Sequoia Financial Advisors LLC Purchases New Holdings in Nutanix (NASDAQ:NTNX)

Sequoia Financial Advisors LLC purchased a new stake in Nutanix (NASDAQ:NTNX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,673 shares of the technology company's stock, valued at approximately $256,000.

Several other hedge funds have also made changes to their positions in the company. Harbour Investments Inc. lifted its position in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after buying an additional 418 shares in the last quarter. Colonial Trust Co SC purchased a new stake in Nutanix in the 4th quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB lifted its position in Nutanix by 78.0% in 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 in the last quarter. Fifth Third Bancorp lifted its position in Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after buying an additional 250 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Nutanix in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Trading Up 1.8%

NASDAQ:NTNX opened at $76.81 on Friday. Nutanix has a 1 year low of $43.35 and a 1 year high of $83.36. The firm's fifty day simple moving average is $75.60 and its 200 day simple moving average is $69.93. The firm has a market capitalization of $20.59 billion, a PE ratio of 153.94, a PEG ratio of 6.80 and a beta of 0.67.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted 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. 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 business posted $0.28 EPS. Nutanix's revenue was up 21.8% compared to the same quarter last year. As a group, analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Activity

In other Nutanix news, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $72.73, for a total value of $152,733.00. Following the completion of the sale, the chief financial officer directly owned 209,070 shares of the company's stock, valued at $15,205,661.10. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Groen Max Pieter De sold 5,480,467 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the completion of the sale, the director directly owned 5,480,468 shares of the company's stock, valued at approximately $420,954,747.08. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,552,549 shares of company stock valued at $426,621,281. 6.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NTNX shares. Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday. Needham & Company LLC reiterated a "buy" rating and issued a $92.00 target price on shares of Nutanix in a research report on Thursday, May 29th. Susquehanna increased their price target 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. Morgan Stanley restated an "overweight" rating and set a $90.00 price target (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Finally, Piper Sandler restated an "overweight" rating and set a $88.00 price target (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $90.71.

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.

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