Cwm LLC Has $285,000 Position in Nutanix, Inc. (NASDAQ:NTNX)

Cwm LLC lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 31.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,970 shares of the technology company’s stock after buying an additional 1,443 shares during the period. Cwm LLC’s holdings in Nutanix were worth $285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BluePath Capital Management LLC purchased a new stake in Nutanix in the 3rd quarter worth about $31,000. Fifth Third Bancorp purchased a new position in Nutanix during the 4th quarter valued at about $62,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Nutanix in the 3rd quarter valued at about $107,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Nutanix in the third quarter worth approximately $143,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Nutanix during the third quarter worth approximately $224,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NTNX shares. Morgan Stanley increased their target price on shares of Nutanix from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. lifted their price objective on Nutanix from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Susquehanna boosted their target price on Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Wednesday, April 10th. Needham & Company LLC raised their price target on Nutanix from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 12th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and an average price target of $65.17.

Nutanix Stock Up 0.1 %

NASDAQ:NTNX opened at $62.24 on Friday. The company’s 50 day moving average is $62.56 and its 200-day moving average is $52.09. Nutanix, Inc. has a 12 month low of $23.88 and a 12 month high of $66.99. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of -172.89 and a beta of 1.27.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $565.23 million during the quarter, compared to analyst estimates of $551.82 million. Research analysts predict that Nutanix, Inc. will post -0.04 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the transaction, the director now directly owns 3,962 shares in the company, valued at approximately $254,003.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Steven J. Gomo sold 25,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the transaction, the director now directly owns 3,962 shares in the company, valued at $254,003.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tyler Wall sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $62.25, for a total value of $933,750.00. Following the completion of the sale, the insider now owns 13,168 shares of the company’s stock, valued at approximately $819,708. The disclosure for this sale can be found here. Insiders have sold a total of 129,506 shares of company stock valued at $8,270,938 in the last three months. Company insiders own 0.46% of the company’s stock.

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.