Sumitomo Mitsui Trust Group Inc. Buys 9,693 Shares of Nutanix (NASDAQ:NTNX)

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 489,010 shares of the technology company's stock after purchasing an additional 9,693 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.18% of Nutanix worth $34,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. increased its stake in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares in the last quarter. Colonial Trust Co SC acquired a new position in shares of Nutanix during the fourth quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 acquiring an additional 191 shares in the last quarter. Fifth Third Bancorp increased its position in shares of 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 acquiring an additional 250 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Nutanix in the 4th quarter worth about $40,000. Institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

NTNX has been the subject of a number of recent research reports. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday. Needham & Company LLC reaffirmed a "buy" rating and set a $92.00 target price on shares of Nutanix in a research report on Thursday, May 29th. Morgan Stanley reissued an "overweight" rating and issued a $90.00 price target (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Susquehanna raised their price objective on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Finally, 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. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.71.

Insider Transactions at Nutanix

In related news, 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 shares were 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 in the company, valued at approximately $420,954,747.08. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Virginia Gambale sold 7,000 shares of the firm'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 transaction of $546,000.00. Following the completion of the transaction, the director directly owned 38,330 shares of the company's stock, valued at approximately $2,989,740. This trade represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,552,549 shares of company stock worth $426,621,281. Insiders own 6.80% of the company's stock.

Nutanix Stock Performance

NTNX stock traded up $1.38 during mid-day trading on Thursday, hitting $76.81. The company had a trading volume of 1,289,764 shares, compared to its average volume of 2,525,046. The firm has a market cap of $20.59 billion, a PE ratio of 153.45, a price-to-earnings-growth ratio of 6.78 and a beta of 0.67. Nutanix has a 12 month low of $43.35 and a 12 month high of $83.36. The stock's fifty day moving average price is $75.38 and its two-hundred day moving average price is $69.85.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted 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 company had revenue of $638.98 million for the quarter, compared to analysts' expectations of $626.12 million. During the same quarter in the previous year, the firm posted $0.28 EPS. Nutanix's revenue was up 21.8% on a year-over-year basis. Equities analysts anticipate that Nutanix will post 0.31 earnings per share for the current year.

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.