Cwm LLC Has $4.89 Million Position in Nutanix (NASDAQ:NTNX)

CWM LLC lifted its position in Nutanix (NASDAQ:NTNX - Free Report) by 55.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,049 shares of the technology company's stock after acquiring an additional 25,045 shares during the quarter. CWM LLC's holdings in Nutanix were worth $4,890,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Harbour Investments Inc. raised its stake in shares of 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. Colonial Trust Co SC purchased a new position in shares of Nutanix during the 4th quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB grew 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 purchasing an additional 191 shares during the period. Fifth Third Bancorp increased its stake in Nutanix by 98.4% during the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after buying an additional 250 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in Nutanix in the 4th quarter valued at $70,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Wall Street Analyst Weigh In

NTNX has been the subject of several recent research reports. Piper Sandler reaffirmed an "overweight" rating and issued a $88.00 price target (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. 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 note on Tuesday, May 20th. Raymond James Financial cut shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. The Goldman Sachs Group assumed coverage on shares of Nutanix in a research note on Tuesday, July 15th. They set a "buy" rating and a $95.00 price target on the stock. Finally, Needham & Company LLC reissued a "buy" rating and issued a $92.00 target price on shares of Nutanix in a research report on Thursday, May 29th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.00.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 61,057 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total value of $4,823,503.00. Following the sale, the chief executive officer directly owned 497,309 shares in the company, valued at approximately $39,287,411. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the company's stock in a transaction 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 sale, the chief financial officer directly owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,552,549 shares of company stock valued at $426,621,281 over the last three months. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Up 0.9%

Shares of Nutanix stock traded up $0.71 during trading hours 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. Nutanix has a twelve month low of $43.35 and a twelve month high of $83.36. The company has a market cap of $20.25 billion, a PE ratio of 154.18, a PEG ratio of 6.98 and a beta of 0.67. The stock has a 50 day simple moving average of $76.39 and a 200-day simple moving average of $70.84.

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. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The business had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. During the same period in the prior year, the company posted $0.28 EPS. The business's revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts predict that Nutanix will post 0.31 EPS for the current year.

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.