Blair William & Co. IL Purchases 1,186 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Blair William & Co. IL boosted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,004 shares of the technology company’s stock after acquiring an additional 1,186 shares during the period. Blair William & Co. IL’s holdings in Nutanix were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Nutanix by 35.2% during the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock valued at $53,000 after purchasing an additional 243 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Nutanix by 2.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,433 shares of the technology company’s stock worth $1,138,000 after buying an additional 369 shares during the period. Daiwa Securities Group Inc. boosted its position in Nutanix by 9.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the technology company’s stock valued at $256,000 after acquiring an additional 370 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Nutanix by 3.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 10,854 shares of the technology company’s stock valued at $615,000 after acquiring an additional 374 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of Nutanix by 5.8% in the 2nd quarter. CIBC Asset Management Inc now owns 6,803 shares of the technology company’s stock worth $387,000 after acquiring an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX stock opened at $60.82 on Monday. Nutanix, Inc. has a fifty-two week low of $33.52 and a fifty-two week high of $73.69. The firm has a market capitalization of $15.00 billion, a PE ratio of -868.86, a P/E/G ratio of 12.07 and a beta of 1.19. The stock’s 50-day simple moving average is $53.78 and its 200-day simple moving average is $58.79.

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

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the company’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 sale, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO David Sangster sold 11,950 shares of the stock in a transaction 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 directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NTNX. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of Nutanix in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Piper Sandler boosted their price objective on shares of Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Royal Bank of Canada increased their target price on shares of Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Barclays lifted their price target on shares of Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.31.

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.