Meeder Asset Management Inc. Sells 632 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Meeder Asset Management Inc. lessened its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,487 shares of the technology company’s stock after selling 632 shares during the quarter. Meeder Asset Management Inc.’s holdings in Nutanix were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NTNX. Quest Partners LLC lifted its holdings in shares of Nutanix by 107.8% during the third quarter. Quest Partners LLC now owns 7,337 shares of the technology company’s stock valued at $435,000 after acquiring an additional 3,806 shares during the period. Claro Advisors LLC acquired a new stake in shares of Nutanix during the 3rd quarter worth about $207,000. CIBC Asset Management Inc lifted its holdings in Nutanix by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after purchasing an additional 233 shares during the last quarter. ING Groep NV bought a new position in Nutanix during the 3rd quarter valued at about $1,108,000. Finally, Aigen Investment Management LP acquired a new position in Nutanix in the third quarter valued at about $590,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Down 0.2 %

NASDAQ:NTNX opened at $68.44 on Wednesday. Nutanix, Inc. has a 12-month low of $39.15 and a 12-month high of $73.69. The stock’s fifty day simple moving average is $63.06 and its 200-day simple moving average is $59.12. The firm has a market capitalization of $18.15 billion, a P/E ratio of -131.62, a P/E/G ratio of 13.22 and a beta of 1.17.

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, topping analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $547.95 million for the quarter, compared to analysts’ expectations of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. As a group, equities research analysts expect that Nutanix, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NTNX shares. Morgan Stanley upgraded shares of Nutanix from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $71.00 to $72.00 in a research note on Monday, October 28th. JPMorgan Chase & Co. boosted their price objective on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Bank of America raised their target price on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Needham & Company LLC reissued a “buy” rating and set a $80.00 price objective on shares of Nutanix in a report on Thursday, August 29th. Finally, Raymond James raised their price objective on shares of Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and an average price target of $73.86.

Insider Buying and Selling at Nutanix

In other Nutanix news, COO David Sangster sold 11,950 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix 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 transaction, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% 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.