GSA Capital Partners LLP Invests $736,000 in Nutanix (NASDAQ:NTNX)

GSA Capital Partners LLP acquired a new stake in Nutanix (NASDAQ:NTNX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,537 shares of the technology company’s stock, valued at approximately $736,000.

A number of other institutional investors have also modified their holdings of the company. Colonial Trust Co SC acquired a new position in Nutanix during the fourth quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Nutanix by 78.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock valued at $30,000 after acquiring an additional 191 shares in the last quarter. GW&K Investment Management LLC acquired a new position in shares of Nutanix during the 1st quarter valued at $30,000. Fifth Third Bancorp increased its holdings in Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company’s stock valued at $35,000 after purchasing an additional 250 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in Nutanix in the fourth quarter valued at about $70,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Raymond James Financial lowered Nutanix from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 20th. KeyCorp started coverage on shares of Nutanix in a research note on Thursday, June 26th. They set an “overweight” rating and a $95.00 price target on the stock. Piper Sandler reissued an “overweight” rating and issued a $88.00 price objective (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $92.00 target price on shares of Nutanix in a research report on Thursday, May 29th. Finally, Wall Street Zen lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 30th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Nutanix Stock Down 4.1%

NTNX opened at $72.11 on Friday. The company’s 50-day moving average price is $75.14 and its 200 day moving average price is $71.65. Nutanix has a fifty-two week low of $43.35 and a fifty-two week high of $83.36. The firm has a market cap of $19.33 billion, a price-to-earnings ratio of 147.16, a price-to-earnings-growth ratio of 6.65 and a beta of 0.71.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $638.98 million during 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 business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. Research analysts anticipate that Nutanix will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Rajiv Ramaswami sold 61,057 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the completion of the transaction, the chief executive officer owned 497,309 shares in the company, valued at approximately $39,287,411. This represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Virginia Gambale sold 7,000 shares of Nutanix stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $78.00, for a total transaction of $546,000.00. Following the completion of the sale, the director owned 38,330 shares in the company, valued at approximately $2,989,740. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,552,549 shares of company stock valued at $426,621,281 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Nutanix 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.