Kaufman Rossin Wealth LLC Invests $349,000 in Nutanix $NTNX

Key Points

• Kaufman Rossin Wealth LLC made a new investment in Nutanix by purchasing 5,002 shares valued at approximately $349,000 during the first quarter.
• Institutional investors own 85.25% of Nutanix's stock, indicating strong institutional interest in the company.
• Despite a mixed outlook from analysts, Nutanix has a consensus rating of "Moderate Buy" and a current price target of $91.00.

Kaufman Rossin Wealth LLC purchased a new stake in shares of Nutanix (NASDAQ:NTNX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,002 shares of the technology company's stock, valued at approximately $349,000.

Other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in Nutanix by 69.7% during the first quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock valued at $2,784,000 after buying an additional 16,374 shares during the period. Amalgamated Bank increased its stake in shares of Nutanix by 4.9% in the first quarter. Amalgamated Bank now owns 14,420 shares of the technology company's stock worth $1,007,000 after purchasing an additional 674 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Nutanix by 63.7% in the first quarter. GAMMA Investing LLC now owns 2,768 shares of the technology company's stock worth $193,000 after purchasing an additional 1,077 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Nutanix in the first quarter worth about $2,596,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Nutanix in the first quarter worth about $256,000. Institutional investors own 85.25% of the company's stock.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the sale, the chief executive officer directly owned 518,561 shares in the company, valued at $38,892,075. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the sale, the director owned 5,480,468 shares of the company's stock, valued at approximately $420,954,747.08. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,491,492 shares of company stock valued at $421,797,778. Company insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

NTNX has been the subject of several recent research reports. Citigroup upgraded shares of Nutanix to a "positive" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group initiated coverage on shares of Nutanix in a research note on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price for the company. KeyCorp initiated coverage on shares of Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price for the company. Piper Sandler reiterated an "overweight" rating and issued a $88.00 target price (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $90.00 target price (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.00.

Nutanix Stock Up 1.3%

NASDAQ:NTNX traded up $0.85 during mid-day trading on Friday, hitting $68.79. 2,798,226 shares of the stock traded hands, compared to its average volume of 2,348,404. The business's 50-day moving average price is $73.35 and its 200 day moving average price is $72.00. The company has a market cap of $18.44 billion, a PE ratio of 140.39, a price-to-earnings-growth ratio of 4.54 and a beta of 0.71. Nutanix has a 12-month low of $52.18 and a 12-month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $638.98 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the company earned $0.28 earnings per share. Analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

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.