Arkadios Wealth Advisors Has $1.56 Million Stake in Nutanix, Inc. (NASDAQ:NTNX)

Arkadios Wealth Advisors trimmed its position in Nutanix, Inc. (NASDAQ:NTNXGet Rating) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,288 shares of the technology company’s stock after selling 958 shares during the quarter. Arkadios Wealth Advisors’ holdings in Nutanix were worth $1,555,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NTNX. Woodline Partners LP raised its stake in shares of Nutanix by 1,643.6% in the fourth quarter. Woodline Partners LP now owns 1,478,004 shares of the technology company’s stock valued at $47,089,000 after purchasing an additional 1,393,239 shares in the last quarter. Vanguard Group Inc. grew its position in Nutanix by 5.0% in the first quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company’s stock valued at $626,094,000 after acquiring an additional 1,116,856 shares during the period. Wellington Management Group LLP grew its position in Nutanix by 6,627.1% in the first quarter. Wellington Management Group LLP now owns 991,370 shares of the technology company’s stock valued at $26,589,000 after acquiring an additional 976,633 shares during the period. Alyeska Investment Group L.P. grew its position in Nutanix by 52.3% in the first quarter. Alyeska Investment Group L.P. now owns 2,176,709 shares of the technology company’s stock valued at $58,379,000 after acquiring an additional 747,258 shares during the period. Finally, Primecap Management Co. CA grew its position in Nutanix by 18.4% in the first quarter. Primecap Management Co. CA now owns 4,195,735 shares of the technology company’s stock valued at $112,530,000 after acquiring an additional 653,020 shares during the period. 77.48% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Trading Down 0.6 %

Shares of NTNX stock opened at $21.66 on Friday. The stock has a 50-day moving average price of $18.59 and a 200 day moving average price of $20.21. Nutanix, Inc. has a 12 month low of $13.44 and a 12 month high of $42.69.

Nutanix (NASDAQ:NTNXGet Rating) last announced its quarterly earnings data on Wednesday, August 31st. The technology company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.21. The firm had revenue of $385.50 million during the quarter, compared to analyst estimates of $356.14 million. Nutanix’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.68) earnings per share. Equities analysts forecast that Nutanix, Inc. will post -1.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NTNX shares. William Blair cut Nutanix from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 26th. Morgan Stanley upped their price target on Nutanix from $18.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, September 1st. Wells Fargo & Company lowered their price target on Nutanix to $20.00 in a research report on Thursday, May 26th. Susquehanna Bancshares increased their target price on Nutanix to $30.00 in a report on Tuesday, September 6th. Finally, JMP Securities lowered their target price on Nutanix from $48.00 to $35.00 and set a “market outperform” rating for the company in a research note on Thursday, May 26th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.92.

Insiders Place Their Bets

In other news, CEO Rajiv Ramaswami sold 5,000 shares of Nutanix stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $22.90, for a total transaction of $114,500.00. Following the transaction, the chief executive officer now owns 267,576 shares in the company, valued at approximately $6,127,490.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Rajiv Ramaswami sold 5,000 shares of Nutanix stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $22.90, for a total value of $114,500.00. Following the sale, the chief executive officer now owns 267,576 shares of the company’s stock, valued at approximately $6,127,490.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 11,148 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $22.93, for a total value of $255,623.64. Following the transaction, the chief financial officer now directly owns 95,237 shares in the company, valued at approximately $2,183,784.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,852 shares of company stock worth $2,587,546. Insiders own 0.92% of the company’s stock.

Nutanix Company Profile

(Get Rating)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution.

Further Reading

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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