Aaron Wealth Advisors LLC Makes New Investment in Nutanix (NASDAQ:NTNX)

Aaron Wealth Advisors LLC bought a new position in shares of Nutanix (NASDAQ:NTNX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,327 shares of the technology company’s stock, valued at approximately $442,000.

A number of other institutional investors also recently bought and sold shares of NTNX. Harbour Investments Inc. raised its stake in Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after purchasing an additional 418 shares during the period. Colonial Trust Co SC purchased a new position in Nutanix during the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB raised its stake in Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock worth $30,000 after purchasing an additional 191 shares during the period. Fifth Third Bancorp raised its stake in Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company’s stock worth $35,000 after purchasing an additional 250 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Nutanix during the fourth quarter worth about $40,000. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Price Performance

NTNX stock opened at $75.43 on Thursday. The company has a fifty day moving average price of $75.38 and a 200 day moving average price of $69.85. Nutanix has a 12 month low of $43.35 and a 12 month high of $83.36. The company has a market cap of $20.22 billion, a price-to-earnings ratio of 153.45, a price-to-earnings-growth ratio of 6.78 and a beta of 0.67.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The firm had revenue of $638.98 million during the quarter, compared to the consensus estimate of $626.12 million. During the same quarter in the prior year, the firm earned $0.28 EPS. Nutanix’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, analysts anticipate that Nutanix will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NTNX shares. Wall Street Zen cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $92.00 price target on shares of Nutanix in a research report on Thursday, May 29th. KeyCorp started coverage on shares of Nutanix in a research report on Thursday, June 26th. They set an “overweight” rating and a $95.00 price target for the company. Raymond James Financial cut shares of Nutanix from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 20th. Finally, Susquehanna lifted their price objective on shares of Nutanix from $90.00 to $95.00 and gave the company a “positive” rating in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and a consensus price target of $90.71.

Insider Activity

In other Nutanix news, Director Groen Max Pieter De sold 5,480,467 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the completion of the transaction, the director owned 5,480,468 shares in the company, valued at approximately $420,954,747.08. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 61,057 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the transaction, the chief executive officer owned 497,309 shares of the company’s stock, valued at approximately $39,287,411. The trade was a 10.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,552,549 shares of company stock worth $426,621,281 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

About Nutanix

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.