Senator Investment Group LP Reduces Holdings in Nutanix $NTNX

Key Points

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

Several other institutional investors also recently modified their holdings of NTNX. Colonial Trust Co SC bought a new position in shares of Nutanix in the 4th quarter worth about $28,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 acquiring an additional 191 shares in the last quarter. GW&K Investment Management LLC bought a new position in shares of Nutanix in the 1st quarter worth about $30,000. SouthState Corp bought a new position in shares of Nutanix in the 1st quarter worth about $32,000. Finally, Fifth Third Bancorp increased its stake in shares of Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after acquiring an additional 250 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Insider Activity at Nutanix

In other news, Director Virginia Gambale sold 7,000 shares of Nutanix stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $78.00, for a total value of $546,000.00. Following the completion of the sale, the director directly owned 38,330 shares in the company, valued at $2,989,740. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the sale, the chief executive officer owned 518,561 shares of the company's stock, valued at $38,892,075. This represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,491,492 shares of company stock valued at $421,797,778. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NTNX shares. Piper Sandler reiterated an "overweight" rating and issued a $88.00 price target (up from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Citigroup upgraded shares of Nutanix to a "positive" rating in a research note on Tuesday, August 5th. KeyCorp started coverage on shares of Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price target for the company. Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 30th. Finally, Morgan Stanley restated an "overweight" rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. One 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 company. According to data from MarketBeat.com, Nutanix has an average rating of "Moderate Buy" and a consensus target price of $91.00.

Nutanix Trading Up 1.3%

NASDAQ:NTNX traded up $0.85 on Friday, reaching $68.79. 2,798,226 shares of the stock traded hands, compared to its average volume of 2,392,320. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 140.39, a PEG ratio of 4.54 and a beta of 0.71. Nutanix has a 12 month low of $52.18 and a 12 month high of $83.36. The company's fifty day simple moving average is $73.35 and its 200 day simple moving average is $72.01.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly 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. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The firm had revenue of $638.98 million during the quarter, compared to analyst estimates of $626.12 million. During the same period in the previous year, the business posted $0.28 earnings per share. The business's revenue for the quarter was up 21.8% on a year-over-year basis. Equities analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

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.