Edmonds Duncan Registered Investment Advisors LLC Decreases Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Edmonds Duncan Registered Investment Advisors LLC lessened its stake in Nutanix, Inc. (NASDAQ:NTNX) by 4.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 5,116 shares of the technology company’s stock after selling 248 shares during the quarter. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Nutanix were worth $316,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Nutanix in the 4th quarter worth approximately $29,000. GAMMA Investing LLC acquired a new stake in Nutanix in the fourth quarter valued at approximately $30,000. Kapitalo Investimentos Ltda purchased a new position in Nutanix in the fourth quarter worth $37,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Nutanix during the fourth quarter worth $40,000. Finally, Fifth Third Bancorp acquired a new position in shares of Nutanix during the fourth quarter worth $62,000. 85.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was 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 in the company, valued at $9,368,008.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nutanix news, COO David Sangster sold 10,384 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the transaction, the chief operating officer now directly owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value 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 three months, insiders have sold 99,965 shares of company stock worth $5,965,961. Insiders own 0.46% of the company’s stock.

Nutanix Stock Performance

Nutanix stock traded up $0.65 during trading on Tuesday, reaching $60.06. The company had a trading volume of 948,460 shares, compared to its average volume of 2,722,317. The firm has a market capitalization of $14.81 billion, a PE ratio of -848.59, a price-to-earnings-growth ratio of 15.27 and a beta of 1.16. The firm’s 50-day simple moving average is $61.03 and its 200 day simple moving average is $58.49. Nutanix, Inc. has a 1-year low of $26.85 and a 1-year high of $73.69.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.12. The business had revenue of $524.58 million for the quarter, compared to analyst estimates of $516.13 million. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. Analysts anticipate that Nutanix, Inc. will post 0.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on NTNX. Northland Capmk cut Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Morgan Stanley cut their price objective on Nutanix from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. Barclays decreased their target price on Nutanix from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. JPMorgan Chase & Co. upped their target price on Nutanix from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. Finally, Susquehanna raised their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and an average price target of $72.00.

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.