Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by True Wealth Design LLC

True Wealth Design LLC raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 10,930.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,103 shares of the technology company’s stock after purchasing an additional 1,093 shares during the period. True Wealth Design LLC’s holdings in Nutanix were worth $65,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NTNX. Captrust Financial Advisors lifted its stake in Nutanix by 75.4% in the 3rd quarter. Captrust Financial Advisors now owns 12,529 shares of the technology company’s stock valued at $742,000 after buying an additional 5,386 shares in the last quarter. Vinva Investment Management Ltd purchased a new stake in Nutanix during the 3rd quarter worth approximately $156,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Nutanix by 3.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 886,338 shares of the technology company’s stock valued at $52,516,000 after acquiring an additional 29,241 shares in the last quarter. Bain Capital Investors LLC acquired a new stake in shares of Nutanix in the third quarter worth approximately $998,601,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Nutanix by 4,153.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 22,500 shares of the technology company’s stock worth $1,333,000 after purchasing an additional 21,971 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Activity at Nutanix

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the sale, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at $11,309,145.65. This represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David Sangster sold 11,950 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Raymond James raised their target price on shares of Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Needham & Company LLC lifted their price objective on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley upped their target price on Nutanix from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.86.

Nutanix Price Performance

Nutanix stock opened at $65.28 on Friday. The company’s 50 day simple moving average is $64.88 and its 200-day simple moving average is $59.40. Nutanix, Inc. has a 1 year low of $42.22 and a 1 year high of $75.80.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 12.43% and a negative net margin of 3.54%. The company had revenue of $547.95 million for the quarter, compared to analysts’ expectations of $537.12 million. Analysts predict that Nutanix, Inc. will post 0.31 earnings per share for the current fiscal 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.