Vanguard Group Inc. Sells 3,882 Shares of Nutanix (NASDAQ:NTNX)

Key Points

• Vanguard Group Inc. reduced its holdings in Nutanix by 0.0%, retaining 25,632,716 shares, which represents 9.61% of the company's total shares worth about $1.79 billion.
• Multiple institutional investors, including Assenagon Asset Management S.A. and Amalgamated Bank, have adjusted their positions in Nutanix, with Assenagon increasing its holdings by 69.7%.
• Nutanix's stock is currently trading at $71.60, down 1.4%, and the company's latest quarterly report showed earnings of $0.42 per share, exceeding analyst estimates.

Vanguard Group Inc. trimmed its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 0.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,632,716 shares of the technology company's stock after selling 3,882 shares during the quarter. Vanguard Group Inc. owned approximately 9.61% of Nutanix worth $1,789,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NTNX. First Trust Advisors LP lifted its holdings 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 worth $214,055,000 after buying an additional 297,754 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Nutanix by 9.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 3,086,513 shares of the technology company's stock worth $188,833,000 after buying an additional 269,866 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Nutanix by 21.2% during the first quarter. Federated Hermes Inc. now owns 2,423,978 shares of the technology company's stock worth $169,218,000 after buying an additional 423,249 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Nutanix by 16.8% during the fourth quarter. AQR Capital Management LLC now owns 2,177,956 shares of the technology company's stock worth $133,247,000 after buying an additional 314,060 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Nutanix by 7.5% during the fourth quarter. Northern Trust Corp now owns 1,487,565 shares of the technology company's stock worth $91,009,000 after buying an additional 103,655 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the completion of the transaction, the chief executive officer owned 518,561 shares in the company, valued at approximately $38,892,075. The trade was a 0.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,491,492 shares of company stock worth $421,797,778 in the last quarter. Insiders own 6.80% of the company's stock.

Nutanix Stock Performance

NASDAQ:NTNX traded up $0.84 during mid-day trading on Wednesday, hitting $70.19. 2,239,695 shares of the stock were exchanged, compared to its average volume of 2,499,402. The stock has a market capitalization of $18.82 billion, a price-to-earnings ratio of 146.12, a price-to-earnings-growth ratio of 4.80 and a beta of 0.71. The firm's 50-day simple moving average is $74.37 and its 200 day simple moving average is $71.98. Nutanix has a fifty-two week low of $50.66 and a fifty-two week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data 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 negative return on equity of 21.32% and a net margin of 0.97%. The firm had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. During the same quarter last year, the company earned $0.28 EPS. The company's revenue was up 21.8% on a year-over-year basis. On average, analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on NTNX shares. Susquehanna boosted their price objective on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Thursday, May 29th. 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 note on Tuesday, July 15th. They set a "buy" rating and a $95.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and issued a $92.00 target price on shares of Nutanix in a research note on Thursday, May 29th. Finally, Piper Sandler restated an "overweight" rating and issued a $88.00 price target (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $91.00.

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.