10,433 Shares of Nutanix $NTNX Acquired by Curated Wealth Partners LLC

Curated Wealth Partners LLC acquired a new stake in shares of Nutanix (NASDAQ:NTNX) in the third quarter, HoldingsChannel reports. The fund acquired 10,433 shares of the technology company’s stock, valued at approximately $735,000.

Several other institutional investors also recently made changes to their positions in NTNX. Assenagon Asset Management S.A. boosted its holdings in shares of Nutanix by 1,535.2% during the second quarter. Assenagon Asset Management S.A. now owns 3,262,231 shares of the technology company’s stock valued at $166,243,000 after acquiring an additional 3,062,730 shares during the period. Jericho Capital Asset Management L.P. grew its holdings in Nutanix by 27.3% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 3,107,481 shares of the technology company’s stock worth $160,626,000 after buying an additional 666,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Nutanix by 26.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,589,508 shares of the technology company’s stock valued at $60,416,000 after acquiring an additional 331,700 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Nutanix by 628.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock valued at $45,046,000 after purchasing an additional 1,022,516 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Nutanix by 308.1% in the 1st quarter. Pacer Advisors Inc. now owns 1,135,857 shares of the technology company’s stock valued at $43,174,000 after buying an additional 857,559 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Insider Activity at Nutanix

In other Nutanix news, Director Teresa Sheppard sold 3,500 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $73.67, for a total transaction of $257,845.00. Following the transaction, the director owned 23,488 shares in the company, valued at $1,730,360.96. This trade represents a 12.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 232,712 shares of the firm’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $74.55, for a total transaction of $17,348,679.60. Following the completion of the transaction, the chief financial officer owned 92,775 shares in the company, valued at $6,916,376.25. The trade was a 71.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 674,351 shares of company stock valued at $49,736,524. Corporate insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on Nutanix from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 27th. Wall Street Zen upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Zacks Research downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Oppenheimer lifted their target price on Nutanix from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Finally, Rosenblatt Securities upped their target price on Nutanix from $60.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.07.

Nutanix Stock Performance

Shares of NTNX opened at $69.98 on Friday. The company has a market capitalization of $18.93 billion, a PE ratio of 59.19, a PEG ratio of 3.46 and a beta of 0.64. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.80 and a current ratio of 1.80. The company’s 50 day moving average price is $68.57 and its 200 day moving average price is $55.37. Nutanix has a 52 week low of $34.01 and a 52 week high of $75.98.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The company had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $0.37 EPS. Research analysts expect that Nutanix will post 1.17 EPS for the current fiscal year.

About Nutanix

Nutanix, Inc develops enterprise cloud software that helps organizations manage applications and data across on-premises infrastructure, public clouds and hybrid multicloud environments. Its platform is designed to simplify the operation of data centers and cloud resources through a unified software experience.

The company’s offerings include hyperconverged infrastructure software, the Nutanix Cloud Infrastructure platform and AHV virtualization. Nutanix also provides services for file and object storage, databases, disaster recovery, Kubernetes and application management, as well as tools that help customers monitor, secure and govern their hybrid and multicloud environments.

Founded in 2009 and headquartered in San Jose, California, Nutanix serves businesses, government organizations and other institutions globally through direct sales and channel partners.