Harel Insurance Investments & Financial Services Ltd. Purchases 27,432 Shares of Nutanix (NASDAQ:NTNX)

Harel Insurance Investments & Financial Services Ltd. increased its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 33.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,255 shares of the technology company's stock after acquiring an additional 27,432 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Nutanix were worth $7,627,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Teacher Retirement System of Texas acquired a new stake in shares of Nutanix in the 1st quarter worth about $2,596,000. Aaron Wealth Advisors LLC acquired a new stake in shares of Nutanix in the 1st quarter worth about $442,000. Summit Trail Advisors LLC acquired a new stake in shares of Nutanix in the 1st quarter worth about $1,393,000. Vontobel Holding Ltd. acquired a new stake in shares of Nutanix in the 1st quarter worth about $2,068,000. Finally, Amalgamated Bank raised its holdings in shares of Nutanix by 4.9% in the 1st quarter. Amalgamated Bank now owns 14,420 shares of the technology company's stock worth $1,007,000 after acquiring an additional 674 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Trading Up 0.2%

Shares of NTNX stock traded up $0.19 during trading hours on Monday, hitting $76.99. 1,642,879 shares of the company were exchanged, compared to its average volume of 2,530,529. The firm has a fifty day simple moving average of $75.79 and a 200 day simple moving average of $70.09. The stock has a market capitalization of $20.64 billion, a price-to-earnings ratio of 156.74, a P/E/G ratio of 7.09 and a beta of 0.67. Nutanix has a 52-week low of $43.35 and a 52-week 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 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The company 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 for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. Sell-side analysts anticipate that Nutanix will post 0.31 EPS for the current year.

Insider Buying and Selling 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 completion of the transaction, the chief financial officer directly owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Virginia Gambale sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total transaction of $546,000.00. Following the completion of the transaction, the director directly owned 38,330 shares of the company's stock, valued at approximately $2,989,740. This trade represents 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. Corporate insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several analyst reports. KeyCorp initiated coverage on shares of Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and issued a $92.00 price objective on shares of Nutanix in a research note on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and issued a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Susquehanna increased their price objective on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price objective (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $90.71.

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.