Nutanix $NTNX Stock: Nisa Investment Advisors LLC Boosts Holdings

Nisa Investment Advisors LLC boosted its holdings in shares of Nutanix (NASDAQ:NTNX) by 114.0% during the third quarter, HoldingsChannel reports. The fund owned 13,551 shares of the technology company’s stock after purchasing an additional 7,219 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Nutanix were worth $954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in Nutanix by 1,535.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,262,231 shares of the technology company’s stock valued at $166,243,000 after acquiring an additional 3,062,730 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Nutanix by 26.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,589,508 shares of the technology company’s stock valued at $60,416,000 after acquiring an additional 331,700 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Nutanix by 628.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock worth $45,046,000 after purchasing an additional 1,022,516 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Nutanix by 308.1% during the first quarter. Pacer Advisors Inc. now owns 1,135,857 shares of the technology company’s stock worth $43,174,000 after purchasing an additional 857,559 shares during the period. Finally, Ardmore Road Asset Management LP lifted its holdings in shares of Nutanix by 16.7% during the first quarter. Ardmore Road Asset Management LP now owns 790,400 shares of the technology company’s stock worth $30,043,000 after purchasing an additional 113,116 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

Shares of NTNX stock opened at $72.71 on Tuesday. The business’s 50 day simple moving average is $68.99 and its 200 day simple moving average is $52.08. Nutanix has a one year low of $34.01 and a one year high of $75.98. The stock has a market capitalization of $19.67 billion, a PE ratio of 14.09, a PEG ratio of 3.50 and a beta of 0.64. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.80 and a quick ratio of 1.80.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The business had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts forecast that Nutanix will post 1.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NTNX. Morgan Stanley boosted their price objective on shares of Nutanix from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Nutanix in a research report on Tuesday, August 25th. Rosenblatt Securities raised their target price on Nutanix from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 target price (up from $60.00) on shares of Nutanix in a report on Thursday, August 27th. Finally, Needham & Company LLC initiated coverage on Nutanix in a report on Monday, September 28th. They set a “buy” rating and a $90.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.87.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 324,955 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $73.57, for a total value of $23,906,939.35. Following the sale, the chief executive officer directly owned 489,384 shares of the company’s stock, valued at approximately $36,003,980.88. This represents a 39.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 232,712 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $74.55, for a total transaction of $17,348,679.60. Following the completion of the sale, the chief financial officer directly owned 92,775 shares in the company, valued at approximately $6,916,376.25. This represents a 71.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 674,351 shares of company stock worth $49,736,524. Company insiders own 2.40% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc is a cloud computing and enterprise software company that provides infrastructure and platform services for running applications across private, hybrid and multicloud environments. Its products are designed to simplify the management of data centers and cloud resources by combining computing, storage, virtualization, networking and data services within a unified software platform.

The company’s offerings include the Nutanix Cloud Platform, which supports enterprise applications and workloads across on-premises infrastructure and public clouds.