10,537 Shares in Nutanix (NASDAQ:NTNX) Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP has invested approximately $736,000 in Nutanix, acquiring 10,537 shares during the first quarter.
• Nutanix shares recently experienced a 4.1% decline, opening at $72.11, with a market cap of $19.33 billion and a price-to-earnings ratio of 147.16.
• The company reported a $0.42 EPS for the latest quarter, surpassing estimates and indicating a revenue growth of 21.8% year-over-year.

GSA Capital Partners LLP acquired a new stake in Nutanix (NASDAQ:NTNX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,537 shares of the technology company's stock, valued at approximately $736,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NTNX. LPL Financial LLC increased its position in shares of Nutanix by 4.8% in the fourth quarter. LPL Financial LLC now owns 71,732 shares of the technology company's stock valued at $4,389,000 after buying an additional 3,276 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Nutanix by 5.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company's stock worth $282,000 after purchasing an additional 249 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Nutanix by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock worth $263,275,000 after purchasing an additional 163,874 shares in the last quarter. Prudential PLC increased its position in shares of Nutanix by 19.7% during the fourth quarter. Prudential PLC now owns 43,341 shares of the technology company's stock worth $2,652,000 after purchasing an additional 7,142 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Nutanix during the fourth quarter worth approximately $4,385,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the company's stock in a transaction 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 of the company's stock, valued at $15,205,661.10. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Groen Max Pieter De sold 5,480,467 shares of the stock in a transaction dated 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 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. In the last 90 days, insiders sold 5,552,549 shares of company stock worth $426,621,281. Company insiders own 6.80% of the company's stock.

Nutanix Stock Performance

Shares of Nutanix stock traded up $1.65 during trading hours on Monday, hitting $73.76. The company's stock had a trading volume of 1,858,643 shares, compared to its average volume of 1,900,495. Nutanix has a twelve month low of $43.35 and a twelve month high of $83.36. The firm has a fifty day moving average of $75.14 and a 200-day moving average of $71.69. The stock has a market cap of $19.77 billion, a price-to-earnings ratio of 147.16, a P/E/G ratio of 5.03 and a beta of 0.71.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS 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 business 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 posted $0.28 EPS. The company's quarterly revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

NTNX has been the subject of several research reports. The Goldman Sachs Group initiated coverage on Nutanix in a research report on Tuesday, July 15th. They set a "buy" rating and a $95.00 price target for the company. Raymond James Financial cut Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. 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. Needham & Company LLC reiterated a "buy" rating and set a $92.00 price target on shares of Nutanix in a research report on Thursday, May 29th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $90.00 price target (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Nutanix presently has a consensus 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.