Atria Investments Inc Increases Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Atria Investments Inc raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 29.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,058 shares of the technology company’s stock after acquiring an additional 1,147 shares during the period. Atria Investments Inc’s holdings in Nutanix were worth $300,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Nutanix during the second quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new stake in Nutanix in the 3rd quarter valued at about $27,000. Itau Unibanco Holding S.A. bought a new position in shares of Nutanix during the 2nd quarter worth approximately $32,000. GAMMA Investing LLC boosted its stake in shares of Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after buying an additional 243 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Nutanix by 57.8% in the third quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock valued at $57,000 after acquiring an additional 350 shares in the last quarter. 85.25% of the stock is currently owned by 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 shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the sale, the chief operating officer now owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This represents a 8.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the 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 transaction, the chief financial officer now directly owns 192,169 shares in the company, valued at approximately $11,309,145.65. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Nutanix Stock Up 3.2 %

NTNX opened at $73.18 on Friday. The business’s fifty day simple moving average is $63.90 and its 200 day simple moving average is $59.37. Nutanix, Inc. has a 52 week low of $40.33 and a 52 week high of $73.69. The stock has a market cap of $19.41 billion, a PE ratio of -140.73, a P/E/G ratio of 13.01 and a beta of 1.17.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The firm had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. As a group, equities analysts anticipate that Nutanix, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NTNX. Raymond James boosted their price objective on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price objective on shares of Nutanix 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 stock an “outperform” rating in a research report on Thursday, August 29th. Barclays lifted their price target on Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.86.

Nutanix Company 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.