Cwm LLC Acquires 3,323 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Cwm LLC lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 39.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,664 shares of the technology company’s stock after purchasing an additional 3,323 shares during the quarter. Cwm LLC’s holdings in Nutanix were worth $663,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in Nutanix during the 1st quarter worth about $1,384,000. Cetera Investment Advisers boosted its position in Nutanix by 48.7% during the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock valued at $4,697,000 after purchasing an additional 24,918 shares during the last quarter. Vanguard Group Inc. boosted its position in Nutanix by 1.4% during the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock valued at $1,548,378,000 after purchasing an additional 346,414 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Nutanix by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 103,926 shares of the technology company’s stock valued at $4,956,000 after purchasing an additional 943 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Nutanix by 387.1% during the 1st quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock worth $162,229,000 after purchasing an additional 2,076,377 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $49.82 on Monday. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of -711.71, a P/E/G ratio of 4.45 and a beta of 1.16. The stock’s fifty day moving average price is $52.79 and its two-hundred day moving average price is $59.09. Nutanix, Inc. has a one year low of $29.18 and a one year high of $73.69.

Nutanix (NASDAQ:NTNX – Get Free Report) last announced its 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. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. The company had revenue of $524.58 million during the quarter, compared to analysts’ expectations of $516.13 million. On average, equities analysts anticipate that Nutanix, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley cut their price objective on Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. KeyCorp increased their price target on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Barclays lowered their price objective on shares of 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 downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Finally, Northland Securities downgraded Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 price target on the stock. in a research report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.00.

Get Our Latest Report on Nutanix

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 12,566 shares of Nutanix stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the completion of the sale, the chief financial officer now directly 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. In other news, CFO Rukmini Sivaraman sold 12,566 shares of the 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 sale, the chief financial officer now directly owns 144,902 shares of the company’s stock, valued at approximately $7,711,684.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 23,986 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $1,299,801.34. Following the completion of the transaction, the chief executive officer now directly owns 407,045 shares of the company’s stock, valued at approximately $22,057,768.55. The disclosure for this sale can be found here. Insiders have sold a total of 46,936 shares of company stock worth $2,531,273 in the last quarter. Corporate 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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