11,756 Shares of Nutanix $NTNX Bought by Grove Bank & Trust

Grove Bank & Trust purchased a new position in Nutanix (NASDAQ:NTNX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,756 shares of the technology company’s stock, valued at approximately $828,000.

Other hedge funds also recently bought and sold shares of the company. CX Institutional grew its holdings in Nutanix by 134.6% in the second quarter. CX Institutional now owns 488 shares of the technology company’s stock valued at $25,000 after purchasing an additional 280 shares during the period. Western Wealth Management LLC acquired a new position in shares of Nutanix during the 1st quarter worth approximately $27,000. Parkside Financial Bank & Trust lifted its position in shares of Nutanix by 43.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company’s stock valued at $29,000 after buying an additional 176 shares in the last quarter. Frazier Financial Advisors LLC lifted its position in shares of Nutanix by 1,063.8% during the 1st quarter. Frazier Financial Advisors LLC now owns 1,094 shares of the technology company’s stock valued at $42,000 after buying an additional 1,000 shares in the last quarter. Finally, CoreCap Advisors LLC grew its stake in Nutanix by 28.6% in the 2nd quarter. CoreCap Advisors LLC now owns 900 shares of the technology company’s stock valued at $46,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NTNX traded down $0.31 during trading hours on Thursday, hitting $73.11. 1,717,620 shares of the stock were exchanged, compared to its average volume of 3,810,279. 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 12-month low of $34.01 and a 12-month high of $74.42. The company has a market cap of $19.78 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 3.64 and a beta of 0.64. The stock’s 50-day moving average price is $67.12 and its two-hundred day moving average price is $53.97.

Nutanix (NASDAQ:NTNX) last posted 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. The firm had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%.The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. Research analysts expect that Nutanix will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. KeyCorp boosted their price target on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 price objective (up from $60.00) on shares of Nutanix in a report on Thursday, August 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a research report on Monday, September 21st. Morgan Stanley boosted their target price on shares of Nutanix from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. Finally, 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 research report on Thursday, August 27th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.07.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 38,139 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $70.00, for a total value of $2,669,730.00. Following the completion of the sale, the chief financial officer directly owned 325,487 shares in the company, valued at $22,784,090. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rajiv Ramaswami sold 75,045 shares of the firm’s stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $74.00, for a total transaction of $5,553,330.00. Following the completion of the transaction, the chief executive officer directly owned 414,339 shares in the company, valued at approximately $30,661,086. This represents a 15.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders 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.

About Nutanix

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.