Nutanix $NTNX Shares Purchased by Candriam S.C.A.

Key Points

• Candriam S.C.A. significantly increased its holdings in Nutanix by 255.2% during the first quarter, bringing their total ownership to 17,023 shares valued at approximately $1.19 million.
• Multiple research firms have recently upgraded their ratings for Nutanix, with Morgan Stanley and Piper Sandler both setting new price targets of $90.00 and $88.00, respectively.
• Insider activity includes the sale of 7,000 shares by director Virginia Gambale and 1,925 shares by CEO Rajiv Ramaswami, indicating a decrease in their stakes in the company.

Candriam S.C.A. lifted its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 255.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,023 shares of the technology company's stock after acquiring an additional 12,231 shares during the quarter. Candriam S.C.A.'s holdings in Nutanix were worth $1,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Contour Asset Management LLC purchased a new stake in shares of Nutanix during the fourth quarter worth about $87,318,000. Nuveen LLC acquired a new position in Nutanix during the first quarter worth about $86,949,000. Perpetual Ltd boosted its position 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 boosted its position 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 position in Nutanix during the first quarter worth about $37,294,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NTNX. Morgan Stanley restated an "overweight" rating and set a $90.00 price target (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Piper Sandler restated an "overweight" rating and set a $88.00 price target (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. The Goldman Sachs Group began coverage on shares of Nutanix in a research report on Tuesday, July 15th. They set a "buy" rating and a $95.00 price target on the stock. KeyCorp began coverage on shares of Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $92.00 target price on shares of Nutanix in a report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Nutanix has an average rating of "Moderate Buy" and a consensus price target of $91.00.

Insider Activity at Nutanix

In other news, Director Virginia Gambale sold 7,000 shares of the business'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 of the company's stock, valued at approximately $2,989,740. The trade was a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 1,925 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the sale, the chief executive officer directly owned 518,561 shares in the company, valued at $38,892,075. This trade represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,491,492 shares of company stock valued at $421,797,778 over the last 90 days. Insiders own 6.80% of the company's stock.

Nutanix Price Performance

NASDAQ:NTNX opened at $68.79 on Friday. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 140.39, a PEG ratio of 4.54 and a beta of 0.71. The company's 50-day moving average is $73.35 and its two-hundred day moving average is $72.00. Nutanix has a 1-year low of $52.18 and a 1-year high of $83.36.

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