Inspire Advisors LLC Has $2.81 Million Stake in Nutanix, Inc. (NASDAQ:NTNX)

Inspire Advisors LLC increased its stake in Nutanix, Inc. (NASDAQ:NTNX) by 9.9% in the 3rd quarter, Holdings Channel reports. The firm owned 47,491 shares of the technology company’s stock after purchasing an additional 4,260 shares during the period. Inspire Advisors LLC’s holdings in Nutanix were worth $2,814,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Nutanix in the 1st quarter worth approximately $1,384,000. Cetera Investment Advisers lifted its holdings in Nutanix by 48.7% in the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock worth $4,697,000 after purchasing an additional 24,918 shares during the last quarter. Diversified Trust Co lifted its holdings in Nutanix by 46.7% in the 2nd quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock worth $2,084,000 after purchasing an additional 11,668 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Nutanix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after purchasing an additional 346,414 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Nutanix by 387.1% in the 1st quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock worth $162,229,000 after purchasing an additional 2,076,377 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of NTNX traded down $0.39 on Friday, reaching $63.97. 178,026 shares of the stock traded hands, compared to its average volume of 2,566,665. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of -919.43, a P/E/G ratio of 12.80 and a beta of 1.18. Nutanix, Inc. has a 12 month low of $34.40 and a 12 month high of $73.69. The stock’s 50-day moving average price is $58.59 and its 200-day moving average price is $58.60.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (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 analysts’ expectations of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. As a group, equities research analysts forecast that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on NTNX. Royal Bank of Canada boosted their target price on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Raymond James lifted their price target on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Bank of America lifted their price target on Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Piper Sandler lifted their price target on Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Finally, Barclays lifted their price target on Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.31.

Insider Activity at Nutanix

In related news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares of the company’s stock, valued at $7,411,022.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David Sangster sold 11,950 shares of the business’s 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 in the company, 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. 0.46% of the stock is owned by insiders.

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.