Nutanix (NASDAQ:NTNX) Shares Purchased by Blair William & Co. IL

Key Points

• Blair William & Co. IL has significantly increased its stake in Nutanix by 168.2%, now owning over 102,000 shares valued at approximately $7.12 million.
• Multiple analysts have issued positive ratings for Nutanix, with target prices rising to around $95.00, highlighting a favorable outlook in the market.
• In recent insider transactions, both the Director and CEO sold substantial shares, indicating a 15.44% and 10.93% decrease in their respective holdings.

Blair William & Co. IL increased its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 168.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,044 shares of the technology company's stock after purchasing an additional 63,991 shares during the quarter. Blair William & Co. IL's holdings in Nutanix were worth $7,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GW&K Investment Management LLC purchased a new stake in Nutanix during the 1st quarter worth about $30,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Nutanix by 78.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after buying an additional 191 shares during the last quarter. Colonial Trust Co SC purchased a new stake in Nutanix during the 4th quarter worth about $28,000. Fifth Third Bancorp lifted its holdings in shares of Nutanix by 98.4% in the 1st 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, Raiffeisen Bank International AG purchased a new stake in shares of Nutanix in the 4th quarter valued at about $70,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several research reports. KeyCorp initiated coverage on Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price for the company. Susquehanna boosted their target price on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a report on Thursday, May 29th. Morgan Stanley reissued an "overweight" rating and issued a $90.00 target price (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Needham & Company LLC reissued a "buy" rating and issued a $92.00 target price on shares of Nutanix in a report on Thursday, May 29th. Finally, Citigroup raised Nutanix to a "positive" rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $91.00.

Nutanix Trading Down 0.6%

NASDAQ NTNX opened at $73.30 on Wednesday. The business's 50 day moving average is $74.91 and its two-hundred day moving average is $71.76. Nutanix has a 12-month low of $46.19 and a 12-month high of $83.36. The stock has a market capitalization of $19.65 billion, a price-to-earnings ratio of 150.53, a PEG ratio of 5.14 and a beta of 0.71.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) 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 company had revenue of $638.98 million for the quarter, compared to analysts' expectations of $626.12 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm's quarterly revenue was up 21.8% on a year-over-year basis. Equities analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Nutanix news, Director Virginia Gambale sold 7,000 shares of the business'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 transaction, the director owned 38,330 shares in the company, valued at approximately $2,989,740. The trade was a 15.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 61,057 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 497,309 shares in the company, valued at $39,287,411. The trade was a 10.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,552,549 shares of company stock worth $426,621,281. Company insiders own 6.80% of the company's stock.

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.

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