Dakota Wealth Management purchased a new position in Nutanix (NASDAQ:NTNX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,665 shares of the technology company's stock, valued at approximately $884,000.
Other hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. lifted its position 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 worth $27,000 after purchasing an additional 418 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake 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 worth $30,000 after acquiring an additional 191 shares during the period. Colonial Trust Co SC purchased a new stake in shares of Nutanix in the fourth quarter worth about $28,000. Fifth Third Bancorp boosted its stake in shares of 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 buying an additional 250 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in Nutanix during the fourth quarter worth $70,000. Hedge funds and other institutional investors own 85.25% of the company's stock.
Insider Buying and Selling at Nutanix
In related news, CEO Rajiv Ramaswami sold 1,925 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the sale, the chief executive officer directly owned 518,561 shares of the company's stock, valued at approximately $38,892,075. This represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Virginia Gambale sold 7,000 shares of the 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 completion of the sale, the director directly owned 38,330 shares in the company, valued at approximately $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 sold a total of 5,552,549 shares of company stock valued at $426,621,281 in the last quarter. Insiders own 6.80% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on NTNX. Piper Sandler reaffirmed an "overweight" rating and set a $88.00 price objective (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. 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. Raymond James Financial cut shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Wall Street Zen cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. Finally, Needham & Company LLC restated a "buy" rating and issued a $92.00 price objective on shares of Nutanix in a report on Thursday, May 29th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Nutanix has a consensus rating of "Moderate Buy" and an average target price of $91.00.
Check Out Our Latest Analysis on Nutanix
Nutanix Stock Performance
Nutanix stock traded up $0.71 during trading hours on Friday, reaching $75.55. 1,427,778 shares of the stock were exchanged, compared to its average volume of 2,464,114. The stock has a market cap of $20.25 billion, a P/E ratio of 154.18, a P/E/G ratio of 6.98 and a beta of 0.67. Nutanix has a 52-week low of $43.35 and a 52-week high of $83.36. The firm's 50 day moving average is $76.39 and its 200 day moving average is $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 for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The business had revenue of $638.98 million for the quarter, compared to analysts' expectations of $626.12 million. During the same period in the prior year, the company posted $0.28 EPS. The business's revenue for the quarter was up 21.8% on a year-over-year basis. Equities research analysts expect that Nutanix will post 0.31 EPS for the current fiscal year.
About Nutanix
(
Free Report)
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.
Further Reading
Before you consider Nutanix, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nutanix wasn't on the list.
While Nutanix currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
