Thornburg Investment Management Inc. Has $13.55 Million Holdings in Nutanix (NASDAQ:NTNX)

Key Points

• Thornburg Investment Management Inc. reduced its stake in Nutanix by 7.2%, owning approximately 194,099 shares after selling 15,071 shares in the first quarter.
• Nutanix reported earnings of $0.42 per share, surpassing analysts' expectations, with quarterly revenue of $638.98 million, representing a 21.8% increase year-over-year.
• Institutional investors own about 85.25% of Nutanix's stock, indicating strong institutional interest in the company despite recent insider sales.

Thornburg Investment Management Inc. lowered its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 194,099 shares of the technology company's stock after selling 15,071 shares during the period. Thornburg Investment Management Inc. owned about 0.07% of Nutanix worth $13,550,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NTNX. HighTower Advisors LLC bought a new position in Nutanix in the fourth quarter worth about $234,000. Commonwealth Equity Services LLC lifted its holdings in Nutanix by 2.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,933 shares of the technology company's stock worth $1,220,000 after acquiring an additional 544 shares during the last quarter. LPL Financial LLC lifted its holdings in Nutanix by 4.8% in the fourth quarter. LPL Financial LLC now owns 71,732 shares of the technology company's stock worth $4,389,000 after acquiring an additional 3,276 shares during the last quarter. Korea Investment CORP bought a new position in Nutanix in the fourth quarter worth about $13,734,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Nutanix by 51,481.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 178,473 shares of the technology company's stock valued at $11,187,000 after purchasing an additional 178,127 shares during the period. Institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

Nutanix stock traded down $3.06 during midday trading on Friday, reaching $72.11. The stock had a trading volume of 2,136,813 shares, compared to its average volume of 2,500,769. The firm's fifty day simple moving average is $75.30 and its two-hundred day simple moving average is $71.55. The firm has a market cap of $19.33 billion, a price-to-earnings ratio of 156.63, a PEG ratio of 7.07 and a beta of 0.67. Nutanix has a twelve month low of $43.35 and a twelve month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $638.98 million for 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%. Nutanix's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. As a group, sell-side analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Activity at Nutanix

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $15,205,661.10. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Virginia Gambale sold 7,000 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $78.00, for a total transaction of $546,000.00. Following the transaction, the director owned 38,330 shares in the company, valued at approximately $2,989,740. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,552,549 shares of company stock worth $426,621,281. 6.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $92.00 price target on shares of Nutanix in a research note on Thursday, May 29th. Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 30th. Raymond James Financial lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. 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 on the stock. Finally, Susquehanna raised their price objective 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. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Nutanix presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

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.