33,910 Shares in Nutanix (NASDAQ:NTNX) Acquired by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG has made a new investment in Nutanix (NASDAQ:NTNX), acquiring 33,910 shares valued at approximately $2.37 million during the first quarter.
• Insider trades include CFO Rukmini Sivaraman and CEO Rajiv Ramaswami each selling shares, with total insider sales amounting to $426.6 million over the last three months.
• Analyst ratings for Nutanix show a consensus of "Moderate Buy" with a target price of $91.00, while recent reports indicate varied ratings from brokerages.

J. Safra Sarasin Holding AG purchased a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 33,910 shares of the technology company's stock, valued at approximately $2,367,000.

Several other large investors have also made changes to their positions in the business. GW&K Investment Management LLC acquired a new position in shares of Nutanix in the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB increased its holdings in 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 purchasing an additional 191 shares in the last quarter. Colonial Trust Co SC acquired a new stake in Nutanix during the 4th quarter valued at $28,000. Fifth Third Bancorp boosted its position in Nutanix by 98.4% in 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 last quarter. Finally, Raiffeisen Bank International AG bought a new position in Nutanix in the 4th quarter valued at $70,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Activity at Nutanix

In other news, Director Virginia Gambale sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $78.00, for a total value of $546,000.00. Following the completion of the sale, the director directly owned 38,330 shares of the company's stock, valued at $2,989,740. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 209,070 shares in the company, valued at $15,205,661.10. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,552,549 shares of company stock valued at $426,621,281 over the last ninety days. 6.80% of the stock is owned by company insiders.

Nutanix Trading Up 1.4%

Shares of NASDAQ:NTNX traded up $1.00 on Wednesday, hitting $74.30. 192,053 shares of the company were exchanged, compared to its average volume of 2,480,683. The firm has a market capitalization of $19.92 billion, a P/E ratio of 150.53, a price-to-earnings-growth ratio of 5.14 and a beta of 0.71. The stock's 50 day moving average price is $74.91 and its 200 day moving average price is $71.76. Nutanix has a 1-year low of $47.30 and a 1-year high of $83.36.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup upgraded Nutanix to a "positive" rating in a research note on Tuesday. Needham & Company LLC restated a "buy" rating and issued a $92.00 price objective on shares of Nutanix in a report on Thursday, May 29th. The Goldman Sachs Group initiated coverage on shares of Nutanix in a report on Tuesday, July 15th. They set a "buy" rating and a $95.00 target price for the company. KeyCorp initiated coverage on shares of Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 target price for the company. Finally, Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nutanix has a consensus rating of "Moderate Buy" and a consensus target price 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.