Delap Wealth Advisory LLC Grows Position in Nutanix, Inc. (NASDAQ:NTNX)

Delap Wealth Advisory LLC lifted its position in Nutanix, Inc. (NASDAQ:NTNX) by 19.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,659 shares of the technology company’s stock after purchasing an additional 760 shares during the quarter. Delap Wealth Advisory LLC’s holdings in Nutanix were worth $265,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NTNX. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Nutanix in the 1st quarter valued at $1,384,000. Cetera Investment Advisers boosted its stake in Nutanix by 48.7% during the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock worth $4,697,000 after buying an additional 24,918 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Nutanix by 46.7% in the second quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock valued at $2,084,000 after purchasing an additional 11,668 shares during the period. Vanguard Group Inc. grew its stake in shares of Nutanix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock valued at $1,548,378,000 after buying an additional 346,414 shares during the period. Finally, Nordea Investment Management AB increased its stake in Nutanix by 387.1% during the first quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock worth $162,229,000 after acquiring an additional 2,076,377 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nutanix

In other news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NTNX shares. Northland Capmk cut Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Bank of America raised their price target on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Raymond James boosted their price objective on shares of Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Royal Bank of Canada upped their target price on Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $80.00 price target on shares of Nutanix in a research note on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.31.

Nutanix Stock Performance

Nutanix stock opened at $60.82 on Friday. Nutanix, Inc. has a one year low of $33.52 and a one year high of $73.69. The company has a market cap of $15.00 billion, a P/E ratio of -868.86, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19. The business has a fifty day moving average of $53.78 and a two-hundred day moving average of $58.83.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $547.95 million for the quarter, compared to analysts’ expectations of $537.12 million. Nutanix had a negative return on equity of 7.88% and a negative net margin of 5.81%. Sell-side analysts predict that Nutanix, Inc. will post 0.27 EPS for the current year.

Nutanix Profile

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.