Nutanix (NASDAQ:NTNX) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 23.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,104 shares of the technology company's stock after acquiring an additional 4,375 shares during the period. Axxcess Wealth Management LLC's holdings in Nutanix were worth $1,613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. grew its stake in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after acquiring an additional 418 shares during the last quarter. Colonial Trust Co SC purchased a new stake in shares of Nutanix in the fourth quarter valued at about $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 last quarter. Fifth Third Bancorp grew its position in shares of Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after purchasing an additional 250 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after purchasing an additional 146 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Down 3.8%

Shares of NTNX opened at $73.61 on Friday. Nutanix has a fifty-two week low of $43.35 and a fifty-two week high of $83.36. The company's fifty day moving average is $76.34 and its two-hundred day moving average is $70.32. The firm has a market cap of $19.73 billion, a PE ratio of 156.22, a price-to-earnings-growth ratio of 7.07 and a beta of 0.67.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping 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 last year, the company posted $0.28 EPS. The business's quarterly revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts anticipate that Nutanix will post 0.31 earnings per share for the current year.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 1,925 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the transaction, the chief executive officer owned 518,561 shares of the company's stock, valued at approximately $38,892,075. This trade represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix stock in a transaction on Monday, June 16th. The shares were sold at an average price of $72.73, for a total transaction of $152,733.00. Following the transaction, the chief financial officer owned 209,070 shares in the company, valued at $15,205,661.10. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,552,549 shares of company stock worth $426,621,281 over the last 90 days. Company insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. KeyCorp initiated coverage on Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price on the stock. Raymond James Financial downgraded Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 price objective (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Wall Street Zen downgraded shares of 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 target price on shares of Nutanix in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.

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