Forsta AP Fonden Boosts Holdings in Nutanix (NASDAQ:NTNX)

Key Points

• Forsta AP Fonden has increased its stake in Nutanix by 76.9% during the 1st quarter, purchasing an additional 50,700 shares, bringing its total holdings to 116,600 shares valued at approximately $8.14 million.
• Nutanix reported earnings of $0.42 per share for the last quarter, surpassing expectations of $0.38, along with a revenue of $638.98 million, showing a year-over-year growth of 21.8%.
• Insider transactions have seen significant shares sold recently, including a 50% ownership stake decrease by Director Groen Max Pieter De, who sold over 5.48 million shares totaling approximately $420.95 million.

Forsta AP Fonden increased its stake in Nutanix (NASDAQ:NTNX - Free Report) by 76.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 116,600 shares of the technology company's stock after buying an additional 50,700 shares during the quarter. Forsta AP Fonden's holdings in Nutanix were worth $8,140,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NTNX. Contour Asset Management LLC purchased a new stake in Nutanix during the fourth quarter valued at about $87,318,000. Perpetual Ltd lifted its holdings in Nutanix by 10,205.2% during the first quarter. Perpetual Ltd now owns 875,946 shares of the technology company's stock valued at $61,150,000 after purchasing an additional 867,446 shares during the last quarter. Cadian Capital Management LP lifted its holdings in Nutanix by 68.5% during the fourth quarter. Cadian Capital Management LP now owns 1,455,792 shares of the technology company's stock valued at $89,065,000 after purchasing an additional 591,892 shares during the last quarter. Annex Advisory Services LLC purchased a new stake in Nutanix during the first quarter valued at about $37,294,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Nutanix by 48.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,314,509 shares of the technology company's stock valued at $80,422,000 after purchasing an additional 428,171 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Price Performance

NASDAQ:NTNX traded up $0.84 during trading hours on Wednesday, hitting $70.19. The company had a trading volume of 2,239,695 shares, compared to its average volume of 2,499,402. The company has a market capitalization of $18.82 billion, a PE ratio of 146.12, a price-to-earnings-growth ratio of 4.80 and a beta of 0.71. The stock has a 50-day moving average price of $74.37 and a 200 day moving average price of $71.98. Nutanix has a 52 week low of $50.66 and a 52 week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating 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 negative return on equity of 21.32% and a net margin of 0.97%. The company's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. Analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NTNX shares. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Susquehanna upped their price objective on shares of 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 began coverage on shares of Nutanix in a research report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price objective on the stock. Raymond James Financial cut shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Finally, Piper Sandler reiterated an "overweight" rating and set a $88.00 price target (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $91.00.

Insider Buying and Selling

In other news, Director Virginia Gambale sold 7,000 shares of Nutanix stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $78.00, for a total value of $546,000.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the completion of the transaction, the chief financial officer directly owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,491,492 shares of company stock worth $421,797,778 in the last 90 days. 6.80% of the stock is owned by company insiders.

Nutanix 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.