Nutanix $NTNX Shares Newly Purchased by MBL Wealth LLC

MBL Wealth LLC bought a new stake in shares of Nutanix (NASDAQ:NTNX – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,961 shares of the technology company’s stock, valued at approximately $561,000.

Other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its holdings in Nutanix by 1.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 9,460 shares of the technology company’s stock worth $666,000 after purchasing an additional 155 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Nutanix by 43.8% in the second quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company’s stock valued at $29,000 after buying an additional 176 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of Nutanix by 28.6% during the 2nd quarter. CoreCap Advisors LLC now owns 900 shares of the technology company’s stock worth $46,000 after buying an additional 200 shares in the last quarter. Doliver Advisors LP boosted its holdings in shares of Nutanix by 3.0% during the 3rd quarter. Doliver Advisors LP now owns 7,657 shares of the technology company’s stock worth $539,000 after buying an additional 221 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Nutanix by 41.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 876 shares of the technology company’s stock worth $62,000 after buying an additional 258 shares in 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 $70.58 on Friday. Nutanix has a twelve month low of $34.01 and a twelve month high of $75.98. The stock’s 50 day moving average is $69.02 and its 200-day moving average is $56.50. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $19.10 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 3.50 and a beta of 0.64.

Nutanix (NASDAQ:NTNX – Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.11. The business had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. Nutanix’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 EPS. Sell-side analysts forecast that Nutanix will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings raised shares of Nutanix from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. KeyCorp lifted 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 Monday, August 24th. Zacks Research downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Piper Sandler reissued an “overweight” rating and set a $75.00 target price (up from $60.00) on shares of Nutanix in a research note on Thursday, August 27th. Finally, Rosenblatt Securities increased their target price on shares of Nutanix from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $73.07.

Check Out Our Latest Stock Report on NTNX

Insider Buying and Selling at Nutanix

In other news, Director Teresa Sheppard sold 3,500 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $73.67, for a total transaction of $257,845.00. Following the completion of the sale, the director directly owned 23,488 shares of the company’s stock, valued at $1,730,360.96. The trade was a 12.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 324,955 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $73.57, for a total transaction of $23,906,939.35. Following the sale, the chief executive officer directly owned 489,384 shares of the company’s stock, valued at approximately $36,003,980.88. The trade was a 39.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 674,351 shares of company stock valued at $49,736,524. Corporate insiders own 2.40% of the company’s stock.

About Nutanix

(Free Report)

Nutanix, Inc is a cloud computing and enterprise software company that provides infrastructure and platform services for running applications across private, hybrid and multicloud environments. Its products are designed to simplify the management of data centers and cloud resources by combining computing, storage, virtualization, networking and data services within a unified software platform.

The company’s offerings include the Nutanix Cloud Platform, which supports enterprise applications and workloads across on-premises infrastructure and public clouds.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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