Colonial River Investments LLC Purchases New Stake in Nutanix, Inc. (NASDAQ:NTNX)

Colonial River Investments LLC purchased a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,408 shares of the technology company's stock, valued at approximately $439,000.

Other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Nutanix in the 1st quarter valued at approximately $1,384,000. Cetera Investment Advisers grew its stake in shares of Nutanix by 48.7% in the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company's stock valued at $4,697,000 after buying an additional 24,918 shares in the last quarter. Diversified Trust Co grew its stake in shares of Nutanix by 46.7% in the 2nd quarter. Diversified Trust Co now owns 36,666 shares of the technology company's stock valued at $2,084,000 after buying an additional 11,668 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Nutanix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company's stock valued at $1,548,378,000 after buying an additional 346,414 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock valued at $84,308,000 after buying an additional 477,838 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NTNX shares. Barclays boosted their target price on Nutanix from $71.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Raymond James boosted their target price on Nutanix from $76.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Bank of America boosted their target price on Nutanix from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Piper Sandler boosted their target price on Nutanix from $76.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Finally, Morgan Stanley upgraded Nutanix from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $71.00 to $72.00 in a report on Monday, October 28th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Nutanix currently has an average rating of "Moderate Buy" and an average price target of $73.38.

Insider Buying and Selling at Nutanix

In other Nutanix news, COO David Sangster sold 11,950 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO David Sangster sold 11,950 shares of the 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 sale, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This represents a 0.00 % decrease in their ownership of the stock. 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 stock was sold at an average price of $58.85, for a total value 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 position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Nutanix Price Performance

Shares of NASDAQ NTNX traded down $0.15 during trading hours on Friday, reaching $70.30. The stock had a trading volume of 2,214,213 shares, compared to its average volume of 1,430,564. The business's fifty day moving average is $61.98 and its two-hundred day moving average is $58.74. The company has a market cap of $18.64 billion, a price-to-earnings ratio of -135.19, a PEG ratio of 13.54 and a beta of 1.17. Nutanix, Inc. has a twelve month low of $37.28 and a twelve month high of $73.69.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The business had revenue of $547.95 million during the quarter, compared to analyst estimates of $537.12 million. Sell-side analysts forecast that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Nutanix 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.