Nutanix $NTNX Stock: Compass Financial Management LLC Grows Stake

Key Points

• Compass Financial Management increased its Nutanix stake by 481.9% in the third quarter, adding 25,984 shares to hold 31,376 shares valued at about $2.21 million.
• Other institutional investors also reported sizable increases, and institutions collectively own 85.25% of Nutanix shares. In contrast, company insiders sold 674,351 shares worth about $49.7 million over the past three months.
• Nutanix beat quarterly earnings and revenue estimates, with revenue up 15.9% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $74.87.

Compass Financial Management LLC increased its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 481.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,376 shares of the technology company's stock after acquiring an additional 25,984 shares during the quarter. Compass Financial Management LLC's holdings in Nutanix were worth $2,209,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its position in shares of Nutanix by 1,535.2% during the second quarter. Assenagon Asset Management S.A. now owns 3,262,231 shares of the technology company's stock valued at $166,243,000 after buying an additional 3,062,730 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Nutanix by 628.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company's stock worth $45,046,000 after acquiring an additional 1,022,516 shares during the period. Pacer Advisors Inc. boosted its holdings in Nutanix by 308.1% in the first quarter. Pacer Advisors Inc. now owns 1,135,857 shares of the technology company's stock valued at $43,174,000 after purchasing an additional 857,559 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Nutanix by 374.9% during the 1st quarter. Hsbc Holdings PLC now owns 592,587 shares of the technology company's stock valued at $22,723,000 after buying an additional 467,808 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Nutanix by 26.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,589,508 shares of the technology company's stock valued at $60,416,000 after buying an additional 331,700 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 232,712 shares of Nutanix stock in a transaction on Monday, October 12th. The stock was sold at an average price of $74.55, for a total transaction of $17,348,679.60. Following the transaction, the chief financial officer owned 92,775 shares in the company, valued at $6,916,376.25. The trade was a 71.50% 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 75,045 shares of the company's stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $74.00, for a total transaction of $5,553,330.00. Following the completion of the sale, the chief executive officer directly owned 414,339 shares of the company's stock, valued at $30,661,086. This represents a 15.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 674,351 shares of company stock valued at $49,736,524 in the last three months. 2.30% of the stock is currently owned by insiders.

Nutanix Stock Performance

NTNX opened at $63.70 on Thursday. The firm has a market capitalization of $17.24 billion, a PE ratio of 12.34, a PEG ratio of 3.21 and a beta of 0.72. Nutanix has a twelve month low of $34.01 and a twelve month high of $75.98. The firm's 50-day moving average price is $69.35 and its 200 day moving average price is $52.73. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.92.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.11. The company had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. Nutanix's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. As a group, sell-side analysts expect that Nutanix will post 1.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on NTNX shares. Morgan Stanley lifted their price target on Nutanix from $55.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, August 27th. KeyCorp upped their price objective on Nutanix from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, August 24th. Barclays raised their price objective on shares of Nutanix from $53.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Friday, August 28th. Needham & Company LLC started coverage on shares of Nutanix in a report on Monday, September 28th. They set a "buy" rating and a $90.00 target price for the company. Finally, Northland Securities set a $70.00 price target on shares of Nutanix in a research report on Thursday, August 27th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Nutanix has an average rating of "Moderate Buy" and an average target price of $74.87.

Nutanix Profile

Nutanix, Inc is a cloud computing and enterprise software company that provides infrastructure and platform services for running applications across private, hybrid and multicloud environments. Its products are designed to simplify the management of data centers and cloud resources by combining computing, storage, virtualization, networking and data services within a unified software platform.

The company's offerings include the Nutanix Cloud Platform, which supports enterprise applications and workloads across on-premises infrastructure and public clouds.

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