ASR Vermogensbeheer N.V. Takes Position in Nutanix (NASDAQ:NTNX)

Key Points

• ASR Vermogensbeheer N.V. acquired nearly 5,000 shares of Nutanix valued at approximately $345,000 during the 1st quarter.
• Nutanix reported $638.98 million in revenue for the recent quarter, up 21.8% year-over-year, and exceeded EPS estimates by $0.04.
• Analysts have a consensus price target of $91.00 for Nutanix, with the majority rating the stock as a Moderate Buy.

ASR Vermogensbeheer N.V. acquired a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,945 shares of the technology company's stock, valued at approximately $345,000.

Other large investors have also added to or reduced their stakes in the company. Colonial Trust Co SC bought a new stake in Nutanix during the 4th quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB boosted its stake in Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after buying an additional 191 shares during the period. GW&K Investment Management LLC bought a new stake in Nutanix during the first quarter valued at $30,000. Fifth Third Bancorp boosted its stake in Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after buying an additional 250 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in shares of Nutanix during the 4th quarter worth $70,000. Institutional investors own 85.25% of the company's stock.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 209,070 shares in the company, valued at approximately $15,205,661.10. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Virginia Gambale sold 7,000 shares of Nutanix stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $78.00, for a total transaction of $546,000.00. Following the transaction, the director owned 38,330 shares of the company's stock, valued at $2,989,740. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,491,492 shares of company stock valued at $421,797,778 over the last 90 days. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NTNX has been the subject of a number of research reports. Citigroup upgraded Nutanix to a "positive" rating in a report on Tuesday, August 5th. Susquehanna boosted their target price on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Thursday, May 29th. The Goldman Sachs Group assumed coverage on shares of Nutanix in a research report on Tuesday, July 15th. They set a "buy" rating and a $95.00 price target on the stock. Raymond James Financial lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $92.00 price objective on shares of Nutanix in a research note on Thursday, May 29th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $91.00.

Nutanix Trading Up 1.2%

NASDAQ NTNX traded up $0.84 on Wednesday, hitting $70.19. The company's stock had a trading volume of 2,414,690 shares, compared to its average volume of 2,501,384. The firm has a market cap of $18.82 billion, a P/E ratio of 146.12, a PEG ratio of 4.80 and a beta of 0.71. Nutanix has a 52-week low of $50.66 and a 52-week high of $83.36. The company's 50-day simple moving average is $74.23 and its 200 day simple moving average is $71.96.

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

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.