WR Wealth Planners LLC Raises Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

WR Wealth Planners LLC boosted its position in Nutanix, Inc. (NASDAQ:NTNX) by 29.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the technology company’s stock after purchasing an additional 800 shares during the quarter. WR Wealth Planners LLC’s holdings in Nutanix were worth $199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Nutanix by 7,970.6% in the fourth quarter. International Assets Investment Management LLC now owns 103,869 shares of the technology company’s stock worth $4,954,000 after buying an additional 102,582 shares in the last quarter. CWM LLC boosted its position in shares of Nutanix by 31.9% during the 4th quarter. CWM LLC now owns 5,970 shares of the technology company’s stock valued at $285,000 after acquiring an additional 1,443 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Nutanix during the fourth quarter worth about $30,000. Victory Capital Management Inc. grew its holdings in shares of Nutanix by 30.1% during the fourth quarter. Victory Capital Management Inc. now owns 33,370 shares of the technology company’s stock worth $1,591,000 after purchasing an additional 7,720 shares in the last quarter. Finally, New York Life Investment Management LLC increased its position in shares of Nutanix by 3.8% in the fourth quarter. New York Life Investment Management LLC now owns 26,726 shares of the technology company’s stock worth $1,275,000 after purchasing an additional 986 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of research reports. Raymond James boosted their price target on shares of Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $80.00 target price on shares of Nutanix in a research note on Thursday. Northland Securities lifted their price target on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday. Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. Finally, Piper Sandler boosted their target price on Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and an average price target of $73.31.

Insider Transactions at Nutanix

In related news, COO David Sangster sold 10,384 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the completion of the transaction, the chief operating officer now owns 64,333 shares in the company, valued at $3,486,205.27. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO David Sangster sold 10,384 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the transaction, the chief operating officer now owns 64,333 shares in the company, valued at $3,486,205.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rajiv Ramaswami sold 23,986 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $1,299,801.34. Following the completion of the sale, the chief executive officer now owns 407,045 shares of the company’s stock, valued at $22,057,768.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,936 shares of company stock worth $2,531,273. 0.46% of the stock is currently owned by insiders.

Nutanix Trading Up 0.4 %

Shares of NTNX stock traded up $0.28 during mid-day trading on Friday, reaching $63.19. The stock had a trading volume of 4,567,034 shares, compared to its average volume of 2,332,167. The firm has a market capitalization of $15.59 billion, a PE ratio of -902.59, a price-to-earnings-growth ratio of 5.75 and a beta of 1.16. The stock’s 50-day moving average price is $52.87 and its two-hundred day moving average price is $58.73. Nutanix, Inc. has a 52-week low of $30.26 and a 52-week high of $73.69.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. Nutanix had a negative return on equity of 7.88% and a negative net margin of 5.81%. The company had revenue of $524.58 million for the quarter, compared to the consensus estimate of $516.13 million. On average, equities research analysts forecast that Nutanix, Inc. will post 0.27 earnings per share for the current year.

About Nutanix

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.