Perpetual Ltd Purchases 867,446 Shares of Nutanix (NASDAQ:NTNX)

Perpetual Ltd increased its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 10,205.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 875,946 shares of the technology company's stock after buying an additional 867,446 shares during the period. Perpetual Ltd owned about 0.33% of Nutanix worth $61,150,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NTNX. Harbour Investments Inc. boosted its holdings in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after buying an additional 418 shares during the period. Colonial Trust Co SC acquired a new position in shares of Nutanix in the 4th quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Nutanix by 78.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after buying an additional 191 shares during the period. Principal Securities Inc. boosted its holdings in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after buying an additional 199 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after buying an additional 250 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Trading Up 1.5%

Shares of NASDAQ NTNX traded up $1.15 during midday trading on Monday, reaching $76.44. The company's stock had a trading volume of 3,315,418 shares, compared to its average volume of 2,536,306. The company has a 50 day moving average price of $74.83 and a 200 day moving average price of $69.78. Nutanix has a one year low of $43.35 and a one year high of $83.36. The company has a market cap of $20.49 billion, a price-to-earnings ratio of 153.65, a price-to-earnings-growth ratio of 6.79 and a beta of 0.68.

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

Wall Street Analyst Weigh In

NTNX has been the subject of a number of analyst reports. Raymond James Financial lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Needham & Company LLC reissued 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 research note on Thursday. They set an "overweight" rating and a $95.00 target price for the company. Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $90.00 price target (up from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Nutanix has an average rating of "Moderate Buy" and a consensus target price of $90.71.

Insider Buying and Selling at Nutanix

In other news, 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 shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the sale, the director owned 5,480,468 shares in the company, valued at $420,954,747.08. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 2,100 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $72.73, for a total transaction of $152,733.00. Following the sale, the chief financial officer owned 209,070 shares in the company, valued at $15,205,661.10. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,552,549 shares of company stock valued at $426,621,281 over the last quarter. Company insiders own 6.80% of the company's stock.

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.