Focus Partners Advisor Solutions LLC increased its holdings in shares of Nutanix (NASDAQ:NTNX – Free Report) by 36.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,095 shares of the technology company’s stock after acquiring an additional 6,132 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Nutanix were worth $1,765,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Nutanix by 42.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $38,000 after buying an additional 150 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in Nutanix by 2.6% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 6,489 shares of the technology company’s stock worth $496,000 after buying an additional 162 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Nutanix by 4.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company’s stock worth $291,000 after buying an additional 177 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Nutanix by 2.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 9,199 shares of the technology company’s stock worth $703,000 after buying an additional 180 shares in the last quarter. Finally, Liberty One Investment Management LLC lifted its holdings in Nutanix by 10.9% during the 1st quarter. Liberty One Investment Management LLC now owns 3,104 shares of the technology company’s stock worth $217,000 after buying an additional 304 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.
Nutanix Trading Up 0.4%
NASDAQ:NTNX opened at $70.02 on Monday. Nutanix has a 1 year low of $54.66 and a 1 year high of $83.36. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 109.41, a PEG ratio of 6.74 and a beta of 0.51. The stock has a 50-day moving average price of $71.96 and a two-hundred day moving average price of $72.75.
Analyst Ratings Changes
Several research firms have issued reports on NTNX. JPMorgan Chase & Co. reduced their price objective on Nutanix from $90.00 to $81.00 and set an “overweight” rating on the stock in a report on Thursday, August 28th. Needham & Company LLC reduced their price objective on Nutanix from $92.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 28th. Northland Securities set a $76.00 price objective on Nutanix in a report on Thursday, October 9th. The Goldman Sachs Group initiated coverage on Nutanix in a research report on Tuesday, July 15th. They issued a “buy” rating and a $95.00 price target on the stock. Finally, Barclays decreased their price objective on Nutanix from $94.00 to $82.00 and set an “overweight” rating for the company in a research note on Thursday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and a consensus price target of $87.67.
Get Our Latest Report on Nutanix
Insider Buying and Selling at Nutanix
In other news, CFO Rukmini Sivaraman sold 11,391 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the completion of the transaction, the chief financial officer directly owned 254,637 shares of the company’s stock, valued at $19,948,262.58. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 144,707 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total value of $11,058,508.94. Following the transaction, the chief executive officer directly owned 524,608 shares of the company’s stock, valued at $40,090,543.36. This represents a 21.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,598 shares of company stock valued at $12,218,560. Company insiders own 2.40% 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.
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