13,816 Shares in Nutanix $NTNX Bought by Stableford Capital II LLC

Stableford Capital II LLC purchased a new stake in Nutanix (NASDAQ:NTNX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,816 shares of the technology company’s stock, valued at approximately $973,000.

Other large investors have also added to or reduced their stakes in the company. CX Institutional lifted its position in shares of Nutanix by 134.6% during the 2nd quarter. CX Institutional now owns 488 shares of the technology company’s stock valued at $25,000 after acquiring an additional 280 shares during the period. Western Wealth Management LLC bought a new position in shares of Nutanix in the first quarter worth $27,000. Parkside Financial Bank & Trust increased its position in shares of Nutanix by 43.8% in the second quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company’s stock worth $29,000 after purchasing an additional 176 shares during the period. Frazier Financial Advisors LLC raised its stake in Nutanix by 1,063.8% in the first quarter. Frazier Financial Advisors LLC now owns 1,094 shares of the technology company’s stock valued at $42,000 after purchasing an additional 1,000 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in Nutanix by 28.6% in the second quarter. CoreCap Advisors LLC now owns 900 shares of the technology company’s stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Bank of America reiterated a “buy” rating on shares of Nutanix in a research note on Thursday, August 27th. Royal Bank Of Canada upped their price target on shares of Nutanix from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Wall Street Zen raised shares of Nutanix from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. KeyCorp boosted 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 Monday, August 24th. Finally, Zacks Research cut Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.07.

Nutanix Trading Down 0.4%

NTNX opened at $73.11 on Friday. The company has a market cap of $19.78 billion, a P/E ratio of 14.17, a PEG ratio of 3.64 and a beta of 0.64. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.92. The company’s 50 day moving average is $67.40 and its 200-day moving average is $54.21. Nutanix has a 1-year low of $34.01 and a 1-year high of $74.42.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.49 by $0.11. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The business had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. Equities research analysts predict that Nutanix will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 324,955 shares of the business’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $73.57, for a total transaction of $23,906,939.35. Following the sale, the chief executive officer owned 489,384 shares in the company, valued at $36,003,980.88. The trade was a 39.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 38,139 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $70.00, for a total value of $2,669,730.00. Following the completion of the transaction, the chief financial officer directly owned 325,487 shares of the company’s stock, valued at approximately $22,784,090. The trade was a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 438,139 shares of company stock valued at $32,129,999 over the last quarter. Company insiders own 2.40% of the company’s stock.

Nutanix Profile

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.