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

CWC Advisors LLC. acquired a new stake in Nutanix (NASDAQ:NTNX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,656 shares of the technology company's stock, valued at approximately $325,000.

Several other institutional investors also recently bought and sold shares of NTNX. Vanguard Group Inc. raised its holdings in Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock worth $1,568,447,000 after purchasing an additional 146,854 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Nutanix by 6.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock valued at $270,348,000 after buying an additional 268,400 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Nutanix by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock worth $263,275,000 after buying an additional 163,874 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Nutanix by 9.3% in the 4th quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company's stock worth $214,055,000 after buying an additional 297,754 shares in the last quarter. Finally, Norges Bank acquired a new stake in Nutanix in the 4th quarter valued at about $195,758,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nutanix

In related news, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $72.73, for a total value of $152,733.00. Following the transaction, the chief financial officer now owns 209,070 shares in the company, valued at approximately $15,205,661.10. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 61,057 shares of Nutanix stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the transaction, the chief executive officer now directly owns 497,309 shares in the company, valued at approximately $39,287,411. This trade represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,552,549 shares of company stock worth $426,621,281 in the last three months. Company insiders own 6.80% of the company's stock.

Nutanix Price Performance

NASDAQ:NTNX traded up $0.01 on Friday, reaching $75.29. The stock had a trading volume of 2,936,168 shares, compared to its average volume of 2,533,176. The company has a market cap of $20.18 billion, a price-to-earnings ratio of 153.65, a P/E/G ratio of 6.79 and a beta of 0.68. The firm's fifty day moving average is $74.47 and its two-hundred day moving average is $69.70. Nutanix has a 12-month low of $43.35 and a 12-month high of $83.36.

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

Analyst Ratings Changes

A number of brokerages have issued reports on NTNX. KeyCorp assumed coverage on shares of Nutanix in a research report on Thursday. They set an "overweight" rating and a $95.00 target price for the company. Susquehanna raised their price objective on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Thursday, May 29th. Wall Street Zen raised shares of Nutanix from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 22nd. Needham & Company LLC reissued a "buy" rating and set a $92.00 price objective on shares of Nutanix in a research note on Thursday, May 29th. Finally, Raymond James Financial cut shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of "Buy" and an average target price of $90.71.

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.