Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by True Wealth Design LLC

True Wealth Design LLC boosted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 10,930.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,103 shares of the technology company’s stock after buying an additional 1,093 shares during the quarter. True Wealth Design LLC’s holdings in Nutanix were worth $65,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Tidal Investments LLC raised its position in shares of Nutanix by 37.0% during the 1st quarter. Tidal Investments LLC now owns 23,551 shares of the technology company’s stock worth $1,454,000 after acquiring an additional 6,364 shares in the last quarter. Burney Co. purchased a new position in Nutanix in the first quarter valued at approximately $688,000. Cetera Investment Advisers raised its holdings in Nutanix by 48.7% during the first 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 in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Nutanix during the 1st quarter worth approximately $3,141,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock valued at $53,000 after buying an additional 243 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nutanix

In other Nutanix news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on NTNX shares. Northland Securities reiterated a “market perform” rating and set a $77.00 price target (up from $74.00) on shares of Nutanix in a research note on Wednesday. Oppenheimer assumed coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price on the stock. Wells Fargo & Company upped their target price on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Raymond James raised their target price on shares of Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.86.

Nutanix Stock Performance

NTNX stock opened at $65.28 on Friday. Nutanix, Inc. has a one year low of $42.22 and a one year high of $75.80. The company has a fifty day moving average of $64.88 and a 200-day moving average of $59.40.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative net margin of 3.54% and a negative return on equity of 12.43%. The firm had revenue of $547.95 million during the quarter, compared to the consensus estimate of $537.12 million. As a group, equities analysts anticipate that Nutanix, Inc. will post 0.31 earnings per share for the current fiscal year.

Nutanix 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.