Aigen Investment Management LP Invests $788,000 in Nutanix (NASDAQ:NTNX)

Key Points

• Aigen Investment Management LP has invested approximately $788,000 in Nutanix by purchasing 11,288 shares during the first quarter, according to their 13F filing.
• Nutanix's stock has shown a significant rise, with a 12 month high of $83.36 and a recent opening price of $68.81, reflecting strong market interest and performance.
• Equities analysts have varied opinions on Nutanix, with ratings ranging from "buy" to "market perform" and an average price target of $91.00 for the stock.

Aigen Investment Management LP purchased a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,288 shares of the technology company's stock, valued at approximately $788,000.

Several other large investors also recently bought and sold shares of NTNX. First Trust Advisors LP lifted its position in Nutanix by 9.3% during the fourth quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company's stock worth $214,055,000 after buying an additional 297,754 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Nutanix by 9.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 3,086,513 shares of the technology company's stock worth $188,833,000 after acquiring an additional 269,866 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Nutanix by 21.2% during the 1st quarter. Federated Hermes Inc. now owns 2,423,978 shares of the technology company's stock worth $169,218,000 after acquiring an additional 423,249 shares during the period. AQR Capital Management LLC raised its holdings in shares of Nutanix by 16.8% during the 4th quarter. AQR Capital Management LLC now owns 2,177,956 shares of the technology company's stock worth $133,247,000 after acquiring an additional 314,060 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Nutanix by 7.5% during the 4th quarter. Northern Trust Corp now owns 1,487,565 shares of the technology company's stock valued at $91,009,000 after acquiring an additional 103,655 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $68.81 on Tuesday. The firm has a market capitalization of $18.45 billion, a price-to-earnings ratio of 146.12, a price-to-earnings-growth ratio of 4.99 and a beta of 0.71. The business's 50 day simple moving average is $74.54 and its 200-day simple moving average is $71.99. Nutanix has a 12 month low of $49.16 and a 12 month high of $83.36.

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

Analysts Set New Price Targets

A number of equities analysts have commented on NTNX shares. Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 price target (up previously from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. The Goldman Sachs Group assumed coverage on Nutanix in a report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price objective on the stock. Wall Street Zen cut Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 30th. Finally, KeyCorp assumed coverage on Nutanix in a research report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Nutanix currently has a consensus rating of "Moderate Buy" and an average target price of $91.00.

Insider Activity

In related news, Director Groen Max Pieter De sold 5,480,467 shares of the 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 transaction, the director directly owned 5,480,468 shares of the company's stock, valued at approximately $420,954,747.08. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix stock in a transaction on Monday, June 16th. The shares were sold at an average price of $72.73, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 5,491,492 shares of company stock worth $421,797,778. Company insiders own 6.80% of the company's stock.

About Nutanix

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.

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