1,063 Shares in Nutanix (NASDAQ:NTNX) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in shares of Nutanix (NASDAQ:NTNX) in the first quarter, Holdings Channel reports. The institutional investor bought 1,063 shares of the technology company’s stock, valued at approximately $74,000.

Other hedge funds have also made changes to their positions in the company. GW&K Investment Management LLC acquired a new stake in shares of Nutanix during the 1st quarter worth about $30,000. MassMutual Private Wealth & Trust FSB increased its position in Nutanix by 78.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock valued at $30,000 after acquiring an additional 191 shares in the last quarter. Colonial Trust Co SC acquired a new stake in Nutanix in the 4th quarter valued at about $28,000. Fifth Third Bancorp increased its position in Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company’s stock valued at $35,000 after acquiring an additional 250 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in Nutanix in the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

Nutanix stock opened at $68.81 on Tuesday. The company’s 50 day simple moving average is $74.54 and its 200 day simple moving average is $71.99. Nutanix has a fifty-two week low of $49.16 and a fifty-two week high of $83.36. The firm has a market capitalization of $18.45 billion, a price-to-earnings ratio of 146.12, a PEG ratio of 4.99 and a beta of 0.71.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The business had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. During the same quarter last year, the firm earned $0.28 EPS. Nutanix’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Activity at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the transaction, the director owned 5,480,468 shares of the company’s stock, valued at approximately $420,954,747.08. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Virginia Gambale sold 7,000 shares of Nutanix stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $78.00, for a total transaction of $546,000.00. Following the completion of the transaction, the director directly owned 38,330 shares in the company, valued at approximately $2,989,740. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,491,492 shares of company stock worth $421,797,778. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $92.00 price objective on shares of Nutanix in a research report on Thursday, May 29th. Piper Sandler restated an “overweight” rating and issued a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Morgan Stanley restated an “overweight” rating and issued a $90.00 price objective (up previously from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Susquehanna raised their price objective on shares of Nutanix from $90.00 to $95.00 and gave the company a “positive” rating in a research report on Thursday, May 29th. Finally, The Goldman Sachs Group assumed coverage on shares of Nutanix in a research report on Tuesday, July 15th. They issued a “buy” rating and a $95.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and a consensus price target of $91.00.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.