Banque Cantonale Vaudoise Invests $1.22 Million in Nutanix (NASDAQ:NTNX)

Key Points

• Banque Cantonale Vaudoise acquired a new stake in Nutanix by purchasing 17,495 shares, valued at approximately $1.22 million, in the first quarter of the year.
• Despite a recent 2.1% decline in stock price, Nutanix reported better-than-expected earnings for the quarter with an EPS of $0.42, surpassing the consensus estimate of $0.38.
• Institutional ownership is significant, with 85.25% of Nutanix's stock held by hedge funds and other institutional investors, indicating strong confidence in the company's performance.

Banque Cantonale Vaudoise acquired a new stake in shares of Nutanix (NASDAQ:NTNX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 17,495 shares of the technology company's stock, valued at approximately $1,222,000.

Several other hedge funds have also recently added to or reduced their stakes in NTNX. Colonial Trust Co SC purchased a new position in Nutanix during the 4th quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 valued at $30,000 after buying an additional 191 shares during the period. GW&K Investment Management LLC acquired a new stake in shares of Nutanix during the 1st quarter valued at $30,000. Fifth Third Bancorp boosted its stake in shares of Nutanix by 98.4% during the 1st 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 acquired a new stake in shares of Nutanix during the 4th quarter valued at $70,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Activity

In other news, CEO Rajiv Ramaswami sold 61,057 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the transaction, the chief executive officer owned 497,309 shares in the company, valued at approximately $39,287,411. The trade was a 10.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Groen Max Pieter De sold 5,480,467 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the transaction, the director owned 5,480,468 shares in the company, valued at approximately $420,954,747.08. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,552,549 shares of company stock worth $426,621,281. Insiders own 6.80% of the company's stock.

Nutanix Trading Up 2.3%

NTNX traded up $1.65 during trading on Monday, hitting $73.76. The stock had a trading volume of 1,858,640 shares, compared to its average volume of 2,496,374. The firm has a market cap of $19.77 billion, a PE ratio of 147.16, a P/E/G ratio of 5.03 and a beta of 0.71. Nutanix has a 12 month low of $43.35 and a 12 month high of $83.36. The company has a 50 day simple moving average of $75.14 and a 200-day simple moving average of $71.69.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results 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 firm had revenue of $638.98 million for the quarter, compared to the consensus estimate of $626.12 million. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The business's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. As a group, sell-side analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NTNX shares. Piper Sandler reissued an "overweight" rating and set a $88.00 target price (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Susquehanna lifted their target price on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. KeyCorp started coverage on shares of Nutanix in a research note on Thursday, June 26th. They set an "overweight" rating and a $95.00 target price for the company. The Goldman Sachs Group started coverage on shares of Nutanix in a research note on Tuesday, July 15th. They set a "buy" rating and a $95.00 target price for the company. Finally, Raymond James Financial lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.00.

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.