13,816 Shares in Nutanix $NTNX Bought by Stableford Capital II LLC

by · The Cerbat Gem

Stableford Capital II LLC purchased a new stake in Nutanix (NASDAQ:NTNX – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,816 shares of the technology company’s stock, valued at approximately $973,000.

A number of other hedge funds also recently modified their holdings of NTNX. Assenagon Asset Management S.A. grew its stake in shares of Nutanix by 1,535.2% in the second quarter. Assenagon Asset Management S.A. now owns 3,262,231 shares of the technology company’s stock worth $166,243,000 after purchasing an additional 3,062,730 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its holdings in Nutanix by 27.3% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 3,107,481 shares of the technology company’s stock worth $160,626,000 after buying an additional 666,000 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Nutanix by 26.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,589,508 shares of the technology company’s stock valued at $60,416,000 after buying an additional 331,700 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Nutanix by 628.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock valued at $45,046,000 after buying an additional 1,022,516 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of Nutanix by 308.1% during the first quarter. Pacer Advisors Inc. now owns 1,135,857 shares of the technology company’s stock worth $43,174,000 after acquiring an additional 857,559 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Oppenheimer upped their target price on Nutanix from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Piper Sandler restated an “overweight” rating and issued a $75.00 price target (up from $60.00) on shares of Nutanix in a research report on Thursday, August 27th. Zacks Research lowered shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Barclays lifted their target price on shares of Nutanix from $53.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Finally, Needham & Company LLC initiated coverage on shares of Nutanix in a report on Monday, September 28th. They issued a “buy” rating and a $90.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and a consensus target price of $73.07.

Get Our Latest Stock Report on NTNX

Nutanix Stock Down 0.4%

Nutanix stock opened at $73.11 on Friday. The firm’s fifty day moving average is $67.40 and its 200 day moving average is $54.21. Nutanix has a 12-month low of $34.01 and a 12-month high of $74.42. The company has a market capitalization of $19.78 billion, a PE ratio of 14.17, a PEG ratio of 3.64 and a beta of 0.64. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.92.

Nutanix (NASDAQ:NTNX – Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%.The business had revenue of $757.08 million for the quarter, compared to the consensus estimate of $738.27 million. During the same period in the prior year, the business earned $0.37 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, sell-side analysts predict that Nutanix will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other news, CEO Rajiv Ramaswami sold 324,955 shares of the business’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $73.57, for a total transaction of $23,906,939.35. Following the completion of the sale, the chief executive officer directly owned 489,384 shares of the company’s stock, valued at $36,003,980.88. The trade was a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Rukmini Sivaraman sold 38,139 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $70.00, for a total transaction of $2,669,730.00. Following the sale, the chief financial officer directly owned 325,487 shares of the company’s stock, valued at approximately $22,784,090. The trade was a 10.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 438,139 shares of company stock worth $32,129,999. Corporate insiders own 2.40% of the company’s stock.

Nutanix Profile

(Free Report)

Nutanix, Inc develops enterprise cloud software that helps organizations manage applications and data across on-premises infrastructure, public clouds and hybrid multicloud environments. Its platform is designed to simplify the operation of data centers and cloud resources through a unified software experience.

The company’s offerings include hyperconverged infrastructure software, the Nutanix Cloud Infrastructure platform and AHV virtualization. Nutanix also provides services for file and object storage, databases, disaster recovery, Kubernetes and application management, as well as tools that help customers monitor, secure and govern their hybrid and multicloud environments.

Founded in 2009 and headquartered in San Jose, California, Nutanix serves businesses, government organizations and other institutions globally through direct sales and channel partners.

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