Jackson Creek Investment Advisors LLC Makes New $284,000 Investment in Nutanix (NASDAQ:NTNX)

Jackson Creek Investment Advisors LLC purchased a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,068 shares of the technology company's stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NTNX. Harbour Investments Inc. raised its holdings in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after purchasing an additional 418 shares in the last quarter. Colonial Trust Co SC acquired a new stake in shares of Nutanix in the fourth quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after buying an additional 191 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Nutanix by 98.4% in 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. Finally, Raiffeisen Bank International AG bought a new position in shares of Nutanix in the fourth quarter worth about $70,000. Institutional investors own 85.25% of the company's stock.

Nutanix Stock Performance

NASDAQ:NTNX traded up $0.71 during mid-day trading on Friday, hitting $75.55. 1,427,778 shares of the company's stock traded hands, compared to its average volume of 2,464,114. The company has a fifty day moving average of $76.39 and a 200 day moving average of $70.84. The company has a market capitalization of $20.25 billion, a P/E ratio of 154.18, a P/E/G ratio of 6.98 and a beta of 0.67. Nutanix has a twelve month low of $43.35 and a twelve month high of $83.36.

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

Insiders Place Their Bets

In related news, CEO Rajiv Ramaswami sold 61,057 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the sale, the chief executive officer owned 497,309 shares of the company's stock, valued at approximately $39,287,411. This represents a 10.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Groen Max Pieter De sold 5,480,467 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the completion of the transaction, the director owned 5,480,468 shares of the company's stock, valued at $420,954,747.08. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,552,549 shares of company stock valued at $426,621,281. 6.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Piper Sandler reiterated an "overweight" rating and set a $88.00 target price (up from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Raymond James Financial downgraded Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. KeyCorp started coverage on Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price on the stock. Susquehanna raised their price objective on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Thursday, May 29th. Finally, Morgan Stanley reissued an "overweight" rating and set a $90.00 target price (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Nutanix has an average rating of "Moderate Buy" and an average target price of $91.00.

About Nutanix

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.