Truist Financial Corp lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 974.4% during the fourth quarter, Holdings Channel reports. The firm owned 211,787 shares of the technology company’s stock after acquiring an additional 192,075 shares during the quarter. Truist Financial Corp’s holdings in Nutanix were worth $6,749,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Accel Wealth Management acquired a new stake in shares of Nutanix during the fourth quarter worth about $26,000. Inspire Advisors LLC acquired a new position in Nutanix in the 4th quarter valued at about $33,000. Banque Cantonale Vaudoise increased its position in Nutanix by 100.0% in the 4th quarter. Banque Cantonale Vaudoise now owns 2,000 shares of the technology company’s stock valued at $64,000 after acquiring an additional 1,000 shares during the period. Twin Tree Management LP increased its position in Nutanix by 174.3% in the 4th quarter. Twin Tree Management LP now owns 3,130 shares of the technology company’s stock valued at $100,000 after acquiring an additional 1,989 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Nutanix in the 4th quarter valued at approximately $112,000. Institutional investors and hedge funds own 66.96% of the company’s stock.
NTNX has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Nutanix from $35.00 to $40.00 in a report on Thursday, February 25th. Needham & Company LLC boosted their price target on Nutanix from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, March 3rd. Morgan Stanley boosted their price target on Nutanix from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 4th. Oppenheimer reissued a “buy” rating and set a $40.00 price target on shares of Nutanix in a research note on Tuesday, March 9th. Finally, KeyCorp boosted their price target on Nutanix from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 3rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $35.07.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, February 24th. The technology company reported ($0.37) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.92) by $0.55. Nutanix had a negative return on equity of 1,175,319.00% and a negative net margin of 69.59%. As a group, research analysts anticipate that Nutanix, Inc. will post -3.9 earnings per share for the current year.
In other Nutanix news, major shareholder Dheeraj Pandey sold 1,210,000 shares of the business’s stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $26.50, for a total value of $32,065,000.00. Following the completion of the transaction, the insider now directly owns 886,000 shares in the company, valued at approximately $23,479,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Aaron Boynton sold 3,166 shares of the business’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $26.85, for a total value of $85,007.10. Following the completion of the transaction, the chief accounting officer now owns 26,880 shares of the company’s stock, valued at $721,728. The disclosure for this sale can be found here. Insiders sold a total of 1,252,555 shares of company stock valued at $33,207,602 over the last quarter. 6.66% of the stock is currently owned by insiders.
Nutanix, Inc develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis, an enterprise cloud platform that converges virtualization, enterprise storage services, and networking services; Nutanix Prism, a consumer-grade control plane, which provides management and analytics; and Acropolis Hypervisor, an enterprise-grade virtualization solution.
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