Daiwa Securities Group Inc. Has $1.06 Million Stake in Nutanix, Inc. (NASDAQ:NTNX)

Daiwa Securities Group Inc. lifted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 296.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,840 shares of the technology company’s stock after purchasing an additional 13,340 shares during the period. Daiwa Securities Group Inc.’s holdings in Nutanix were worth $1,057,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NTNX. CIBC Asset Management Inc increased its stake in shares of Nutanix by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after buying an additional 233 shares during the period. GAMMA Investing LLC boosted its holdings in Nutanix by 35.2% in the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock valued at $53,000 after acquiring an additional 243 shares during the last quarter. Paragon Capital Management Inc. raised its holdings in Nutanix by 1.0% during the 3rd quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock worth $1,545,000 after purchasing an additional 258 shares during the last quarter. Larson Financial Group LLC raised its holdings in Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after purchasing an additional 281 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX opened at $65.28 on Friday. The firm has a market cap of $17.31 billion, a P/E ratio of -186.51, a PEG ratio of 11.04 and a beta of 1.17. Nutanix, Inc. has a twelve month low of $42.22 and a twelve month high of $75.80. The firm’s 50 day moving average price is $64.88 and its two-hundred day moving average price is $59.45.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The business had revenue of $547.95 million for the quarter, compared to analysts’ expectations of $537.12 million. Nutanix had a negative net margin of 3.54% and a negative return on equity of 12.43%. On average, sell-side analysts anticipate that Nutanix, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Nutanix

In related news, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This trade represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Sangster sold 11,950 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value 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 position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several analyst reports. Bank of America lifted 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. Piper Sandler lifted their target price on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Morgan Stanley lifted their price objective on Nutanix from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and a consensus target price of $78.86.

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.