Wealth Enhancement Advisory Services LLC Purchases 15,829 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 310.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,928 shares of the technology company’s stock after purchasing an additional 15,829 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Nutanix were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in 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 purchasing an additional 369 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new stake in Nutanix during the 1st quarter valued at approximately $230,000. Commonwealth Equity Services LLC raised its holdings in Nutanix by 10.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 10,182 shares of the technology company’s stock worth $628,000 after purchasing an additional 928 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Nutanix in the 1st quarter valued at $1,384,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Nutanix by 91.2% during the first quarter. Janney Montgomery Scott LLC now owns 33,428 shares of the technology company’s stock worth $2,063,000 after buying an additional 15,942 shares during the period. Institutional investors own 85.25% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction dated 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 approximately $11,309,145.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Nutanix news, 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 value of $714,968.50. Following the completion of 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 in the company, valued at $11,309,145.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Nutanix Stock Down 0.1 %

Shares of NASDAQ NTNX opened at $62.51 on Tuesday. The firm has a market capitalization of $16.58 billion, a P/E ratio of -120.21, a P/E/G ratio of 12.59 and a beta of 1.17. The stock’s 50-day simple moving average is $61.18 and its two-hundred day simple moving average is $58.50. Nutanix, Inc. has a twelve month low of $37.28 and a twelve 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. 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 during the quarter, compared to analysts’ expectations of $537.12 million. As a group, research analysts anticipate that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NTNX has been the topic of several recent analyst reports. Northland Securities boosted their price target on Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Morgan Stanley upgraded Nutanix from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $71.00 to $72.00 in a report on Monday, October 28th. Bank of America raised their price objective on shares of Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Raymond James lifted their target price on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $80.00 target price on shares of Nutanix in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and an average target price of $73.38.

Nutanix Profile

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.