Colonial River Investments LLC Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

Colonial River Investments LLC bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the third quarter, Holdings Channel reports. The fund bought 7,408 shares of the technology company’s stock, valued at approximately $439,000.

Several other large investors also recently modified their holdings of NTNX. Axxcess Wealth Management LLC grew its holdings in Nutanix by 63.6% during the third quarter. Axxcess Wealth Management LLC now owns 23,720 shares of the technology company’s stock valued at $1,405,000 after purchasing an additional 9,220 shares during the period. Atria Investments Inc increased its holdings in Nutanix by 29.3% in the 3rd quarter. Atria Investments Inc now owns 5,058 shares of the technology company’s stock worth $300,000 after acquiring an additional 1,147 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in Nutanix in the 3rd quarter valued at about $1,055,000. Capital Performance Advisors LLP bought a new stake in Nutanix in the 3rd quarter valued at about $133,000. Finally, Summit Global Investments purchased a new stake in Nutanix during the third quarter valued at about $727,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 0.2 %

Shares of NASDAQ NTNX opened at $70.30 on Friday. The business has a 50-day moving average of $61.98 and a 200-day moving average of $58.75. The firm has a market capitalization of $18.64 billion, a price-to-earnings ratio of -135.19, a PEG ratio of 13.54 and a beta of 1.17. Nutanix, Inc. has a 12 month low of $37.28 and a 12 month high of $73.69.

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. The business had revenue of $547.95 million during the quarter, compared to analysts’ expectations of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. On average, analysts predict that Nutanix, Inc. will post 0.27 earnings per share for the current year.

Insider Activity at Nutanix

In other Nutanix news, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the sale, the chief operating officer now owns 123,868 shares of the company’s stock, valued at $7,411,022.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Piper Sandler boosted their target price on shares of Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Northland Securities increased their target price on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Bank of America lifted their price target on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Raymond James increased their price objective on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.38.

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.