moving average is $61.91 and its 200-day simple moving average is $50.96.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The company had revenue of $565.23 million for the quarter, compared to analysts’ expectations of $551.82 million. On average, equities research analysts forecast that Nutanix, Inc. will post -0.04 EPS for the current year.

Insider Buying and Selling

In related news, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the sale, the chief financial officer now owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Nutanix news, insider Tyler Wall sold 15,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total value of $933,750.00. Following the completion of the sale, the insider now owns 13,168 shares of the company’s stock, valued at $819,708. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the sale, the chief financial officer now directly owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,506 shares of company stock valued at $8,270,938. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NTNX shares. Bank of America upped their price target on shares of Nutanix from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Piper Sandler upped their price target on shares of Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. JMP Securities increased their price objective on shares of Nutanix from $50.00 to $70.00 and gave the company a “market outperform” rating in a research note on Monday, February 5th. Finally, William Blair raised shares of Nutanix from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.17.

Nutanix Company 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.