Nutanix $NTNX Shares Sold by Senator Investment Group LP

Key Points

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Senator Investment Group LP lessened its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 771,875 shares of the technology company's stock after selling 85,238 shares during the quarter. Nutanix makes up about 2.9% of Senator Investment Group LP's portfolio, making the stock its 15th biggest position. Senator Investment Group LP owned approximately 0.29% of Nutanix worth $53,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Colonial Trust Co SC bought a new stake in Nutanix during the 4th quarter valued at $28,000. MassMutual Private Wealth & Trust FSB boosted its stake in Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after acquiring an additional 191 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in Nutanix in the first quarter valued at approximately $30,000. SouthState Corp acquired a new stake in Nutanix in the first quarter valued at approximately $32,000. Finally, Fifth Third Bancorp boosted its stake in Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NTNX shares. KeyCorp started coverage on shares of Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price for the company. Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 30th. Morgan Stanley restated an "overweight" rating and issued a $90.00 target price (up from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Needham & Company LLC restated a "buy" rating and issued a $92.00 target price on shares of Nutanix in a research note on Thursday, May 29th. Finally, Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Nutanix has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 1,925 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the transaction, the chief executive officer directly owned 518,561 shares in the company, valued at $38,892,075. The trade was a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $72.73, for a total transaction of $152,733.00. Following the transaction, the chief financial officer owned 209,070 shares of the company's stock, valued at $15,205,661.10. This represents 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 have sold 5,491,492 shares of company stock valued at $421,797,778. Company insiders own 6.80% of the company's stock.

Nutanix Trading Up 1.3%

Shares of NASDAQ:NTNX traded up $0.85 on Friday, hitting $68.79. 2,798,226 shares of the company were exchanged, compared to its average volume of 2,348,404. Nutanix has a 1-year low of $52.18 and a 1-year high of $83.36. The stock's 50 day moving average price is $73.35 and its 200 day moving average price is $72.00. The firm has a market capitalization of $18.44 billion, a P/E ratio of 138.65, a price-to-earnings-growth ratio of 4.48 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 the consensus estimate of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The business had revenue of $638.98 million during the quarter, compared to the consensus estimate of $626.12 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, equities analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

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.