6,327 Shares in Nutanix (NASDAQ:NTNX) Bought by Aaron Wealth Advisors LLC

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

Other hedge funds also recently modified their holdings of the company. Harbour Investments Inc. lifted its stake 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 valued at $27,000 after purchasing an additional 418 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Nutanix by 78.0% in 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 during the period. Colonial Trust Co SC acquired a new position in Nutanix in the 4th quarter valued at approximately $28,000. Fifth Third Bancorp lifted 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 period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Nutanix in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Trading Up 1.8%

Shares of NASDAQ:NTNX traded up $1.38 on Friday, reaching $76.81. 1,289,764 shares of the company traded hands, compared to its average volume of 2,529,308. The stock has a market capitalization of $20.59 billion, a P/E ratio of 153.94, a price-to-earnings-growth ratio of 6.80 and a beta of 0.67. The business's 50-day simple moving average is $75.60 and its 200 day simple moving average is $69.93. Nutanix has a 52 week low of $43.35 and a 52 week high of $83.36.

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

Wall Street Analyst Weigh In

NTNX has been the subject of a number of research reports. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday. Piper Sandler reiterated an "overweight" rating and issued a $88.00 price objective (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 price target (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Susquehanna lifted their price objective on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Thursday, May 29th. Finally, Needham & Company LLC restated a "buy" rating and set a $92.00 target price on shares of Nutanix in a research report on Thursday, May 29th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.71.

Insider Activity

In other news, Director Groen Max Pieter De sold 5,480,467 shares of the company'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 directly owned 5,480,468 shares in the company, valued at approximately $420,954,747.08. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 61,057 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the completion of the transaction, the chief executive officer directly owned 497,309 shares in the company, valued at $39,287,411. This represents a 10.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,552,549 shares of company stock worth $426,621,281 over the last ninety days. Company insiders own 6.80% of the company's stock.

Nutanix Company 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.