Great Valley Advisor Group Inc. Buys New Shares in Nutanix, Inc. (NASDAQ:NTNX)

Great Valley Advisor Group Inc. purchased a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,810 shares of the technology company’s stock, valued at approximately $226,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Cetera Investment Advisers boosted its holdings in shares of Nutanix by 48.7% in the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock valued at $4,697,000 after buying an additional 24,918 shares during the last quarter. Diversified Trust Co lifted its stake in Nutanix by 46.7% in the second quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock valued at $2,084,000 after acquiring an additional 11,668 shares during the last quarter. Versor Investments LP grew its position in shares of Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock valued at $1,976,000 after acquiring an additional 22,652 shares during the period. Marshall Wace LLP increased its stake in shares of Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after purchasing an additional 477,838 shares during the last quarter. Finally, Resolute Capital Asset Partners LLC acquired a new position in shares of Nutanix during the 2nd quarter worth about $2,274,000. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NTNX shares. Piper Sandler lifted their price target on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday. Wells Fargo & Company boosted their target price on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday. Royal Bank of Canada raised their price target on Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Northland Securities reiterated a “market perform” rating and issued a $77.00 price objective (up from $74.00) on shares of Nutanix in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.86.

Insider Activity

In other 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 transaction of $1,430,996.60. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David Sangster sold 11,950 shares of the company’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 approximately $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $66.70 on Thursday. The business has a fifty day moving average price of $64.64 and a two-hundred day moving average price of $59.40. The stock has a market capitalization of $17.69 billion, a PE ratio of -128.27, a P/E/G ratio of 12.05 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $40.44 and a fifty-two week high of $75.80.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $547.95 million during the quarter, compared to the consensus estimate of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. On average, equities analysts expect that Nutanix, Inc. will post 0.31 EPS for the current 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.