Simmons Bank Has $255,000 Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Simmons Bank trimmed its position in Nutanix, Inc. (NASDAQ:NTNX) by 12.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,300 shares of the technology company’s stock after selling 637 shares during the quarter. Simmons Bank’s holdings in Nutanix were worth $255,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Nutanix in the 2nd quarter worth about $25,000. ORG Wealth Partners LLC acquired a new position in shares of Nutanix in the 3rd quarter valued at about $27,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Nutanix in the second quarter worth approximately $32,000. GAMMA Investing LLC boosted its holdings in shares of Nutanix by 35.2% during the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after purchasing an additional 243 shares during the period. Finally, Signaturefd LLC increased its stake in Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock valued at $57,000 after buying an additional 350 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NTNX opened at $71.09 on Friday. Nutanix, Inc. has a 52 week low of $38.60 and a 52 week high of $73.69. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of -136.71, a PEG ratio of 14.64 and a beta of 1.17. The business’s fifty day moving average price is $62.54 and its two-hundred day moving average price is $58.96.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. The company had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. As a group, research analysts forecast that Nutanix, Inc. will post 0.27 EPS for the current year.

Insider Buying and Selling

In other news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. The trade was a 8.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the sale, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on NTNX. Northland Securities boosted their price target on shares of Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, August 30th. Piper Sandler boosted their target price on Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Raymond James lifted their price target on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Bank of America increased their price objective on Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of 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 and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and an average target price of $73.86.

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.