CWC Advisors LLC. Purchases New Holdings in Nutanix (NASDAQ:NTNX)

CWC Advisors LLC. purchased a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,656 shares of the technology company's stock, valued at approximately $325,000.

A number of other large investors also recently modified their holdings of NTNX. Charles Schwab Investment Management Inc. raised its stake in shares of Nutanix by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock valued at $88,271,000 after acquiring an additional 33,980 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Nutanix by 3.5% in the fourth quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company's stock valued at $593,000 after purchasing an additional 325 shares during the period. LPL Financial LLC raised its position in Nutanix by 4.8% during the 4th quarter. LPL Financial LLC now owns 71,732 shares of the technology company's stock worth $4,389,000 after purchasing an additional 3,276 shares during the last quarter. HighTower Advisors LLC bought a new position in Nutanix during the 4th quarter worth $234,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Nutanix by 69.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock worth $2,784,000 after buying an additional 16,374 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nutanix

In other Nutanix news, 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 transaction of $152,733.00. Following the transaction, the chief financial officer directly owned 209,070 shares in the company, valued at approximately $15,205,661.10. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $78.00, for a total transaction of $546,000.00. Following the transaction, the director directly owned 38,330 shares in the company, valued at $2,989,740. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,552,549 shares of company stock valued at $426,621,281 over the last three months. Corporate insiders own 6.80% of the company's stock.

Nutanix Stock Performance

Nutanix stock traded down $1.25 during mid-day trading on Tuesday, reaching $75.19. The stock had a trading volume of 2,606,197 shares, compared to its average volume of 2,536,585. The firm has a market capitalization of $20.16 billion, a PE ratio of 153.65, a price-to-earnings-growth ratio of 6.79 and a beta of 0.68. Nutanix has a fifty-two week low of $43.35 and a fifty-two week high of $83.36. The stock's 50-day simple moving average is $74.83 and its 200-day simple moving average is $69.78.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $638.98 million during 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%. Nutanix'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. On average, research analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of analyst reports. Morgan Stanley restated an "overweight" rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Needham & Company LLC reissued a "buy" rating and set a $92.00 target price on shares of Nutanix in a research report on Thursday, May 29th. Susquehanna boosted their price target on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Thursday, May 29th. KeyCorp assumed coverage on shares of Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price objective on the stock. Finally, Piper Sandler reiterated an "overweight" rating and set a $88.00 price objective (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.