Nutanix (NASDAQ:NTNX) Shares Purchased by Perpetual Ltd

Perpetual Ltd grew its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 10,205.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 875,946 shares of the technology company's stock after purchasing an additional 867,446 shares during the quarter. Perpetual Ltd owned approximately 0.33% of Nutanix worth $61,150,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NTNX. Norges Bank acquired a new position in Nutanix during the fourth quarter worth about $195,758,000. Pictet Asset Management Holding SA boosted its holdings in shares of Nutanix by 6,785.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock worth $130,885,000 after purchasing an additional 2,108,269 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of Nutanix during the 4th quarter worth approximately $91,639,000. Contour Asset Management LLC purchased a new stake in shares of Nutanix in the fourth quarter valued at approximately $87,318,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nutanix in the fourth quarter valued at approximately $86,824,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Wall Street Zen raised shares of Nutanix from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 22nd. Piper Sandler restated an "overweight" rating and set a $88.00 price objective (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Finally, Susquehanna increased their price target on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Nutanix has an average rating of "Buy" and an average price target of $90.71.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 61,057 shares of Nutanix stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the transaction, the chief executive officer now owns 497,309 shares in the company, valued at $39,287,411. The trade was a 10.93% 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 business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the transaction, the director now owns 5,480,468 shares of the company's stock, valued at $420,954,747.08. This trade represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,550,624 shares of company stock valued at $426,476,906. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Up 2.5%

NTNX opened at $75.28 on Friday. Nutanix has a 52 week low of $43.35 and a 52 week high of $83.36. The business has a fifty day simple moving average of $74.19 and a 200-day simple moving average of $69.59. The firm has a market cap of $20.18 billion, a P/E ratio of -268.86, a P/E/G ratio of 6.67 and a beta of 0.69.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $638.98 million for 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%. Nutanix's revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. Sell-side analysts expect that Nutanix will post 0.31 earnings per share for the current year.

Nutanix Company 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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