Mercer Global Advisors Inc. ADV Has $388,000 Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Mercer Global Advisors Inc. ADV raised its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,003 shares of the technology company’s stock after acquiring an additional 578 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Nutanix were worth $388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTNX. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Nutanix in the 2nd quarter valued at $25,000. Kapitalo Investimentos Ltda bought a new stake in shares of Nutanix in the 4th quarter valued at $37,000. GAMMA Investing LLC boosted its stake in shares of Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock valued at $53,000 after purchasing an additional 243 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Nutanix in the 1st quarter valued at $64,000. Finally, Versant Capital Management Inc boosted its stake in shares of Nutanix by 18,916.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,141 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,135 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Trading Down 2.6 %

NTNX stock opened at $59.61 on Monday. The firm has a 50 day moving average of $54.93 and a 200-day moving average of $58.70. Nutanix, Inc. has a 12 month low of $33.78 and a 12 month high of $73.69. The firm has a market capitalization of $14.70 billion, a P/E ratio of -851.57, a price-to-earnings-growth ratio of 12.23 and a beta of 1.19.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $537.12 million. Sell-side analysts predict that Nutanix, Inc. will post 0.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NTNX shares. Raymond James upped their price objective on shares of Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Barclays raised their price objective on shares of Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Nutanix in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their target price on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Finally, Piper Sandler raised their price objective on shares of Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and a consensus target price of $73.31.

Insiders Place Their Bets

In other Nutanix news, 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 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 $11,309,145.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction 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 transaction, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. The disclosure for this sale can be found here. 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.