Qtron Investments LLC Makes New $325,000 Investment in Nutanix $NTNX

Key Points

• Qtron Investments LLC has invested approximately $325,000 in Nutanix, acquiring 4,660 shares during the first quarter, marked by a notable interest from institutional investors in the company.
• Major transactions by insiders included CFO Rukmini Sivaraman selling 2,100 shares for about $152,733 and Director Groen Max Pieter De selling over 5.4 million shares for approximately $420.95 million, indicating significant insider activity.
• Analyst ratings for Nutanix remain positive, with firms like Piper Sandler and Morgan Stanley issuing price targets up to $92.00 and consensus ratings leaning towards a "Moderate Buy" status.

Qtron Investments LLC purchased a new stake in shares of Nutanix (NASDAQ:NTNX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,660 shares of the technology company's stock, valued at approximately $325,000.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC increased its position in Nutanix by 13.2% in the 4th quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock worth $76,000 after purchasing an additional 146 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in Nutanix by 0.5% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock worth $2,134,000 after purchasing an additional 159 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in Nutanix by 4.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company's stock worth $291,000 after purchasing an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Nutanix by 78.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after purchasing an additional 191 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its position in Nutanix by 5.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,588 shares of the technology company's stock worth $220,000 after purchasing an additional 196 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Trading Up 1.3%

NASDAQ:NTNX traded up $0.85 during mid-day trading on Friday, hitting $68.79. 2,798,226 shares of the company's stock traded hands, compared to its average volume of 2,348,404. The firm has a 50 day moving average of $73.35 and a two-hundred day moving average of $72.00. Nutanix has a 12 month low of $52.18 and a 12 month high of $83.36. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 140.39, a price-to-earnings-growth ratio of 4.54 and a beta of 0.71.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $626.12 million. During the same quarter in the prior year, the company earned $0.28 EPS. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, equities research analysts expect that Nutanix will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Virginia Gambale sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total transaction of $546,000.00. Following the completion of the sale, the director owned 38,330 shares in the company, valued at $2,989,740. This represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rajiv Ramaswami sold 1,925 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 518,561 shares of the company's stock, 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 90 days. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NTNX. Raymond James Financial lowered Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Piper Sandler reissued an "overweight" rating and set a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Needham & Company LLC reissued a "buy" rating and set a $92.00 price objective on shares of Nutanix in a report on Thursday, May 29th. The Goldman Sachs Group began coverage on Nutanix in a report on Tuesday, July 15th. They set a "buy" rating and a $95.00 price objective on the stock. Finally, Morgan Stanley reissued an "overweight" rating and set a $90.00 price objective (up previously from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Nutanix currently has an average rating of "Moderate Buy" and a consensus price target 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.