Claro Advisors LLC Makes New $207,000 Investment in Nutanix, Inc. (NASDAQ:NTNX)

Claro Advisors LLC acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,496 shares of the technology company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTNX. CIBC Asset Management Inc raised its position in Nutanix by 3.4% during the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after purchasing an additional 233 shares in the last quarter. ING Groep NV purchased a new position in shares of Nutanix during the 3rd quarter valued at about $1,108,000. Aigen Investment Management LP bought a new stake in Nutanix in the 3rd quarter worth approximately $590,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Nutanix by 75.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,600 shares of the technology company’s stock worth $510,000 after buying an additional 3,700 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Nutanix during the third quarter worth approximately $1,001,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. The trade was a 11.23 % 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. Also, COO David Sangster sold 11,950 shares of the stock in a transaction 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 directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Northland Securities lifted their price objective on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Needham & Company LLC reissued a “buy” rating and issued a $80.00 target price on shares of Nutanix in a research note on Thursday, August 29th. Raymond James raised their price target on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Oppenheimer began coverage on Nutanix in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective for the company. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.86.

Nutanix Stock Performance

Nutanix stock opened at $68.44 on Wednesday. Nutanix, Inc. has a fifty-two week low of $39.15 and a fifty-two week high of $73.69. The stock’s 50 day simple moving average is $63.06 and its two-hundred day simple moving average is $59.12. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of -131.62, a PEG ratio of 13.22 and a beta of 1.17.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. The company had revenue of $547.95 million for the quarter, compared to analysts’ expectations of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. On average, analysts predict that Nutanix, Inc. will post 0.27 earnings per share for the current 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.