29,628 Shares in Nutanix (NASDAQ:NTNX) Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,628 shares of the technology company's stock, valued at approximately $2,068,000.

Several other large investors have also added to or reduced their stakes in the business. Harbour Investments Inc. lifted its stake in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after acquiring an additional 418 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after acquiring an additional 191 shares during the last quarter. Colonial Trust Co SC acquired a new stake in Nutanix in the fourth quarter valued at $28,000. Fifth Third Bancorp lifted its stake in Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after acquiring an additional 250 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Nutanix in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Trading Up 1.8%

NTNX stock traded up $1.38 during mid-day trading on Friday, hitting $76.81. The stock had a trading volume of 1,289,764 shares, compared to its average volume of 2,534,094. Nutanix has a 52 week low of $43.35 and a 52 week high of $83.36. The firm has a market capitalization of $20.59 billion, a P/E ratio of 156.73, a P/E/G ratio of 7.09 and a beta of 0.67. The firm has a fifty day simple moving average of $75.79 and a 200 day simple moving average of $70.05.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The firm had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. During the same period last year, the firm earned $0.28 EPS. The business's quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction that occurred on Thursday, June 26th. The shares were 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 in the company, valued at $38,892,075. This trade represents a 0.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Virginia Gambale sold 7,000 shares of Nutanix 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 sale, the director owned 38,330 shares in the company, valued at approximately $2,989,740. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,552,549 shares of company stock valued at $426,621,281. 6.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Susquehanna increased their price target on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Needham & Company LLC reiterated a "buy" rating and issued a $92.00 price target 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 report on Tuesday, May 20th. KeyCorp began coverage on shares of Nutanix in a research report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price objective on the stock. Finally, Morgan Stanley reissued an "overweight" rating and issued a $90.00 price objective (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. 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 stock. According to MarketBeat, Nutanix currently has an average rating of "Moderate Buy" and a consensus 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.