CWA Asset Management Group LLC Purchases Shares of 17,808 Nutanix, Inc. (NASDAQ:NTNX)

CWA Asset Management Group LLC acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,808 shares of the technology company's stock, valued at approximately $1,055,000.

Several other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in Nutanix by 29.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company's stock worth $269,024,000 after purchasing an additional 985,421 shares during the period. Driehaus Capital Management LLC raised its stake in Nutanix by 123.9% in the second quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company's stock valued at $81,593,000 after purchasing an additional 794,215 shares in the last quarter. Marshall Wace LLP raised its stake in Nutanix by 47.5% in the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock valued at $84,308,000 after purchasing an additional 477,838 shares in the last quarter. Jericho Capital Asset Management L.P. raised its stake in Nutanix by 13.1% in the first quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company's stock valued at $246,196,000 after purchasing an additional 462,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Nutanix by 1.4% during the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company's stock valued at $1,548,378,000 after acquiring an additional 346,414 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Stock Up 1.6 %

NASDAQ NTNX traded up $1.10 during trading hours on Monday, hitting $71.40. 746,376 shares of the company were exchanged, compared to its average volume of 2,495,898. The company has a 50 day moving average of $61.98 and a two-hundred day moving average of $58.72. Nutanix, Inc. has a 52-week low of $38.43 and a 52-week high of $73.69. The firm has a market cap of $18.94 billion, a price-to-earnings ratio of -135.19, a PEG ratio of 14.25 and a beta of 1.17.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The business had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. On average, equities research analysts predict that Nutanix, Inc. will post 0.27 EPS for the current year.

Insider Activity

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the firm'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 value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now directly owns 192,169 shares of the company's stock, valued at $11,309,145.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer now owns 192,169 shares of the company's stock, valued at approximately $11,309,145.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO David Sangster sold 11,950 shares of Nutanix 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 completion of the sale, the chief operating officer now directly owns 123,868 shares of the company's stock, valued at approximately $7,411,022.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Nutanix from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $71.00 to $72.00 in a report on Monday, October 28th. Barclays boosted their price target on Nutanix from $71.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, August 29th. Royal Bank of Canada boosted their price objective on Nutanix from $70.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. upped their price objective on Nutanix from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Finally, Northland Securities increased their price target on Nutanix from $71.00 to $74.00 and gave the company a "market perform" rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $73.38.

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.