2,249 Shares in Nutanix, Inc. (NASDAQ:NTNX) Purchased by Capital Performance Advisors LLP

Capital Performance Advisors LLP acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,249 shares of the technology company’s stock, valued at approximately $133,000.

A number of other hedge funds also recently bought and sold shares of NTNX. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Nutanix in the first quarter valued at approximately $1,384,000. Janney Montgomery Scott LLC increased its stake in shares of Nutanix by 91.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 33,428 shares of the technology company’s stock worth $2,063,000 after acquiring an additional 15,942 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Nutanix during the 1st quarter worth $255,000. Empowered Funds LLC acquired a new position in shares of Nutanix during the 1st quarter valued at about $5,261,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Nutanix in the first quarter valued at about $271,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Trading Down 0.2 %

Shares of NASDAQ:NTNX opened at $70.30 on Friday. Nutanix, Inc. has a 1 year low of $37.28 and a 1 year high of $73.69. The firm’s 50-day moving average is $61.98 and its two-hundred day moving average is $58.75.

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

Analysts Set New Price Targets

NTNX has been the topic of a number of analyst reports. Piper Sandler lifted their target price 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. Morgan Stanley upgraded Nutanix from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $71.00 to $72.00 in a report on Monday, October 28th. JPMorgan Chase & Co. raised their target price on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Northland Securities lifted their target price on Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, August 30th. Finally, Royal Bank of Canada increased their price target on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $73.38.

Insider Activity

In related news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 $11,309,145.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

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.