19,323 Shares in Nutanix $NTNX Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of Nutanix (NASDAQ:NTNX) in the first quarter, HoldingsChannel reports. The fund acquired 19,323 shares of the technology company’s stock, valued at approximately $1,349,000.

Other institutional investors have also made changes to their positions in the company. GW&K Investment Management LLC acquired a new stake in shares of Nutanix during the first quarter worth $30,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock worth $30,000 after purchasing an additional 191 shares during the period. Colonial Trust Co SC acquired a new stake in shares of Nutanix during the fourth quarter worth $28,000. SouthState Corp acquired a new stake in shares of Nutanix during the first quarter worth $32,000. Finally, Fifth Third Bancorp grew its stake in shares of Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company’s stock worth $35,000 after purchasing an additional 250 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nutanix

In other news, Director Virginia Gambale sold 7,000 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $78.00, for a total value of $546,000.00. Following the sale, the director directly owned 38,330 shares in the company, valued at $2,989,740. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Groen Max Pieter De sold 5,480,467 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the completion of the sale, the director owned 5,480,468 shares in the company, valued at approximately $420,954,747.08. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,491,492 shares of company stock valued at $421,797,778. 6.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NTNX has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Piper Sandler reiterated an “overweight” rating and set a $88.00 target price (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Susquehanna lifted their target price on Nutanix from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Thursday, May 29th. Raymond James Financial lowered Nutanix from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 20th. Finally, Wall Street Zen lowered Nutanix from a “strong-buy” rating to a “buy” rating in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Nutanix Price Performance

Shares of Nutanix stock opened at $68.79 on Friday. The firm has a market cap of $18.44 billion, a price-to-earnings ratio of 138.65, a price-to-earnings-growth ratio of 4.48 and a beta of 0.71. The stock’s 50-day moving average is $73.35 and its 200-day moving average is $72.00. Nutanix has a one year low of $52.18 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%.The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. On average, equities analysts expect that Nutanix will post 0.31 EPS for the current year.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.