Harbour Capital Advisors LLC Purchases Shares of 3,475 Nutanix (NASDAQ:NTNX)

Harbour Capital Advisors LLC acquired a new stake in shares of Nutanix (NASDAQ:NTNX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,475 shares of the technology company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. increased its position in Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Nutanix by 32.4% during the fourth quarter. Principal Financial Group Inc. now owns 23,154 shares of the technology company’s stock worth $1,417,000 after purchasing an additional 5,664 shares during the period. Sanctuary Advisors LLC raised its position in shares of Nutanix by 3.5% during the fourth quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company’s stock worth $593,000 after purchasing an additional 325 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in shares of Nutanix in the 4th quarter worth $4,154,000. Institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Susquehanna upped their price objective on shares of Nutanix from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Thursday, May 29th. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $92.00 price target on shares of Nutanix in a research report on Thursday, May 29th. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Wall Street Zen raised Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $90.38.

Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 61,057 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the sale, the chief executive officer now directly owns 497,309 shares in the company, valued at approximately $39,287,411. The trade was a 10.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the sale, the chief financial officer now directly owns 209,070 shares in the company, valued at $15,205,661.10. This trade represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,550,624 shares of company stock valued at $426,476,906 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

Nutanix Price Performance

Shares of NTNX opened at $74.27 on Wednesday. Nutanix has a 1 year low of $43.35 and a 1 year high of $83.36. The stock’s fifty day moving average price is $73.69 and its two-hundred day moving average price is $69.49. The firm has a market cap of $19.91 billion, a PE ratio of -265.25, a PEG ratio of 6.66 and a beta of 0.69.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $638.98 million for the quarter, compared to analysts’ expectations of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. Sell-side analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.