Cetera Investment Advisers Boosts Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Cetera Investment Advisers boosted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 48.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,103 shares of the technology company's stock after purchasing an additional 24,918 shares during the quarter. Cetera Investment Advisers' holdings in Nutanix were worth $4,697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTNX. Atlantic Edge Private Wealth Management LLC purchased a new stake in Nutanix in the 4th quarter worth $29,000. GAMMA Investing LLC purchased a new stake in shares of Nutanix in the fourth quarter worth about $30,000. Kapitalo Investimentos Ltda bought a new position in Nutanix during the fourth quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd purchased a new position in Nutanix during the 4th quarter valued at approximately $40,000. Finally, Fidelis Capital Partners LLC bought a new stake in Nutanix in the 1st quarter worth approximately $64,000. Institutional investors own 85.25% of the company's stock.

Insiders Place Their Bets

In related news, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the completion of the sale, the chief operating officer now directly owns 64,333 shares in the company, valued at $3,486,205.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the transaction, the chief operating officer now directly owns 64,333 shares of the company's stock, valued at $3,486,205.27. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 12,566 shares of the business's stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total transaction of $668,762.52. Following the completion of the transaction, the chief financial officer now directly owns 144,902 shares of the company's stock, valued at approximately $7,711,684.44. The disclosure for this sale can be found here. Insiders have sold 46,936 shares of company stock worth $2,531,273 in the last ninety days. 0.46% of the stock is owned by company insiders.

Nutanix Trading Up 3.6 %

Shares of NASDAQ NTNX traded up $1.70 during mid-day trading on Thursday, reaching $49.16. The company had a trading volume of 963,508 shares, compared to its average volume of 2,752,436. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of -678.00, a price-to-earnings-growth ratio of 4.45 and a beta of 1.16. Nutanix, Inc. has a 52 week low of $29.18 and a 52 week high of $73.69. The business's 50-day moving average is $53.04 and its 200-day moving average is $59.17.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.12. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. The business had revenue of $524.58 million for the quarter, compared to the consensus estimate of $516.13 million. As a group, equities research analysts forecast that Nutanix, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NTNX. Morgan Stanley lowered their target price on Nutanix from $72.00 to $62.00 and set an "equal weight" rating for the company in a research report on Friday, June 21st. Royal Bank of Canada boosted their target price on shares of Nutanix from $72.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, May 29th. Susquehanna increased their price target on shares of Nutanix from $60.00 to $75.00 and gave the company a "positive" rating in a report on Wednesday, April 10th. Raymond James lifted their price target on Nutanix from $72.00 to $76.00 and gave the stock an "outperform" rating in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. upped their price objective on Nutanix from $70.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $72.00.

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.