Skandinaviska Enskilda Banken AB publ Purchases 159,200 Shares of Nutanix (NASDAQ:NTNX)

Key Points

• Skandinaviska Enskilda Banken AB increased its holdings in Nutanix by 139.0% in the first quarter, owning 273,700 shares valued at approximately $19 million.
• Insider trading activity included significant sales, with Director Groen Max Pieter De selling over 5.48 million shares for around $421 million, resulting in a 50% reduction in ownership.
• Nutanix reported a 21.8% year-over-year revenue increase for the last quarter, with earnings per share of $0.42, surpassing analyst estimates of $0.38.

Skandinaviska Enskilda Banken AB publ grew its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 139.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,700 shares of the technology company's stock after buying an additional 159,200 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.10% of Nutanix worth $19,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised 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 valued at $1,568,447,000 after buying an additional 146,854 shares during the last quarter. Renaissance Technologies LLC raised 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 valued at $270,348,000 after buying an additional 268,400 shares during the last quarter. Geode Capital Management LLC raised 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 valued at $263,275,000 after buying an additional 163,874 shares during the last quarter. First Trust Advisors LP raised 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 valued at $214,055,000 after buying an additional 297,754 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Nutanix during the fourth quarter valued at approximately $195,758,000. Institutional investors own 85.25% of the company's stock.

Nutanix Stock Performance

NASDAQ NTNX traded up $1.48 on Wednesday, hitting $77.03. 609,799 shares of the stock were exchanged, compared to its average volume of 2,498,724. The stock has a fifty day moving average price of $75.45 and a two-hundred day moving average price of $71.43. The firm has a market capitalization of $20.65 billion, a P/E ratio of 151.59, a P/E/G ratio of 6.86 and a beta of 0.67. Nutanix has a 52-week low of $43.35 and a 52-week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) 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 net margin of 0.97% and a negative return on equity of 21.32%. The business's revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share. Sell-side analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NTNX shares. Susquehanna raised their target price on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a report on Thursday, May 29th. The Goldman Sachs Group started coverage on shares of Nutanix in a report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price for the company. Needham & Company LLC reissued a "buy" rating and issued a $92.00 target price on shares of Nutanix in a report on Thursday, May 29th. KeyCorp started coverage on shares of Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price for the company. Finally, Raymond James Financial lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nutanix presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 1,925 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the sale, the chief executive officer directly owned 518,561 shares of the company's stock, valued at approximately $38,892,075. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Groen Max Pieter De sold 5,480,467 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the sale, the director directly owned 5,480,468 shares of the company's stock, valued at $420,954,747.08. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,552,549 shares of company stock valued at $426,621,281 over the last ninety days. Company insiders own 6.80% of the company's stock.

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.