Lisanti Capital Growth LLC Invests $559,000 in Nutanix (NASDAQ:NTNX)

Lisanti Capital Growth LLC bought a new stake in Nutanix (NASDAQ:NTNX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,005 shares of the technology company's stock, valued at approximately $559,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its stake in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after buying an additional 418 shares during the period. Colonial Trust Co SC purchased a new stake in shares of Nutanix during the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after acquiring an additional 191 shares during the period. Fifth Third Bancorp raised its stake in shares of Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after acquiring an additional 250 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Nutanix in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

Shares of NTNX traded up $1.38 during midday trading on Thursday, reaching $76.81. 1,289,764 shares of the stock were exchanged, compared to its average volume of 2,525,046. The company has a market capitalization of $20.59 billion, a price-to-earnings ratio of 153.45, a PEG ratio of 6.78 and a beta of 0.67. Nutanix has a twelve month low of $43.35 and a twelve month high of $83.36. The business's 50-day moving average price is $75.38 and its 200 day moving average price is $69.85.

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, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $638.98 million during the quarter, compared to analysts' expectations of $626.12 million. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The business's revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. As a group, equities research analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Groen Max Pieter De sold 5,480,467 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the completion of the sale, the director owned 5,480,468 shares in the company, valued at $420,954,747.08. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Virginia Gambale sold 7,000 shares of the business's stock in a transaction that occurred 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 transaction, the director owned 38,330 shares in the company, valued at $2,989,740. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,552,549 shares of company stock valued at $426,621,281. Corporate insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NTNX. Piper Sandler restated an "overweight" rating and set a $88.00 price target (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Needham & Company LLC restated a "buy" rating and set a $92.00 target price on shares of Nutanix in a research note on Thursday, May 29th. KeyCorp initiated coverage on shares of Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price on the stock. Morgan Stanley reiterated an "overweight" rating and set a $90.00 price target (up previously from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Finally, Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Nutanix currently has an average rating of "Moderate Buy" and a consensus price target of $90.71.

About Nutanix

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.