Achmea Investment Management B.V. Invests $2.38 Million in Nutanix (NASDAQ:NTNX)

Achmea Investment Management B.V. bought a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 34,064 shares of the technology company's stock, valued at approximately $2,378,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harbour Investments Inc. lifted its holdings in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after buying an additional 418 shares during the period. Colonial Trust Co SC bought a new stake in Nutanix in the fourth quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB boosted 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 worth $30,000 after buying an additional 191 shares in the last quarter. Principal Securities Inc. grew its position in shares of Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after buying an additional 199 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of 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 acquiring an additional 250 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Down 1.6%

NASDAQ NTNX traded down $1.22 on Tuesday, reaching $75.23. The company had a trading volume of 1,175,612 shares, compared to its average volume of 2,531,085. The company's fifty day moving average is $74.83 and its 200 day moving average is $69.78. Nutanix has a 52-week low of $43.35 and a 52-week high of $83.36. The stock has a market capitalization of $20.17 billion, a P/E ratio of 153.65, a P/E/G ratio of 6.79 and a beta of 0.68.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The firm had revenue of $638.98 million during the quarter, compared to analyst estimates of $626.12 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business's revenue was up 21.8% compared to the same quarter last year. On average, research analysts expect that Nutanix will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on NTNX shares. Morgan Stanley reissued an "overweight" rating and set a $90.00 target price (up from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Susquehanna raised their target price on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Needham & Company LLC reaffirmed a "buy" rating and issued a $92.00 target price on shares of Nutanix in a research report on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and issued a $88.00 price target (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Finally, KeyCorp started coverage on Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 price objective for the company. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.71.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the transaction, the chief financial officer owned 209,070 shares in the company, valued at $15,205,661.10. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $76.81, for a total value of $420,954,670.27. Following the sale, the director owned 5,480,468 shares in the company, valued at $420,954,747.08. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,552,549 shares of company stock worth $426,621,281. Corporate insiders own 6.80% of the company's stock.

Nutanix Company 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.