Counterpoint Mutual Funds LLC Has $668,000 Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Counterpoint Mutual Funds LLC lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 80.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,820 shares of the technology company’s stock after purchasing an additional 4,819 shares during the quarter. Nutanix makes up about 0.2% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 26th largest position. Counterpoint Mutual Funds LLC’s holdings in Nutanix were worth $668,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in Nutanix in the 4th quarter valued at $29,000. GAMMA Investing LLC acquired a new stake in Nutanix in the 4th quarter valued at $30,000. Kapitalo Investimentos Ltda acquired a new stake in Nutanix in the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd acquired a new stake in Nutanix in the 4th quarter valued at $40,000. Finally, Fifth Third Bancorp acquired a new stake in Nutanix in the 4th quarter valued at $62,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of Nutanix stock traded up $1.56 during trading hours on Wednesday, hitting $54.98. The company’s stock had a trading volume of 3,140,475 shares, compared to its average volume of 2,724,292. Nutanix, Inc. has a 12 month low of $26.47 and a 12 month high of $73.69. The stock has a 50 day moving average of $61.25 and a 200 day moving average of $58.19. The company has a market capitalization of $13.56 billion, a PE ratio of -785.17, a price-to-earnings-growth ratio of 14.35 and a beta of 1.10.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.12. The company had revenue of $524.58 million during the quarter, compared to analysts’ expectations of $516.13 million. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. Equities analysts expect that Nutanix, Inc. will post 0.09 EPS for the current year.

Insider Transactions at Nutanix

In other Nutanix news, COO David Sangster sold 10,384 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total value of $668,762.52. Following the sale, the chief financial officer now owns 144,902 shares of the company’s stock, valued at approximately $7,711,684.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO David Sangster sold 10,384 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the completion of the sale, the chief operating officer now directly owns 64,333 shares in the company, valued at approximately $3,486,205.27. The disclosure for this sale can be found here. Insiders sold 99,965 shares of company stock valued at $5,965,961 over the last three months. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on NTNX shares. Bank of America boosted their price target on Nutanix from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Piper Sandler boosted their price objective on Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Northland Securities downgraded Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 target price for the company. in a research report on Thursday, May 30th. Finally, Morgan Stanley dropped their target price on Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and an average target price of $72.00.

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.