Perpetual Ltd Decreases Holdings in Nutanix $NTNX

Perpetual Ltd trimmed its position in Nutanix (NASDAQ:NTNX) by 32.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 505,491 shares of the technology company’s stock after selling 243,408 shares during the period. Perpetual Ltd owned approximately 0.19% of Nutanix worth $37,603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Nutanix by 19.6% in the 1st quarter. Northern Trust Corp now owns 1,778,753 shares of the technology company’s stock worth $124,175,000 after purchasing an additional 291,188 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Nutanix in the first quarter valued at about $1,349,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Nutanix by 20.0% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,215 shares of the technology company’s stock worth $853,000 after acquiring an additional 2,039 shares in the last quarter. Candriam S.C.A. grew its stake in shares of Nutanix by 255.2% during the first quarter. Candriam S.C.A. now owns 17,023 shares of the technology company’s stock worth $1,188,000 after acquiring an additional 12,231 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Nutanix by 24.3% during the first quarter. Ameriprise Financial Inc. now owns 1,052,162 shares of the technology company’s stock valued at $73,451,000 after acquiring an additional 205,353 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on NTNX. Northland Securities lowered their target price on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, November 26th. Zacks Research downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Piper Sandler reissued an “overweight” rating and set a $72.00 price objective (down from $88.00) on shares of Nutanix in a report on Wednesday, November 26th. Barclays restated an “overweight” rating and issued a $64.00 target price on shares of Nutanix in a research note on Wednesday, November 26th. Finally, KeyCorp dropped their price target on Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.13.

Nutanix Price Performance

Shares of Nutanix stock opened at $52.30 on Friday. The stock has a market cap of $14.14 billion, a PE ratio of 69.73, a price-to-earnings-growth ratio of 5.39 and a beta of 0.53. The firm has a fifty day moving average price of $60.23 and a 200 day moving average price of $68.95. Nutanix has a 1 year low of $46.12 and a 1 year high of $83.36.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $670.58 million for the quarter, compared to the consensus estimate of $677.23 million. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. As a group, equities analysts expect that Nutanix will post 0.31 EPS for the current year.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 144,707 shares of Nutanix stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the completion of the transaction, the chief executive officer directly owned 524,608 shares in the company, valued at approximately $40,090,543.36. This trade represents a 21.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $76.48, for a total value of $267,680.00. Following the completion of the transaction, the director directly owned 22,400 shares of the company’s stock, valued at $1,713,152. The trade was a 13.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.40% of the stock is owned by company insiders.

Nutanix Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.