MBL Wealth LLC Purchases 7,961 Shares of Nutanix $NTNX

MBL Wealth LLC purchased a new stake in Nutanix (NASDAQ:NTNX) in the third quarter, Holdings Channel.com reports. The fund purchased 7,961 shares of the technology company’s stock, valued at approximately $561,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its stake in Nutanix by 1,535.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,262,231 shares of the technology company’s stock valued at $166,243,000 after acquiring an additional 3,062,730 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Nutanix by 26.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,589,508 shares of the technology company’s stock worth $60,416,000 after acquiring an additional 331,700 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Nutanix by 628.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock worth $45,046,000 after acquiring an additional 1,022,516 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Nutanix by 308.1% in the 1st quarter. Pacer Advisors Inc. now owns 1,135,857 shares of the technology company’s stock worth $43,174,000 after acquiring an additional 857,559 shares in the last quarter. Finally, Ardmore Road Asset Management LP grew its stake in shares of Nutanix by 16.7% in the 1st quarter. Ardmore Road Asset Management LP now owns 790,400 shares of the technology company’s stock worth $30,043,000 after acquiring an additional 113,116 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Up 1.5%

NTNX opened at $70.58 on Friday. Nutanix has a twelve month low of $34.01 and a twelve month high of $75.98. The company’s 50-day moving average price is $69.02 and its two-hundred day moving average price is $56.50. The stock has a market cap of $19.10 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 3.50 and a beta of 0.64. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.92.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.11. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The company had revenue of $757.08 million during the quarter, compared to analyst estimates of $738.27 million. During the same quarter last year, the business posted $0.37 EPS. Nutanix’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts expect that Nutanix will post 1.17 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. KeyCorp raised 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 Monday, August 24th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Nutanix in a report on Tuesday, August 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $75.00 price objective (up from $60.00) on shares of Nutanix in a research report on Thursday, August 27th. Finally, Bank of America reaffirmed a “buy” rating on shares of Nutanix in a research report on Thursday, August 27th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.07.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 324,955 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $73.57, for a total value of $23,906,939.35. Following the transaction, the chief executive officer owned 489,384 shares in the company, valued at approximately $36,003,980.88. This represents a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 232,712 shares of the stock in a transaction on Monday, October 12th. The shares were sold at an average price of $74.55, for a total value of $17,348,679.60. Following the transaction, the chief financial officer directly owned 92,775 shares of the company’s stock, valued at approximately $6,916,376.25. This trade represents a 71.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 674,351 shares of company stock worth $49,736,524. Insiders own 2.40% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc is a cloud computing and enterprise software company that provides infrastructure and platform services for running applications across private, hybrid and multicloud environments. Its products are designed to simplify the management of data centers and cloud resources by combining computing, storage, virtualization, networking and data services within a unified software platform.

The company’s offerings include the Nutanix Cloud Platform, which supports enterprise applications and workloads across on-premises infrastructure and public clouds.