Stephens Investment Management Group LLC Has $41.97 Million Stake in Nutanix (NASDAQ:NTNX)

Stephens Investment Management Group LLC increased its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 10.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 601,207 shares of the technology company's stock after buying an additional 56,691 shares during the period. Stephens Investment Management Group LLC owned 0.23% of Nutanix worth $41,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NTNX. Harbour Investments Inc. increased its holdings in Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after buying an additional 418 shares during the last quarter. Colonial Trust Co SC acquired a new position in Nutanix during the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after buying an additional 191 shares during the last quarter. Fifth Third Bancorp increased its holdings in Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after buying an additional 250 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in Nutanix during the fourth quarter worth $70,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Groen Max Pieter De sold 5,480,467 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the sale, the director directly owned 5,480,468 shares of the company's stock, valued at approximately $420,954,747.08. This trade represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,552,549 shares of company stock worth $426,621,281. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Down 1.6%

NASDAQ NTNX opened at $72.40 on Friday. The company has a market capitalization of $19.41 billion, a P/E ratio of 147.76, a P/E/G ratio of 6.69 and a beta of 0.67. Nutanix has a 12-month low of $43.35 and a 12-month high of $83.36. The firm has a 50-day moving average price of $76.33 and a two-hundred day moving average price of $70.42.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The firm 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 business's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. Equities analysts expect that Nutanix will post 0.31 EPS for the current year.

Analyst Ratings Changes

NTNX has been the topic of a number of recent analyst reports. KeyCorp started coverage on shares of Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 target price on the stock. Raymond James Financial cut shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price target (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. 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, Piper Sandler reiterated an "overweight" rating and issued a $88.00 price target (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $90.71.

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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