Yousif Capital Management LLC Acquires 81,421 Shares of Nutanix $NTNX

by · The Markets Daily

Yousif Capital Management LLC lifted its holdings in shares of Nutanix (NASDAQ:NTNX – Free Report) by 2,482.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 84,701 shares of the technology company’s stock after buying an additional 81,421 shares during the quarter. Yousif Capital Management LLC’s holdings in Nutanix were worth $6,301,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB bought a new stake in Nutanix during the 1st quarter valued at approximately $1,642,000. Silverberg Bernstein Capital Management LLC boosted its position in shares of Nutanix by 61.6% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 37,893 shares of the technology company’s stock valued at $2,897,000 after purchasing an additional 14,438 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Nutanix by 67.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock worth $2,218,000 after purchasing an additional 11,670 shares during the period. Norges Bank purchased a new stake in Nutanix in the second quarter worth $263,938,000. Finally, Swiss National Bank raised its holdings in Nutanix by 6.7% in the second quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock worth $58,576,000 after purchasing an additional 48,400 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Insider Activity

In other Nutanix news, Director Teresa Gayle Sheppard sold 3,500 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $76.48, for a total transaction of $267,680.00. Following the transaction, the director owned 22,400 shares in the company, valued at approximately $1,713,152. This represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 144,707 shares of Nutanix stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the completion of the sale, the chief executive officer owned 524,608 shares of the company’s stock, valued at $40,090,543.36. This represents a 21.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.40% of the stock is currently owned by company insiders.

Nutanix Stock Down 0.9%

Shares of NASDAQ NTNX opened at $51.77 on Thursday. The firm has a market cap of $14.00 billion, a P/E ratio of 69.02, a PEG ratio of 5.55 and a beta of 0.53. Nutanix has a twelve month low of $46.12 and a twelve month high of $83.36. The company has a 50 day moving average of $59.28 and a 200 day moving average of $68.36.

Nutanix (NASDAQ:NTNX – Get Free Report) last posted its earnings results on Tuesday, November 25th. The technology company reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The business had revenue of $670.58 million during the quarter, compared to analyst estimates of $677.23 million. During the same quarter last year, the company earned $0.42 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NTNX has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Nutanix from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Wall Street Zen lowered shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Needham & Company LLC cut their price objective on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 target price (down previously from $88.00) on shares of Nutanix in a research note on Wednesday, November 26th. Finally, Wells Fargo & Company cut their price target on Nutanix from $71.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 26th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.13.

Check Out Our Latest Stock Analysis on Nutanix

Nutanix Company Profile

(Free Report)

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.

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