Cetera Advisors LLC Buys New Shares in Nutanix, Inc. (NASDAQ:NTNX)

Cetera Advisors LLC bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,888 shares of the technology company’s stock, valued at approximately $3,141,000.

Several other institutional investors and hedge funds also recently bought and sold shares of NTNX. M&T Bank Corp lifted its position in shares of Nutanix by 3.6% in the fourth quarter. M&T Bank Corp now owns 9,270 shares of the technology company’s stock valued at $442,000 after acquiring an additional 325 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Nutanix by 2.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 18,433 shares of the technology company’s stock worth $1,138,000 after purchasing an additional 369 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Nutanix by 49.7% in the first quarter. Venturi Wealth Management LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after purchasing an additional 401 shares during the last quarter. Motley Fool Asset Management LLC increased its holdings in shares of Nutanix by 10.7% in the first quarter. Motley Fool Asset Management LLC now owns 5,080 shares of the technology company’s stock worth $314,000 after purchasing an additional 489 shares during the last quarter. Finally, Sonen Capital LLC increased its holdings in shares of Nutanix by 3.0% in the fourth quarter. Sonen Capital LLC now owns 18,663 shares of the technology company’s stock worth $890,000 after purchasing an additional 545 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $44.77 on Monday. The firm has a market capitalization of $11.04 billion, a PE ratio of -674.62, a price-to-earnings-growth ratio of 4.45 and a beta of 1.16. The business has a 50 day simple moving average of $54.59 and a two-hundred day simple moving average of $59.36. Nutanix, Inc. has a 1 year low of $29.03 and a 1 year high of $73.69.

Nutanix (NASDAQ:NTNX – Get Free Report) last announced its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. The firm had revenue of $524.58 million during the quarter, compared to analyst estimates of $516.13 million. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. Equities research analysts expect that Nutanix, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NTNX. Northland Securities cut Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 target price on the stock. in a report on Thursday, May 30th. Barclays reduced their price objective on Nutanix from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Northland Capmk cut Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. boosted their price objective on Nutanix from $70.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. Finally, Royal Bank of Canada boosted their price objective on Nutanix from $72.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and an average target price of $72.00.

Get Our Latest Analysis on NTNX

Insider Activity at Nutanix

In related news, COO David Sangster sold 10,384 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the completion of the sale, the chief operating officer now owns 64,333 shares in the company, valued at $3,486,205.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total transaction of $668,762.52. Following the completion of the sale, the chief financial officer now owns 144,902 shares in the company, valued at $7,711,684.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO David Sangster sold 10,384 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,936 shares of company stock worth $2,531,273. Company insiders own 0.46% of the company’s stock.

Nutanix Profile

(Free Report)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.

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