Integrated Advisors Network LLC Acquires 8,750 Shares of Nutanix $NTNX

Integrated Advisors Network LLC boosted its holdings in shares of Nutanix (NASDAQ:NTNX) by 37.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 32,106 shares of the technology company’s stock after acquiring an additional 8,750 shares during the period. Integrated Advisors Network LLC’s holdings in Nutanix were worth $2,261,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its position in shares of Nutanix by 1,535.2% during the 2nd 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 last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Nutanix by 26.4% in 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 purchasing an additional 331,700 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Nutanix by 628.8% in the 1st 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 during the period. Pacer Advisors Inc. boosted its position in shares of Nutanix by 308.1% in the 1st quarter. Pacer Advisors Inc. now owns 1,135,857 shares of the technology company’s stock worth $43,174,000 after purchasing an additional 857,559 shares during the last quarter. Finally, Ardmore Road Asset Management LP boosted its position in shares of Nutanix by 16.7% in the 1st quarter. Ardmore Road Asset Management LP now owns 790,400 shares of the technology company’s stock worth $30,043,000 after purchasing an additional 113,116 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Up 2.8%

Shares of NASDAQ NTNX opened at $70.11 on Thursday. The stock has a market cap of $18.97 billion, a P/E ratio of 57.80, a P/E/G ratio of 3.38 and a beta of 0.64. The firm has a 50 day moving average price of $68.91 and a 200 day moving average price of $56.20. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.80 and a current ratio of 1.80. Nutanix has a 52-week low of $34.01 and a 52-week high of $75.98.

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

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of analyst reports. Northland Securities set a $70.00 price objective on Nutanix in a research note on Thursday, August 27th. Zacks Research downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Wells Fargo & Company increased their target price on Nutanix from $55.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. UBS Group set a $85.00 target price on Nutanix in a report on Thursday, August 27th. Finally, Piper Sandler restated an “overweight” rating and set a $75.00 target price (up from $60.00) on shares of Nutanix in a report on Thursday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $73.07.

Insider Activity

In related news, CFO Rukmini Sivaraman sold 232,712 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $74.55, for a total value of $17,348,679.60. Following the completion of the sale, the chief financial officer owned 92,775 shares in the company, valued at $6,916,376.25. This represents a 71.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 324,955 shares of the firm’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $73.57, for a total value of $23,906,939.35. Following the sale, the chief executive officer directly owned 489,384 shares in the company, valued at $36,003,980.88. The trade was a 39.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 674,351 shares of company stock valued at $49,736,524 in the last quarter. Company insiders own 2.40% of the company’s stock.

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.