Mediolanum International Funds Ltd Buys 22,190 Shares of Nutanix (NASDAQ:NTNX)

Key Points

• Mediolanum International Funds Ltd increased its stake in Nutanix by 60.4% in Q1, bringing its total holdings to 58,953 shares valued at $4.19 million.
• Nutanix reported $0.42 EPS for the latest quarter, exceeding estimates, with revenues rising 21.8% year-over-year to $638.98 million.
• 85.25% of Nutanix's stock is owned by institutional investors, highlighting significant interest and investment from large financial entities.

Mediolanum International Funds Ltd increased its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 60.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,953 shares of the technology company's stock after buying an additional 22,190 shares during the period. Mediolanum International Funds Ltd's holdings in Nutanix were worth $4,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of Nutanix by 6.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock valued at $270,348,000 after purchasing an additional 268,400 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 during the period. First Trust Advisors LP lifted its position in 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 purchasing an additional 297,754 shares during the period. Norges Bank bought a new position in shares of Nutanix in the fourth quarter worth about $195,758,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Nutanix by 9.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 3,086,513 shares of the technology company's stock worth $188,833,000 after acquiring an additional 269,866 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Trading Down 0.5%

Shares of NASDAQ NTNX traded down $0.40 during midday trading on Thursday, hitting $76.35. 416,695 shares of the company's stock were exchanged, compared to its average volume of 2,495,395. The company has a market cap of $20.47 billion, a price-to-earnings ratio of 151.59, a PEG ratio of 6.98 and a beta of 0.67. The business's fifty day moving average price is $75.39 and its two-hundred day moving average price is $71.46. Nutanix has a 12-month low of $43.35 and a 12-month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The firm 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 business's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Equities analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several recent research reports. Piper Sandler reaffirmed an "overweight" rating and issued a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. The Goldman Sachs Group initiated coverage on shares of Nutanix in a research report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price target for the company. Susquehanna raised their price objective on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Finally, Raymond James Financial cut Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $91.00.

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the transaction, the chief executive officer owned 518,561 shares in the company, valued at $38,892,075. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Groen Max Pieter De sold 5,480,467 shares of the stock in a transaction on 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 completion of the transaction, the director owned 5,480,468 shares of the company's stock, valued at approximately $420,954,747.08. This trade represents a 50.00% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,552,549 shares of company stock worth $426,621,281. 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.