Federated Hermes Inc. Buys 492,463 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Federated Hermes Inc. raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 61.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,295,112 shares of the technology company’s stock after purchasing an additional 492,463 shares during the quarter. Federated Hermes Inc.’s holdings in Nutanix were worth $61,764,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Segantii Capital Management Ltd acquired a new stake in shares of Nutanix during the 3rd quarter valued at about $2,672,000. Lisanti Capital Growth LLC acquired a new stake in shares of Nutanix during the 3rd quarter valued at about $7,135,000. Allspring Global Investments Holdings LLC boosted its position in shares of Nutanix by 641.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 57,174 shares of the technology company’s stock valued at $1,994,000 after acquiring an additional 49,465 shares in the last quarter. Raymond James & Associates boosted its position in shares of Nutanix by 306.0% during the 4th quarter. Raymond James & Associates now owns 73,765 shares of the technology company’s stock valued at $3,518,000 after acquiring an additional 55,596 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Nutanix by 1,038.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 102,983 shares of the technology company’s stock valued at $3,592,000 after acquiring an additional 93,934 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 1.3 %

Shares of NTNX stock opened at $58.75 on Friday. Nutanix, Inc. has a 1 year low of $23.34 and a 1 year high of $66.99. The firm’s 50 day moving average is $61.84 and its 200-day moving average is $50.55.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. Equities research analysts anticipate that Nutanix, Inc. will post -0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. boosted their price target on shares of Nutanix from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. JMP Securities boosted their price target on shares of Nutanix from $50.00 to $70.00 and gave the company a “market outperform” rating in a research report on Monday, February 5th. Needham & Company LLC boosted their price target on shares of Nutanix from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Finally, StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 12th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and an average price target of $65.17.

Insider Transactions at Nutanix

In related news, insider Tyler Wall sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total transaction of $933,750.00. Following the completion of the sale, the insider now directly owns 13,168 shares of the company’s stock, valued at $819,708. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Steven J. Gomo sold 25,000 shares of the business’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 completion of the sale, the director now directly owns 3,962 shares of the company’s stock, valued at $254,003.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tyler Wall sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $62.25, for a total transaction of $933,750.00. Following the sale, the insider now directly owns 13,168 shares of the company’s stock, valued at $819,708. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,506 shares of company stock worth $8,270,938. Corporate insiders own 0.46% of the company’s stock.

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.