Axxcess Wealth Management LLC Purchases 9,220 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Axxcess Wealth Management LLC raised its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 63.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,720 shares of the technology company's stock after purchasing an additional 9,220 shares during the quarter. Axxcess Wealth Management LLC's holdings in Nutanix were worth $1,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTNX. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Nutanix during the second quarter worth $25,000. ORG Wealth Partners LLC acquired a new position in shares of Nutanix during the third quarter worth $27,000. Itau Unibanco Holding S.A. acquired a new position in shares of Nutanix during the second quarter worth $32,000. GAMMA Investing LLC grew its stake in shares of Nutanix by 35.2% during the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company's stock worth $53,000 after purchasing an additional 243 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Nutanix by 57.8% during the third quarter. Signaturefd LLC now owns 956 shares of the technology company's stock worth $57,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

NTNX stock traded up $0.38 during midday trading on Tuesday, reaching $72.24. 1,514,842 shares of the company's stock traded hands, compared to its average volume of 2,494,773. The company has a market capitalization of $19.16 billion, a P/E ratio of -138.19, a PEG ratio of 14.25 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $38.43 and a fifty-two week high of $73.69. The business has a 50-day moving average price of $62.16 and a two-hundred day moving average price of $58.80.

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

Analyst Ratings Changes

NTNX has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of Nutanix from $70.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, August 29th. JPMorgan Chase & Co. upped their target price on shares of Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Morgan Stanley raised shares of Nutanix from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $71.00 to $72.00 in a report on Monday, October 28th. Barclays increased their price target on shares of Nutanix from $71.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Finally, Bank of America increased their price target on shares of Nutanix from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.38.

Insider Transactions at Nutanix

In related news, COO David Sangster sold 11,950 shares of the company's stock in a transaction on Monday, September 16th. The shares were 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 of the company's stock, valued at $7,411,022.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Rukmini Sivaraman sold 24,316 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO David Sangster sold 11,950 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.