Compass Ion Advisors LLC Takes $234,000 Position in Nutanix, Inc. (NASDAQ:NTNX)

Compass Ion Advisors LLC bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,787 shares of the technology company’s stock, valued at approximately $234,000.

A number of other institutional investors have also recently modified their holdings of NTNX. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Nutanix during the 4th quarter valued at $29,000. GAMMA Investing LLC bought a new stake in shares of Nutanix during the 4th quarter valued at $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of Nutanix during the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Nutanix during the 4th quarter worth $40,000. Finally, Fifth Third Bancorp bought a new stake in shares of Nutanix during the 4th quarter worth $62,000. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Performance

NASDAQ NTNX opened at $59.41 on Tuesday. Nutanix, Inc. has a 52-week low of $26.85 and a 52-week high of $73.69. The company has a 50-day simple moving average of $61.03 and a 200 day simple moving average of $58.49.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.12. The company had revenue of $524.58 million for the quarter, compared to analysts’ expectations of $516.13 million. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. As a group, analysts anticipate that Nutanix, Inc. will post 0.09 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total value of $3,434,688.33. Following the sale, the chief financial officer now owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Nutanix news, COO David Sangster sold 10,384 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the sale, the chief financial officer now directly owns 144,635 shares in the company, valued at approximately $9,368,008.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,965 shares of company stock valued at $5,965,961. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on NTNX. Raymond James upped their price objective on Nutanix from $72.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Northland Securities cut Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 target price for the company. in a report on Thursday, May 30th. Morgan Stanley lowered their target price on Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. JPMorgan Chase & Co. upped their target price on Nutanix from $70.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, May 24th. Finally, Susquehanna increased their price target on Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and a consensus price target of $72.00.

About Nutanix

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.