Accurate Wealth Management LLC Boosts Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Accurate Wealth Management LLC boosted its position in Nutanix, Inc. (NASDAQ:NTNX) by 39.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,089 shares of the technology company’s stock after purchasing an additional 3,733 shares during the quarter. Accurate Wealth Management LLC’s holdings in Nutanix were worth $840,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its stake in Nutanix by 387.1% during the 1st quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock worth $162,229,000 after buying an additional 2,076,377 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Nutanix by 29.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock worth $269,024,000 after acquiring an additional 985,421 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in shares of Nutanix by 123.9% during the second quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after acquiring an additional 794,215 shares in the last quarter. Marshall Wace LLP raised its position in shares of Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after purchasing an additional 477,838 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. raised its position in shares of Nutanix by 13.1% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company’s stock valued at $246,196,000 after purchasing an additional 462,000 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NTNX shares. Piper Sandler upped their price target on shares of Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Barclays upped their target price on Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research 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. Royal Bank of Canada increased their price objective on Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, Bank of America increased their price objective on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.31.

Nutanix Stock Down 1.7 %

Shares of NTNX opened at $63.27 on Friday. Nutanix, Inc. has a 52 week low of $34.40 and a 52 week high of $73.69. The company has a market capitalization of $15.60 billion, a price-to-earnings ratio of -903.86, a PEG ratio of 12.80 and a beta of 1.18. The stock’s 50-day moving average price is $58.86 and its 200-day moving average price is $58.59.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. As a group, equities analysts anticipate that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Insider Transactions at Nutanix

In other Nutanix news, 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 transaction of $1,430,996.60. Following the transaction, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Nutanix 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 transaction, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, 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 position. The disclosure for this sale can be found here. Company 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.