Fisher Asset Management LLC Has $45.08 Million Stock Position in Nutanix $NTNX

Fisher Asset Management LLC lowered its stake in Nutanix (NASDAQ:NTNX) by 7.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 589,781 shares of the technology company’s stock after selling 45,644 shares during the quarter. Fisher Asset Management LLC owned approximately 0.22% of Nutanix worth $45,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NTNX. Twin Tree Management LP purchased a new position in shares of Nutanix in the first quarter worth approximately $29,000. SouthState Corp acquired a new position in Nutanix in the 1st quarter worth approximately $32,000. Farther Finance Advisors LLC grew its position in Nutanix by 42.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $38,000 after purchasing an additional 150 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Nutanix during the 2nd quarter valued at $45,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Nutanix in the first quarter valued at $46,000. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Price Performance

Shares of Nutanix stock opened at $46.57 on Wednesday. The stock has a 50-day simple moving average of $66.88 and a 200-day simple moving average of $71.62. Nutanix has a 52-week low of $46.52 and a 52-week high of $83.36. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 72.77, a P/E/G ratio of 6.55 and a beta of 0.54.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $670.58 million for the quarter, compared to analyst estimates of $677.23 million. Nutanix had a net margin of 7.42% and a negative return on equity of 28.01%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. As a group, equities research analysts predict that Nutanix will post 0.31 earnings per share for the current year.

Insider Activity

In other Nutanix news, CFO Rukmini Sivaraman sold 11,391 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the transaction, the chief financial officer directly owned 254,637 shares in the company, valued at $19,948,262.58. This trade represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total value of $267,680.00. Following the completion of the sale, the director directly owned 22,400 shares of the company’s stock, valued at $1,713,152. This represents a 13.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 159,598 shares of company stock worth $12,218,560. 2.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. KeyCorp lowered their price target on Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Northland Securities lowered their target price on Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 26th. Zacks Research downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Northland Capmk cut shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, Bank of America lowered their price objective on shares of Nutanix from $93.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and a consensus target price of $75.13.

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.