Nutanix (NASDAQ:NTNX) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its position in Nutanix (NASDAQ:NTNX - Free Report) by 39.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,735 shares of the technology company's stock after purchasing an additional 28,003 shares during the period. LPL Financial LLC's holdings in Nutanix were worth $6,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in shares of Nutanix by 13.2% during the fourth quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock valued at $76,000 after acquiring an additional 146 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of Nutanix by 0.5% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock valued at $2,134,000 after acquiring an additional 159 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Nutanix by 4.4% during the first quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company's stock valued at $291,000 after acquiring an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after buying an additional 191 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in Nutanix by 5.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,588 shares of the technology company's stock valued at $220,000 after buying an additional 196 shares during the period. Institutional investors own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NTNX shares. Morgan Stanley reissued an "overweight" rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Raymond James Financial lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Piper Sandler reaffirmed an "overweight" rating and issued a $88.00 price target (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. The Goldman Sachs Group assumed coverage on shares of Nutanix in a report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price target on the stock. Finally, Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $91.00.

Insider Activity

In other Nutanix news, Director Groen Max Pieter De sold 5,480,467 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the completion of the transaction, the director owned 5,480,468 shares in the company, valued at approximately $420,954,747.08. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 2,100 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $72.73, for a total transaction of $152,733.00. Following the completion of the transaction, the chief financial officer 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,491,492 shares of company stock worth $421,797,778. 6.80% of the stock is currently owned by insiders.

Nutanix Stock Up 1.2%

Shares of NTNX stock traded up $0.84 on Wednesday, hitting $70.19. The company had a trading volume of 2,414,690 shares, compared to its average volume of 2,501,384. The firm has a market cap of $18.82 billion, a P/E ratio of 146.12, a price-to-earnings-growth ratio of 4.80 and a beta of 0.71. The company has a 50-day moving average price of $74.23 and a 200-day moving average price of $71.96. Nutanix has a twelve month low of $50.66 and a twelve 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $638.98 million during the quarter, compared to analysts' expectations of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The company's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. Equities research analysts expect that Nutanix will post 0.31 EPS for the current year.

Nutanix 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.