Resona Asset Management Co. Ltd. Buys 3,890 Shares of Nutanix (NASDAQ:NTNX)

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Nutanix by 5.4%, acquiring an additional 3,890 shares and bringing its total ownership to 75,366 shares valued at approximately $5,274,000.
• Nutanix reported $0.42 EPS in its latest quarterly earnings, exceeding analysts' expectations, with revenues of $638.98 million, a 21.8% increase year-over-year.
• The stock has seen mixed analyst ratings, with a consensus rating of "Moderate Buy" and an average price target of $91.00, despite some analysts recently lowering their ratings on the stock.

Resona Asset Management Co. Ltd. lifted its stake in Nutanix (NASDAQ:NTNX - Free Report) by 5.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,366 shares of the technology company's stock after acquiring an additional 3,890 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Nutanix were worth $5,274,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. increased its position 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 worth $2,784,000 after buying an additional 16,374 shares during the period. Amalgamated Bank increased its position in Nutanix by 4.9% in the 1st quarter. Amalgamated Bank now owns 14,420 shares of the technology company's stock worth $1,007,000 after buying an additional 674 shares during the period. GAMMA Investing LLC increased its position in 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 during the period. Teacher Retirement System of Texas bought a new position in Nutanix in the 1st quarter worth approximately $2,596,000. Finally, Sequoia Financial Advisors LLC bought a new position in Nutanix in the 1st quarter worth approximately $256,000. 85.25% of the stock is owned by institutional investors.

Nutanix Price Performance

Nutanix stock opened at $68.68 on Friday. The stock has a fifty day moving average price of $73.87 and a two-hundred day moving average price of $72.01. Nutanix has a 52-week low of $51.11 and a 52-week high of $83.36. The firm has a market capitalization of $18.41 billion, a P/E ratio of 143.24, a P/E/G ratio of 4.78 and a beta of 0.71.

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. The company had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The business's revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. On average, equities research analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Raymond James Financial lowered Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Susquehanna lifted their price objective on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating 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. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Finally, The Goldman Sachs Group assumed coverage on Nutanix in a report on Tuesday, July 15th. They set a "buy" rating and a $95.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $91.00.

Insiders Place Their Bets

In other Nutanix news, Director Virginia Gambale sold 7,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total value of $546,000.00. Following the transaction, the director owned 38,330 shares of the company's stock, valued at approximately $2,989,740. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the completion of the transaction, the chief financial officer directly owned 209,070 shares in the company, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,491,492 shares of company stock worth $421,797,778 in the last three months. Company insiders own 6.80% of the company's stock.

About Nutanix

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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