Claro Advisors LLC Invests $1.55 Million in Nutanix, Inc. (NASDAQ:NTNX)

Claro Advisors LLC purchased a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 26,088 shares of the technology company’s stock, valued at approximately $1,546,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Nutanix by 1.4% in the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock valued at $1,548,378,000 after buying an additional 346,414 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Nutanix by 29.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock valued at $269,024,000 after acquiring an additional 985,421 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its holdings in shares of Nutanix by 13.1% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company’s stock valued at $246,196,000 after acquiring an additional 462,000 shares in the last quarter. Renaissance Technologies LLC grew its position in Nutanix by 7.4% during the 2nd quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock worth $212,548,000 after acquiring an additional 256,156 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Nutanix by 387.1% in the 1st quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock worth $162,229,000 after purchasing an additional 2,076,377 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the transaction, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at $11,309,145.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the transaction, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at $11,309,145.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by company insiders.

Nutanix Stock Performance

Nutanix stock opened at $63.27 on Friday. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of -903.86, a PEG ratio of 12.80 and a beta of 1.18. Nutanix, Inc. has a 52-week low of $34.40 and a 52-week high of $73.69. The stock’s 50 day moving average price is $58.86 and its two-hundred day moving average price is $58.61.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. The business had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. On average, equities research analysts forecast that Nutanix, Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $80.00 price target on shares of Nutanix in a report on Thursday, August 29th. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Bank of America lifted their price target on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays increased their price objective on Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Finally, Royal Bank of Canada lifted their target price on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $73.31.

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.