Aaron Wealth Advisors LLC Takes Position in Nutanix (NASDAQ:NTNX)

Aaron Wealth Advisors LLC purchased a new position in Nutanix (NASDAQ:NTNX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,327 shares of the technology company's stock, valued at approximately $442,000.

Other large investors also recently bought and sold shares of the company. Harbour Investments Inc. increased its position in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after purchasing an additional 418 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after purchasing an additional 191 shares during the last quarter. Colonial Trust Co SC bought a new stake in Nutanix in the fourth quarter worth $28,000. Fifth Third Bancorp increased its position in Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after purchasing an additional 250 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nutanix in the fourth quarter worth $40,000. Institutional investors own 85.25% of the company's stock.

Nutanix Stock Up 1.8%

NTNX stock traded up $1.38 during trading on Friday, hitting $76.81. The company had a trading volume of 1,289,764 shares, compared to its average volume of 2,534,094. The firm has a market capitalization of $20.59 billion, a P/E ratio of 156.74, a PEG ratio of 7.09 and a beta of 0.67. Nutanix has a 52-week low of $43.35 and a 52-week high of $83.36. The company has a 50 day simple moving average of $75.79 and a 200-day simple moving average of $70.09.

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

Insider Activity at Nutanix

In related news, Director Groen Max Pieter De sold 5,480,467 shares of the firm's stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Virginia Gambale sold 7,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $78.00, for a total transaction of $546,000.00. Following the completion of the transaction, the director directly owned 38,330 shares in the company, valued at $2,989,740. This represents a 15.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,552,549 shares of company stock worth $426,621,281. 6.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NTNX has been the topic of several research reports. Morgan Stanley restated an "overweight" rating and issued a $90.00 price target (up previously from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Raymond James Financial cut shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Piper Sandler restated an "overweight" rating and issued a $88.00 price target (up previously from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Wall Street Zen cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. Finally, KeyCorp started coverage on shares of Nutanix in a research report on Thursday, June 26th. They set an "overweight" rating and a $95.00 price objective on the stock. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.71.

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.