Nutanix $NTNX Shares Bought by Integrated Advisors Network LLC

Integrated Advisors Network LLC lifted its position in shares of Nutanix (NASDAQ:NTNX) by 37.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,106 shares of the technology company’s stock after purchasing an additional 8,750 shares during the quarter. Integrated Advisors Network LLC’s holdings in Nutanix were worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Nutanix by 1.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,460 shares of the technology company’s stock valued at $666,000 after buying an additional 155 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Nutanix by 43.8% during the second quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company’s stock worth $29,000 after purchasing an additional 176 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of Nutanix by 28.6% during the second quarter. CoreCap Advisors LLC now owns 900 shares of the technology company’s stock worth $46,000 after purchasing an additional 200 shares during the last quarter. Doliver Advisors LP increased its stake in shares of Nutanix by 3.0% in the third quarter. Doliver Advisors LP now owns 7,657 shares of the technology company’s stock valued at $539,000 after buying an additional 221 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of Nutanix by 41.7% in the third quarter. V Square Quantitative Management LLC now owns 876 shares of the technology company’s stock valued at $62,000 after buying an additional 258 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NTNX has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $75.00 price target (up from $60.00) on shares of Nutanix in a report on Thursday, August 27th. Bank of America reissued a “buy” rating on shares of Nutanix in a report on Thursday, August 27th. KeyCorp raised their price objective on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Morgan Stanley raised their price objective on shares of Nutanix from $55.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Finally, Zacks Research downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and a consensus price target of $73.07.

Nutanix Stock Up 2.8%

NASDAQ:NTNX opened at $70.11 on Thursday. The stock’s fifty day moving average price is $68.91 and its two-hundred day moving average price is $56.20. Nutanix has a 52-week low of $34.01 and a 52-week high of $75.98. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 57.80, a P/E/G ratio of 3.38 and a beta of 0.64.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $757.08 million for the quarter, compared to analyst estimates of $738.27 million. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. On average, analysts anticipate that Nutanix will post 1.17 EPS for the current year.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 324,955 shares of Nutanix stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $73.57, for a total value of $23,906,939.35. Following the completion of the sale, the chief executive officer directly owned 489,384 shares in the company, valued at $36,003,980.88. This trade represents a 39.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 232,712 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $74.55, for a total value of $17,348,679.60. Following the sale, the chief financial officer directly owned 92,775 shares of the company’s stock, valued at $6,916,376.25. This represents a 71.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 674,351 shares of company stock valued at $49,736,524 over the last 90 days. 2.40% of the stock is owned by company insiders.

Nutanix Profile

Nutanix, Inc is a cloud computing and enterprise software company that provides infrastructure and platform services for running applications across private, hybrid and multicloud environments. Its products are designed to simplify the management of data centers and cloud resources by combining computing, storage, virtualization, networking and data services within a unified software platform.

The company’s offerings include the Nutanix Cloud Platform, which supports enterprise applications and workloads across on-premises infrastructure and public clouds.