Lecap Asset Management Ltd. Takes Position in Nutanix (NASDAQ:NTNX)

Lecap Asset Management Ltd. bought a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,601 shares of the technology company's stock, valued at approximately $321,000.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock worth $1,568,447,000 after acquiring an additional 146,854 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Nutanix by 6.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock worth $270,348,000 after acquiring an additional 268,400 shares during the last quarter. Geode Capital Management LLC grew 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 acquiring an additional 163,874 shares during the last quarter. First Trust Advisors LP grew its position in shares of Nutanix by 9.3% during the fourth quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company's stock worth $214,055,000 after acquiring an additional 297,754 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Nutanix during the fourth quarter worth approximately $195,758,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nutanix

In other news, Director Virginia Gambale sold 7,000 shares of the firm's stock in a transaction on 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 now owns 38,330 shares in the company, valued at $2,989,740. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 1,925 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the completion of the transaction, the chief executive officer now owns 518,561 shares of the company's stock, valued at approximately $38,892,075. This represents a 0.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,552,549 shares of company stock valued at $426,621,281. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several recent research reports. Royal Bank Of Canada increased their price target on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Piper Sandler reaffirmed an "overweight" rating and set a $88.00 price target (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Barclays set a $94.00 price target on Nutanix and gave the stock an "overweight" rating in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $92.00 price target on shares of Nutanix in a report on Thursday, May 29th. Finally, KeyCorp initiated coverage on Nutanix in a report on Thursday. They set an "overweight" rating and a $95.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $90.71.

Nutanix Stock Performance

Nutanix stock traded up $0.01 during midday trading on Friday, reaching $75.29. The company's stock had a trading volume of 2,936,168 shares, compared to its average volume of 2,539,367. Nutanix has a fifty-two week low of $43.35 and a fifty-two week high of $83.36. The stock's 50 day simple moving average is $74.19 and its 200 day simple moving average is $69.59. The firm has a market capitalization of $20.18 billion, a PE ratio of -268.89, a P/E/G ratio of 6.67 and a beta of 0.69.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results 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 negative return on equity of 21.32% and a net margin of 0.97%. The company had revenue of $638.98 million during the quarter, compared to the consensus estimate of $626.12 million. During the same quarter last year, the company earned $0.28 earnings per share. Nutanix's quarterly revenue was up 21.8% compared to the same quarter last year. Equities analysts predict that Nutanix will post 0.31 earnings per share for the current year.

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.