Nutanix (NASDAQ:NTNX) Shares Sold by Prudential PLC

Key Points

• Prudential PLC reduced its holdings in Nutanix by 58.1% in Q1, selling 25,183 shares and resulting in ownership of 18,158 shares valued at approximately $1.27 million.
• Nutanix's recent earnings report showed a 21.8% year-over-year revenue increase, with earnings per share of $0.42, surpassing analysts' expectations.
• Institutional investors hold about 85.25% of Nutanix stock, with various firms like Contour Asset Management and Nuveen LLC recently acquiring significant stakes in the company.

Prudential PLC reduced its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 58.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,158 shares of the technology company's stock after selling 25,183 shares during the quarter. Prudential PLC's holdings in Nutanix were worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NTNX. Contour Asset Management LLC acquired a new stake in Nutanix during the fourth quarter worth about $87,318,000. Nuveen LLC acquired a new stake in Nutanix during the first quarter worth about $86,949,000. Perpetual Ltd increased its stake in Nutanix by 10,205.2% during the first quarter. Perpetual Ltd now owns 875,946 shares of the technology company's stock worth $61,150,000 after acquiring an additional 867,446 shares during the last quarter. Cadian Capital Management LP increased its stake in Nutanix by 68.5% during the fourth quarter. Cadian Capital Management LP now owns 1,455,792 shares of the technology company's stock worth $89,065,000 after acquiring an additional 591,892 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new stake in Nutanix during the first quarter worth about $37,294,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

Shares of NTNX opened at $68.68 on Friday. The company has a market capitalization of $18.41 billion, a P/E ratio of 143.24, a P/E/G ratio of 4.78 and a beta of 0.71. Nutanix has a one year low of $51.11 and a one year high of $83.36. The stock has a 50-day moving average price of $73.87 and a 200 day moving average price of $72.01.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 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 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. As a group, equities research analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Citigroup upgraded Nutanix to a "positive" rating in a research note on Tuesday, August 5th. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 30th. The Goldman Sachs Group initiated coverage on Nutanix in a research report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price for the company. Raymond James Financial downgraded Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $92.00 target price on shares of Nutanix in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.00.

Insider Transactions at Nutanix

In related news, CFO Rukmini Sivaraman sold 2,100 shares of the company'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 transaction of $152,733.00. Following the sale, the chief financial officer directly owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Virginia Gambale sold 7,000 shares of the company'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 sale, the director directly owned 38,330 shares in the company, valued at approximately $2,989,740. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,491,492 shares of company stock worth $421,797,778. 6.80% of the stock is currently owned by corporate 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.

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