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

Claro Advisors LLC bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,088 shares of the technology company’s stock, valued at approximately $1,546,000.

A number of other hedge funds also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in Nutanix during the second quarter valued at $25,000. ORG Wealth Partners LLC purchased a new stake in Nutanix during the third quarter valued at about $27,000. Itau Unibanco Holding S.A. bought a new stake in shares of Nutanix in the second quarter valued at approximately $32,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Nutanix during the 4th quarter valued at approximately $37,000. Finally, GAMMA Investing LLC boosted its holdings in Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after buying an additional 243 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Down 1.7 %

Nutanix stock opened at $63.27 on Friday. The firm has a fifty day simple moving average of $58.86 and a two-hundred day simple moving average of $58.61. Nutanix, Inc. has a twelve month low of $34.40 and a twelve month high of $73.69. The company has a market capitalization of $15.60 billion, a PE ratio of -903.86, a P/E/G ratio of 12.80 and a beta of 1.18.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $547.95 million during the quarter, compared to analyst estimates 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 analysts expect that Nutanix, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Bank of America boosted their price objective on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Royal Bank of Canada boosted their price target on shares of Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Piper Sandler increased their price objective on Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. lifted their price objective on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley lifted their target price on shares of Nutanix from $62.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, August 29th. Four 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.31.

Insider Buying and Selling at Nutanix

In other news, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the transaction, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.

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.