Wealth Enhancement Advisory Services LLC Invests $290,000 in Nutanix, Inc. (NASDAQ:NTNX)

Wealth Enhancement Advisory Services LLC acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,099 shares of the technology company's stock, valued at approximately $290,000.

Other hedge funds have also modified their holdings of the company. Diversified Trust Co grew its holdings in Nutanix by 46.7% during the second quarter. Diversified Trust Co now owns 36,666 shares of the technology company's stock worth $2,084,000 after acquiring an additional 11,668 shares during the period. SG Americas Securities LLC grew its holdings in Nutanix by 950.1% during the second quarter. SG Americas Securities LLC now owns 95,006 shares of the technology company's stock worth $5,401,000 after acquiring an additional 85,959 shares during the period. Symmetry Partners LLC grew its holdings in Nutanix by 19.5% during the second quarter. Symmetry Partners LLC now owns 7,831 shares of the technology company's stock worth $445,000 after acquiring an additional 1,279 shares during the period. CWM LLC grew its holdings in Nutanix by 39.8% during the second quarter. CWM LLC now owns 11,664 shares of the technology company's stock worth $663,000 after acquiring an additional 3,323 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Nutanix by 18,916.7% during the second quarter. Versant Capital Management Inc now owns 1,141 shares of the technology company's stock worth $65,000 after acquiring an additional 1,135 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nutanix news, CEO Rajiv Ramaswami sold 23,986 shares of Nutanix stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $1,299,801.34. Following the sale, the chief executive officer now owns 407,045 shares in the company, valued at $22,057,768.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Nutanix news, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares in the company, valued at $3,486,205.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 23,986 shares of Nutanix stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $1,299,801.34. Following the completion of the sale, the chief executive officer now directly owns 407,045 shares of the company's stock, valued at $22,057,768.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,936 shares of company stock worth $2,531,273. 0.46% of the stock is owned by corporate insiders.

Nutanix Price Performance

Nutanix stock traded down $0.42 during trading on Monday, reaching $52.93. 1,765,727 shares of the company were exchanged, compared to its average volume of 2,674,479. Nutanix, Inc. has a 52-week low of $29.80 and a 52-week high of $73.69. The company has a market capitalization of $13.05 billion, a P/E ratio of -756.14, a PEG ratio of 4.45 and a beta of 1.16. The stock's 50 day simple moving average is $52.49 and its two-hundred day simple moving average is $58.73.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.74% and a negative net margin of 0.57%. The firm had revenue of $524.58 million for the quarter, compared to the consensus estimate of $516.13 million. As a group, equities analysts forecast that Nutanix, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on NTNX. Northland Capmk lowered Nutanix from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 30th. Royal Bank of Canada raised their price objective on Nutanix from $72.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, May 29th. Bank of America dropped their price objective on Nutanix from $75.00 to $72.00 and set a "buy" rating on the stock in a report on Wednesday, August 21st. Raymond James raised their price objective on Nutanix from $72.00 to $76.00 and gave the company an "outperform" rating in a report on Thursday, May 30th. Finally, Morgan Stanley dropped their price objective on Nutanix from $72.00 to $62.00 and set an "equal weight" rating on the stock in a report on Friday, June 21st. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $70.69.

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.