31,556 Shares in Nutanix $NTNX Purchased by Asset Management One Co. Ltd.

Key Points

• Asset Management One purchased 31,556 Nutanix shares worth approximately $2.22 million during the third quarter. Institutional investors collectively own 85.25% of the company.
• Nutanix exceeded quarterly expectations, reporting adjusted EPS of $0.60 versus the $0.49 consensus and revenue of $757.08 million, up 15.9% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and $74.87 average price target, although insiders sold 674,351 shares worth roughly $49.7 million during the quarter.

Asset Management One Co. Ltd. bought a new stake in Nutanix (NASDAQ:NTNX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,556 shares of the technology company's stock, valued at approximately $2,222,000.

Several other large investors have also modified their holdings of NTNX. CX Institutional grew its holdings in shares of Nutanix by 134.6% during the 2nd quarter. CX Institutional now owns 488 shares of the technology company's stock worth $25,000 after purchasing an additional 280 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Nutanix by 43.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company's stock worth $29,000 after purchasing an additional 176 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Nutanix during the 1st quarter worth about $27,000. V Square Quantitative Management LLC raised its holdings in Nutanix by 41.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 876 shares of the technology company's stock valued at $62,000 after buying an additional 258 shares during the period. Finally, CoreCap Advisors LLC raised its holdings in Nutanix by 28.6% in the 2nd quarter. CoreCap Advisors LLC now owns 900 shares of the technology company's stock valued at $46,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Stock Down 4.1%

Nutanix stock opened at $64.43 on Tuesday. The firm has a market capitalization of $17.43 billion, a P/E ratio of 61.58, a P/E/G ratio of 3.60 and a beta of 0.64. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.92. Nutanix has a twelve month low of $34.01 and a twelve month high of $75.98. The stock's fifty day simple moving average is $69.45 and its 200-day simple moving average is $52.59.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Northland Securities set a $70.00 price target on shares of Nutanix in a research report on Thursday, August 27th. Royal Bank Of Canada increased their price objective on shares of Nutanix from $84.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Piper Sandler reiterated an "overweight" rating and issued a $75.00 target price (up from $60.00) on shares of Nutanix in a report on Thursday, August 27th. Weiss Ratings raised Nutanix from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Finally, Needham & Company LLC initiated coverage on Nutanix in a research report on Monday, September 28th. They issued a "buy" rating and a $90.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Nutanix has a consensus rating of "Moderate Buy" and a consensus price target of $74.87.

Insiders Place Their Bets

In related news, CFO Rukmini Sivaraman sold 232,712 shares of the company's stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $74.55, for a total value of $17,348,679.60. Following the sale, the chief financial officer owned 92,775 shares in the company, valued at $6,916,376.25. This represents a 71.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Teresa Sheppard sold 3,500 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $73.67, for a total value of $257,845.00. Following the completion of the transaction, the director directly owned 23,488 shares of the company's stock, valued at $1,730,360.96. The trade was a 12.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 674,351 shares of company stock worth $49,736,524. 2.30% of the stock is owned by corporate insiders.

About Nutanix

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.

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