Raiffeisen Bank International AG Has $630,000 Stock Holdings in Nutanix (NASDAQ:NTNX)

Key Points

• Raiffeisen Bank International AG increased its holdings in Nutanix by 685.2% during the first quarter, now owning 8,889 shares valued at approximately $630,000.
• Nutanix reported $0.42 EPS for the quarter, exceeding analysts' expectations of $0.38, along with revenues of $638.98 million, up 21.8% year-over-year.
• Multiple analysts have issued mixed ratings on Nutanix, with the stock currently holding an average rating of "Moderate Buy" and a price target of $91.00.

Raiffeisen Bank International AG increased its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 685.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,889 shares of the technology company's stock after buying an additional 7,757 shares during the quarter. Raiffeisen Bank International AG's holdings in Nutanix were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NTNX. LPL Financial LLC increased its position in Nutanix by 4.8% in the 4th quarter. LPL Financial LLC now owns 71,732 shares of the technology company's stock worth $4,389,000 after purchasing an additional 3,276 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Nutanix by 69.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock valued at $2,784,000 after acquiring an additional 16,374 shares in the last quarter. Amalgamated Bank raised its holdings in Nutanix by 4.9% in the 1st quarter. Amalgamated Bank now owns 14,420 shares of the technology company's stock valued at $1,007,000 after acquiring an additional 674 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Nutanix by 63.7% in the 1st quarter. GAMMA Investing LLC now owns 2,768 shares of the technology company's stock worth $193,000 after buying an additional 1,077 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Nutanix in the 1st quarter worth approximately $2,596,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Stock Performance

NTNX stock opened at $73.76 on Tuesday. The firm has a 50 day moving average price of $75.02 and a 200-day moving average price of $71.75. Nutanix has a 52-week low of $43.35 and a 52-week high of $83.36. The firm has a market capitalization of $19.77 billion, a price-to-earnings ratio of 147.16, a PEG ratio of 5.03 and a beta of 0.71.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $638.98 million during 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 firm's revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, sell-side analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on NTNX shares. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. The Goldman Sachs Group initiated coverage on Nutanix in a research note on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price target on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $88.00 target price (up previously from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Raymond James Financial cut Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Finally, Needham & Company LLC restated a "buy" rating and set a $92.00 price objective on shares of Nutanix in a research report on Thursday, May 29th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Nutanix presently has an average rating of "Moderate Buy" and an average price target of $91.00.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $72.73, for a total value of $152,733.00. Following the sale, the chief financial officer directly owned 209,070 shares in the company, valued at $15,205,661.10. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 61,057 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the transaction, the chief executive officer owned 497,309 shares in the company, valued at $39,287,411. The trade was a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,552,549 shares of company stock worth $426,621,281 in the last quarter. Corporate insiders own 6.80% of the company's stock.

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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