Linden Advisors LP Makes New Investment in Nutanix $NTNX

Linden Advisors LP bought a new stake in Nutanix (NASDAQ:NTNX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 103,193 shares of the technology company’s stock, valued at approximately $7,888,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Twin Tree Management LP acquired a new stake in shares of Nutanix in the first quarter valued at about $29,000. SouthState Corp acquired a new stake in shares of Nutanix during the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its stake in Nutanix by 42.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Nutanix during the second quarter worth $45,000. Finally, Banque Transatlantique SA purchased a new stake in Nutanix during the first quarter worth $46,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Rajiv Ramaswami sold 144,707 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the transaction, the chief executive officer directly owned 524,608 shares in the company, valued at $40,090,543.36. This represents a 21.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total transaction of $267,680.00. Following the completion of the sale, the director directly owned 22,400 shares in the company, valued at $1,713,152. This represents a 13.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 159,598 shares of company stock worth $12,218,560. 2.40% of the stock is owned by company insiders.

Nutanix Stock Performance

NTNX stock opened at $47.58 on Friday. The company has a 50 day moving average price of $62.30 and a two-hundred day moving average price of $69.90. The stock has a market capitalization of $12.79 billion, a P/E ratio of 63.44, a PEG ratio of 5.04 and a beta of 0.53. Nutanix has a one year low of $46.12 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The company had revenue of $670.58 million for the quarter, compared to analyst estimates of $677.23 million. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 EPS. Research analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Northland Capmk cut Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Needham & Company LLC lowered their price objective on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Morgan Stanley cut their target price on shares of Nutanix from $90.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. KeyCorp lowered their price target on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Finally, Piper Sandler reissued an “overweight” rating and set a $72.00 price objective (down from $88.00) on shares of Nutanix in a research note on Wednesday, November 26th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and a consensus target price of $75.13.

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.