Robeco Institutional Asset Management B.V. Buys 131,824 Shares of Nutanix (NASDAQ:NTNX)

Robeco Institutional Asset Management B.V. grew its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 90.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 278,085 shares of the technology company's stock after acquiring an additional 131,824 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.10% of Nutanix worth $19,413,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Lecap Asset Management Ltd. acquired a new position in Nutanix during the first quarter worth about $321,000. Harbour Capital Advisors LLC acquired a new stake in shares of Nutanix during the first quarter worth approximately $225,000. Sheets Smith Wealth Management acquired a new stake in shares of Nutanix during the first quarter worth approximately $417,000. Asset Management One Co. Ltd. grew its stake in shares of Nutanix by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 92,253 shares of the technology company's stock valued at $6,440,000 after buying an additional 3,137 shares in the last quarter. Finally, Palumbo Wealth Management LLC boosted its position in Nutanix by 32.2% during the first quarter. Palumbo Wealth Management LLC now owns 7,114 shares of the technology company's stock worth $497,000 after purchasing an additional 1,732 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Stock Performance

NASDAQ:NTNX traded up $1.15 during mid-day trading on Monday, hitting $76.44. The stock had a trading volume of 3,315,418 shares, compared to its average volume of 2,536,326. The company's 50 day simple moving average is $74.47 and its 200 day simple moving average is $69.70. Nutanix has a twelve month low of $43.35 and a twelve month high of $100.00. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 153.65, a PEG ratio of 6.79 and a beta of 0.68.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The company had revenue of $638.98 million during the quarter, compared to the consensus estimate of $626.12 million. During the same quarter last year, the firm earned $0.28 earnings per share. The company's revenue was up 21.8% on a year-over-year basis. As a group, equities analysts forecast that Nutanix will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several research reports. Raymond James Financial cut Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Susquehanna boosted their target price on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Piper Sandler restated an "overweight" rating and issued a $88.00 price target (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. KeyCorp started coverage on Nutanix in a research report on Thursday. They set an "overweight" rating and a $95.00 price target on the stock. Finally, Wall Street Zen cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $90.71.

Insider Activity

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 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 in the company, valued at $2,989,740. The trade was a 15.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the firm'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 of the company's stock, valued at $15,205,661.10. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,552,549 shares of company stock valued at $426,621,281. 6.80% of the stock is owned by insiders.

Nutanix Company 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.