Wells Fargo & Company MN Has $7.31 Million Position in Nutanix Inc (NASDAQ:NTNX)

Wells Fargo & Company MN grew its position in Nutanix Inc (NASDAQ:NTNX) by 14.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 462,524 shares of the technology company’s stock after buying an additional 58,771 shares during the quarter. Wells Fargo & Company MN owned 0.24% of Nutanix worth $7,308,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Blair William & Co. IL raised its position in shares of Nutanix by 7.8% in the 4th quarter. Blair William & Co. IL now owns 256,705 shares of the technology company’s stock valued at $8,025,000 after buying an additional 18,506 shares in the last quarter. US Bancorp DE raised its position in shares of Nutanix by 89.1% in the 1st quarter. US Bancorp DE now owns 6,916 shares of the technology company’s stock valued at $110,000 after buying an additional 3,258 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Nutanix by 60.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,208 shares of the technology company’s stock valued at $304,000 after buying an additional 7,216 shares in the last quarter. AlpInvest Partners B.V. acquired a new position in shares of Nutanix in the 4th quarter valued at approximately $2,514,000. Finally, Amalgamated Bank raised its position in shares of Nutanix by 28.8% in the 4th quarter. Amalgamated Bank now owns 45,831 shares of the technology company’s stock valued at $1,433,000 after buying an additional 10,252 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of Nutanix from a “strong sell” rating to a “sell” rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Nutanix from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Piper Sandler upped their price objective on shares of Nutanix from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. JMP Securities lowered their price objective on shares of Nutanix from $52.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th. Finally, ValuEngine cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Nutanix currently has an average rating of “Hold” and an average target price of $31.47.

In other news, CFO Duston Williams sold 22,254 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $23.12, for a total value of $514,512.48. Following the sale, the chief financial officer now directly owns 197,351 shares of the company’s stock, valued at approximately $4,562,755.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Aaron Boynton sold 2,020 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $23.12, for a total transaction of $46,702.40. Following the completion of the sale, the chief accounting officer now directly owns 17,558 shares in the company, valued at $405,940.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,785 shares of company stock worth $1,127,909. Insiders own 9.79% of the company’s stock.

NASDAQ:NTNX opened at $22.80 on Tuesday. The firm’s fifty day moving average is $22.99 and its 200-day moving average is $25.49. The company has a debt-to-equity ratio of 9.21, a quick ratio of 1.54 and a current ratio of 1.54. Nutanix Inc has a 52 week low of $11.31 and a 52 week high of $37.86. The firm has a market cap of $4.41 billion, a P/E ratio of -4.95 and a beta of 2.00.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, May 27th. The technology company reported ($0.69) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.86) by $0.17. Nutanix had a negative net margin of 68.91% and a negative return on equity of 1,175,319.00%. The company had revenue of $318.30 million for the quarter, compared to analyst estimates of $314.53 million. During the same period in the prior year, the firm posted ($0.56) EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Nutanix Inc will post -4.43 earnings per share for the current year.

Nutanix Company Profile

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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