180 Wealth Advisors LLC Raises Stake in Nutanix, Inc. (NASDAQ:NTNX)

180 Wealth Advisors LLC raised its position in Nutanix, Inc. (NASDAQ:NTNX) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,854 shares of the technology company’s stock after acquiring an additional 374 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Nutanix were worth $615,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Nutanix by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after buying an additional 243 shares during the last quarter. M&T Bank Corp lifted its position in shares of Nutanix by 3.6% during the 4th quarter. M&T Bank Corp now owns 9,270 shares of the technology company’s stock worth $442,000 after buying an additional 325 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Nutanix by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,433 shares of the technology company’s stock worth $1,138,000 after buying an additional 369 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Nutanix by 49.7% during the 1st quarter. Venturi Wealth Management LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after buying an additional 401 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Nutanix during the 2nd quarter worth approximately $25,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. Morgan Stanley reduced their price target on shares of Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. Raymond James upped their price target on shares of Nutanix from $72.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Royal Bank of Canada upped their price target on shares of Nutanix from $72.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Finally, Needham & Company LLC upped their price target on shares of Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Insider Buying and Selling at Nutanix

In other news, COO David Sangster sold 10,384 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the transaction, the chief operating officer now directly owns 64,333 shares in the company, valued at approximately $3,486,205.27. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO David Sangster sold 10,384 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the transaction, the chief operating officer now directly owns 64,333 shares in the company, valued at approximately $3,486,205.27. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 12,566 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total transaction of $668,762.52. Following the transaction, the chief financial officer now owns 144,902 shares in the company, valued at $7,711,684.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,936 shares of company stock worth $2,531,273. Corporate insiders own 0.46% of the company’s stock.

Nutanix Price Performance

NASDAQ:NTNX traded up $0.63 on Thursday, reaching $51.89. The stock had a trading volume of 1,440,300 shares, compared to its average volume of 2,715,418. The company has a market cap of $12.80 billion, a price-to-earnings ratio of -732.29, a P/E/G ratio of 4.45 and a beta of 1.16. The firm’s fifty day moving average is $52.62 and its two-hundred day moving average is $58.97. Nutanix, Inc. has a 12-month low of $29.25 and a 12-month high of $73.69.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. The company had revenue of $524.58 million for the quarter, compared to analyst estimates of $516.13 million. Nutanix had a negative net margin of 0.57% and a negative return on equity of 7.74%. As a group, research analysts forecast that Nutanix, Inc. will post 0.12 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.