Edmonds Duncan Registered Investment Advisors LLC Sells 248 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Edmonds Duncan Registered Investment Advisors LLC decreased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Nutanix during the 4th quarter valued at $29,000. GAMMA Investing LLC purchased a new position in Nutanix during the 4th quarter valued at about $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of Nutanix during the fourth quarter valued at about $37,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Nutanix during the fourth quarter valued at about $40,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Nutanix in the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Transactions at Nutanix

In related news, CFO Rukmini Sivaraman sold 12,566 shares of Nutanix stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the sale, the chief financial officer now owns 144,902 shares in the company, valued at $7,711,684.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Rajiv Ramaswami sold 23,986 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $1,299,801.34. Following the completion of the transaction, the chief executive officer now owns 407,045 shares in the company, valued at approximately $22,057,768.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 12,566 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total value of $668,762.52. Following the completion of the sale, the chief financial officer now directly owns 144,902 shares in the company, valued at $7,711,684.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,965 shares of company stock worth $5,965,961. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NTNX. Raymond James boosted their price objective on shares of Nutanix from $72.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Susquehanna boosted their price target on shares of Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Wednesday, April 10th. Morgan Stanley lowered their price objective on Nutanix from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. Barclays reduced their target price on Nutanix from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Finally, Royal Bank of Canada increased their price target on shares of Nutanix from $72.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Nutanix Trading Up 1.1 %

NTNX stock traded up $0.65 during midday trading on Tuesday, hitting $60.06. The company had a trading volume of 948,460 shares, compared to its average volume of 2,722,317. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of -848.59, a PEG ratio of 15.27 and a beta of 1.16. Nutanix, Inc. has a 52 week low of $26.85 and a 52 week high of $73.69. The stock’s 50 day moving average price is $61.03 and its 200 day moving average price is $58.49.

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

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.