Claro Advisors LLC Invests $1.55 Million in Nutanix, Inc. (NASDAQ:NTNX)

Claro Advisors LLC purchased a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,088 shares of the technology company's stock, valued at approximately $1,546,000.

Other large investors have also modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new position in shares of Nutanix in the fourth quarter worth approximately $37,000. FCF Advisors LLC grew its position in Nutanix by 8.8% during the 1st quarter. FCF Advisors LLC now owns 27,274 shares of the technology company's stock worth $1,683,000 after purchasing an additional 2,198 shares in the last quarter. Range Financial Group LLC raised its stake in Nutanix by 7.1% during the 1st quarter. Range Financial Group LLC now owns 17,909 shares of the technology company's stock valued at $1,105,000 after purchasing an additional 1,190 shares during the period. Doliver Advisors LP acquired a new stake in Nutanix during the 1st quarter valued at $219,000. Finally, Counterpoint Mutual Funds LLC lifted its holdings in shares of Nutanix by 80.3% in the first quarter. Counterpoint Mutual Funds LLC now owns 10,820 shares of the technology company's stock valued at $668,000 after purchasing an additional 4,819 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Insider Transactions at Nutanix

In related news, 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 transaction of $714,968.50. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $714,968.50. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America lifted their price target on Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Northland Securities upped their target price on Nutanix from $71.00 to $74.00 and gave the company a "market perform" rating in a report on Friday, August 30th. Morgan Stanley increased their price target on shares of Nutanix from $62.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 29th. Barclays boosted their price objective on shares of Nutanix from $71.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, August 29th. Finally, Piper Sandler increased their target price on shares of Nutanix from $76.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $73.31.

Nutanix Stock Performance

Shares of NASDAQ NTNX traded down $1.09 during mid-day trading on Friday, reaching $63.27. 1,079,574 shares of the company traded hands, compared to its average volume of 2,571,128. The company's fifty day moving average is $58.86 and its two-hundred day moving average is $58.59. Nutanix, Inc. has a fifty-two week low of $34.40 and a fifty-two week high of $73.69. The stock has a market cap of $15.60 billion, a PE ratio of -903.86, a price-to-earnings-growth ratio of 12.80 and a beta of 1.18.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate 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 company had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. Research analysts forecast that Nutanix, Inc. will post 0.27 earnings per share for the current year.

Nutanix Company 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.