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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Colonial Trust Co SC acquired a new position in shares of Nutanix in the 4th quarter valued at $28,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 acquiring an additional 191 shares in the last quarter. GW&K Investment Management LLC purchased a new stake in shares of Nutanix during the 1st quarter worth about $30,000. Fifth Third Bancorp boosted its stake in shares of Nutanix by 98.4% during the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after acquiring an additional 250 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Nutanix during the 4th quarter worth about $70,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on NTNX. Citigroup raised shares of Nutanix to a "positive" rating in a research note on Tuesday, August 5th. Susquehanna increased their target price on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Thursday, May 29th. Piper Sandler reissued an "overweight" rating and set a $88.00 target price (up from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Raymond James Financial lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $92.00 price target on shares of Nutanix in a research note on Thursday, May 29th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $91.00.

Nutanix Stock Down 1.4%

NTNX traded down $0.98 during trading on Friday, reaching $71.60. The company's stock had a trading volume of 1,976,150 shares, compared to its average volume of 1,984,088. The firm has a fifty day simple moving average of $74.71 and a two-hundred day simple moving average of $71.92. Nutanix has a 1 year low of $48.54 and a 1 year high of $83.36. The company has a market cap of $19.19 billion, a price-to-earnings ratio of 146.12, a PEG ratio of 4.99 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 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 analyst estimates of $626.12 million. During the same period last year, the company posted $0.28 EPS. The business's revenue was up 21.8% on a year-over-year basis. As a group, equities analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other news, Director Virginia Gambale sold 7,000 shares of the firm's stock in a transaction that occurred on 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 owned 38,330 shares in the company, valued at $2,989,740. This trade represents a 15.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 61,057 shares of the firm'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 transaction of $4,823,503.00. Following the sale, the chief executive officer owned 497,309 shares of the company's stock, valued at $39,287,411. This represents a 10.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,552,549 shares of company stock valued at $426,621,281. Company insiders own 6.80% of the company's stock.

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.