17,774 Shares in Nutanix (NASDAQ:NTNX) Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. bought a new position in Nutanix (NASDAQ:NTNX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,774 shares of the technology company's stock, valued at approximately $1,241,000.

A number of other large investors have also added to or reduced their stakes in NTNX. Colonial Trust Co SC acquired a new position in shares of Nutanix during the fourth quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after acquiring an additional 191 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after acquiring an additional 250 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Nutanix during the fourth quarter valued at about $70,000. Finally, True Wealth Design LLC increased its holdings in shares of Nutanix by 13.2% during the fourth quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock valued at $76,000 after acquiring an additional 146 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Performance

Shares of NASDAQ:NTNX traded up $0.69 during midday trading on Friday, reaching $74.69. 1,920,183 shares of the company's stock traded hands, compared to its average volume of 1,920,172. Nutanix has a 1 year low of $43.35 and a 1 year high of $83.36. The company has a market cap of $20.02 billion, a P/E ratio of 152.43, a PEG ratio of 6.90 and a beta of 0.67. The company has a fifty day simple moving average of $75.75 and a two-hundred day simple moving average of $71.25.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The business's revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. As a group, research analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NTNX shares. Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Susquehanna increased their price target on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. KeyCorp assumed coverage on shares of Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Nutanix in a report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Nutanix has a consensus rating of "Moderate Buy" and an average price target of $91.00.

Insider Transactions at Nutanix

In other Nutanix news, Director Virginia Gambale sold 7,000 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total value of $546,000.00. Following the completion of the sale, the director directly owned 38,330 shares of the company's stock, valued at $2,989,740. This trade represents a 15.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the completion of the sale, the chief financial officer directly owned 209,070 shares of the company's stock, valued at $15,205,661.10. This trade represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,552,549 shares of company stock worth $426,621,281. Company insiders own 6.80% of the company's stock.

Nutanix Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.