Nutanix $NTNX Shares Newly Acquired by Founders Financial Securities LLC

Founders Financial Securities LLC purchased a new stake in shares of Nutanix (NASDAQ:NTNX) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 13,752 shares of the technology company’s stock, valued at approximately $968,000.

Other large investors also recently bought and sold shares of the company. Motley Fool Asset Management LLC increased its holdings in shares of Nutanix by 12.9% during the 3rd quarter. Motley Fool Asset Management LLC now owns 8,951 shares of the technology company’s stock valued at $630,000 after purchasing an additional 1,023 shares in the last quarter. North Dakota State Investment Board increased its holdings in Nutanix by 3.6% in the third quarter. North Dakota State Investment Board now owns 7,983 shares of the technology company’s stock valued at $562,000 after buying an additional 279 shares in the last quarter. VestGen Advisors LLC increased its stake in shares of Nutanix by 11.7% in the 3rd quarter. VestGen Advisors LLC now owns 4,913 shares of the technology company’s stock valued at $346,000 after purchasing an additional 513 shares in the last quarter. Vaquero Private Wealth Ltd. purchased a new position in shares of Nutanix in the 3rd quarter valued at about $282,000. Finally, Moody Aldrich Partners LLC acquired a new position in Nutanix in the 3rd quarter worth about $239,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Teresa Sheppard sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $73.67, for a total value of $257,845.00. Following the completion of the sale, the director directly owned 23,488 shares in the company, valued at $1,730,360.96. This represents a 12.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 75,045 shares of the stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $74.00, for a total value of $5,553,330.00. Following the completion of the sale, the chief executive officer directly owned 414,339 shares of the company’s stock, valued at approximately $30,661,086. This represents a 15.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 674,351 shares of company stock worth $49,736,524 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $67.21 on Friday. The firm has a 50-day simple moving average of $69.51 and a 200-day simple moving average of $52.53. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $18.19 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 3.33 and a beta of 0.64. 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. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The firm had revenue of $757.08 million for the quarter, compared to analyst estimates of $738.27 million. During the same period in the previous year, the business posted $0.37 earnings per share. Nutanix’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts predict that Nutanix will post 1.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NTNX shares. Needham & Company LLC assumed coverage on Nutanix in a research report on Monday, September 28th. They issued a “buy” rating and a $90.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of Nutanix from $55.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Royal Bank Of Canada upped their price objective on shares of Nutanix from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Piper Sandler reissued an “overweight” rating and set a $75.00 target price (up from $60.00) on shares of Nutanix in a research note on Thursday, August 27th. Finally, KeyCorp lifted their price objective on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. Ten 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.com, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.87.

About Nutanix

Nutanix, Inc is a cloud computing and enterprise software company that provides infrastructure and platform services for running applications across private, hybrid and multicloud environments. Its products are designed to simplify the management of data centers and cloud resources by combining computing, storage, virtualization, networking and data services within a unified software platform.

The company’s offerings include the Nutanix Cloud Platform, which supports enterprise applications and workloads across on-premises infrastructure and public clouds.