12,665 Shares in Nutanix (NASDAQ:NTNX) Purchased by Dakota Wealth Management

Dakota Wealth Management bought a new stake in Nutanix (NASDAQ:NTNX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,665 shares of the technology company's stock, valued at approximately $884,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. raised its stake in Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after buying an additional 418 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after buying an additional 191 shares during the last quarter. Colonial Trust Co SC purchased a new position in Nutanix during the fourth quarter valued at $28,000. Fifth Third Bancorp raised its stake in Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after buying an additional 250 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in Nutanix during the fourth quarter valued at $70,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Stock Up 0.9%

NASDAQ:NTNX traded up $0.71 during mid-day trading on Friday, hitting $75.55. 1,427,778 shares of the company traded hands, compared to its average volume of 2,464,114. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 154.18, a price-to-earnings-growth ratio of 6.98 and a beta of 0.67. The stock's fifty day moving average price is $76.39 and its 200-day moving average price is $70.84. Nutanix has a one year low of $43.35 and a one year high of $83.36.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on NTNX. Piper Sandler reiterated an "overweight" rating and set a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. KeyCorp initiated coverage on Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price target for the company. 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. Wall Street Zen cut Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 30th. Finally, Needham & Company LLC restated a "buy" rating and issued a $92.00 price target on shares of Nutanix in a research note on Thursday, May 29th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $91.00.

Insiders Place Their Bets

In related news, CFO Rukmini Sivaraman sold 2,100 shares of the business's stock in a transaction dated Monday, June 16th. The stock was 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 in the company, valued at approximately $15,205,661.10. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 61,057 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the sale, the chief executive officer owned 497,309 shares in the company, valued at $39,287,411. This represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,552,549 shares of company stock worth $426,621,281. 6.80% of the stock is currently owned by insiders.

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.