Nutanix (NASDAQ:NTNX) Shares Bought by Swiss National Bank

Key Points

• The Swiss National Bank increased its stake in Nutanix (NASDAQ:NTNX) by 0.9%, owning approximately 0.27% of the company, worth about $50.1 million as of its latest SEC filing.
• Several hedge funds, including Contour Asset Management LLC and Perpetual Ltd, have recently significantly increased their holdings in Nutanix, indicating strong institutional investor confidence in the company.
• Analysts have set a moderate buy rating with an average target price of $91.00, reflecting positive growth expectations for Nutanix's stock moving forward.

Swiss National Bank boosted its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 717,900 shares of the technology company's stock after buying an additional 6,400 shares during the period. Swiss National Bank owned approximately 0.27% of Nutanix worth $50,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Contour Asset Management LLC acquired a new position in shares of Nutanix in the fourth quarter valued at about $87,318,000. Perpetual Ltd increased its holdings in shares of Nutanix by 10,205.2% in the first quarter. Perpetual Ltd now owns 875,946 shares of the technology company's stock valued at $61,150,000 after purchasing an additional 867,446 shares during the period. Cadian Capital Management LP increased its holdings in shares of Nutanix by 68.5% in the fourth quarter. Cadian Capital Management LP now owns 1,455,792 shares of the technology company's stock valued at $89,065,000 after purchasing an additional 591,892 shares during the period. Annex Advisory Services LLC acquired a new position in shares of Nutanix in the first quarter valued at about $37,294,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Nutanix by 48.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,314,509 shares of the technology company's stock valued at $80,422,000 after purchasing an additional 428,171 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NTNX. Susquehanna increased their price objective on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a report on Thursday, May 29th. Citigroup raised Nutanix to a "positive" rating in a report on Tuesday, August 5th. Raymond James Financial lowered Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $92.00 target price on shares of Nutanix in a report on Thursday, May 29th. Finally, KeyCorp began coverage on Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.00.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the firm's 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 transaction, the chief financial officer owned 209,070 shares in the company, valued at $15,205,661.10. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Virginia Gambale sold 7,000 shares of the firm's 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 transaction, the director owned 38,330 shares in the company, valued at approximately $2,989,740. This trade represents a 15.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,552,549 shares of company stock worth $426,621,281. 6.80% of the stock is owned by insiders.

Nutanix Trading Down 1.4%

Shares of NTNX stock opened at $71.60 on Monday. The company has a market capitalization of $19.19 billion, a P/E ratio of 146.12, a P/E/G ratio of 4.99 and a beta of 0.71. The business's 50 day moving average is $74.71 and its two-hundred day moving average is $71.97. Nutanix has a 12-month low of $48.54 and a 12-month high of $83.36.

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

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