Optimist Retirement Group LLC Takes $421,000 Position in Nutanix (NASDAQ:NTNX)

Optimist Retirement Group LLC purchased a new stake in Nutanix (NASDAQ:NTNX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,031 shares of the technology company's stock, valued at approximately $421,000.

Other institutional investors have also recently bought and sold shares of the company. Harbour Investments Inc. lifted its position in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after purchasing an additional 418 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted 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 worth $30,000 after purchasing an additional 191 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of Nutanix in the fourth quarter worth $28,000. Fifth Third Bancorp lifted 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 worth $35,000 after purchasing an additional 250 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in shares of Nutanix in the fourth quarter worth $70,000. Institutional investors own 85.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Piper Sandler reiterated an "overweight" rating and issued a $88.00 price objective (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Needham & Company LLC reiterated a "buy" rating and issued a $92.00 price objective 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 objective on the stock. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price objective (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

Nutanix Stock Up 0.9%

Shares of Nutanix stock traded up $0.71 during trading on Friday, reaching $75.55. The company's stock had a trading volume of 1,427,778 shares, compared to its average volume of 2,464,114. The business's 50-day moving average price is $76.39 and its 200-day moving average price is $70.84. The firm has a market cap of $20.25 billion, a PE ratio of 154.18, a P/E/G ratio of 6.98 and a beta of 0.67. Nutanix has a 52 week low of $43.35 and a 52 week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. Equities analysts predict that Nutanix will post 0.31 earnings per share for the current year.

Insider Activity

In related news, Director Virginia Gambale sold 7,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $2,989,740. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $75.00, for a total transaction of $144,375.00. Following the sale, the chief executive officer directly owned 518,561 shares of the company's stock, valued at $38,892,075. This represents a 0.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,552,549 shares of company stock worth $426,621,281. 6.80% of the stock is owned by company insiders.

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.