Nutanix $NTNX Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in Nutanix (NASDAQ:NTNX) by 161.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 587,482 shares of the technology company’s stock after purchasing an additional 362,812 shares during the period. Arrowstreet Capital Limited Partnership owned 0.22% of Nutanix worth $44,907,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in Nutanix by 0.6% in the second quarter. Geode Capital Management LLC now owns 4,549,909 shares of the technology company’s stock valued at $346,720,000 after buying an additional 25,918 shares during the last quarter. Jericho Capital Asset Management L.P. increased its holdings in shares of Nutanix by 46.8% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company’s stock worth $286,430,000 after acquiring an additional 1,308,357 shares during the period. AQR Capital Management LLC increased its holdings in shares of Nutanix by 65.5% in the 1st quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company’s stock worth $246,874,000 after acquiring an additional 1,426,049 shares during the period. Norges Bank bought a new stake in Nutanix in the 2nd quarter valued at about $263,938,000. Finally, Nordea Investment Management AB boosted its stake in Nutanix by 10.0% during the 2nd quarter. Nordea Investment Management AB now owns 2,924,167 shares of the technology company’s stock valued at $224,868,000 after purchasing an additional 266,512 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Nutanix news, CEO Rajiv Ramaswami sold 144,707 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $76.42, for a total value of $11,058,508.94. Following the completion of the transaction, the chief executive officer directly owned 524,608 shares in the company, valued at $40,090,543.36. This trade represents a 21.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Teresa Gayle Sheppard sold 3,500 shares of Nutanix stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total transaction of $267,680.00. Following the completion of the transaction, the director directly owned 22,400 shares in the company, valued at approximately $1,713,152. This trade represents a 13.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 159,598 shares of company stock valued at $12,218,560. 2.40% of the stock is owned by corporate insiders.

Nutanix Stock Performance

Nutanix stock opened at $47.32 on Friday. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 63.09, a price-to-earnings-growth ratio of 5.01 and a beta of 0.53. Nutanix has a 1 year low of $46.12 and a 1 year high of $83.36. The firm’s 50 day moving average price is $65.15 and its two-hundred day moving average price is $71.03.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $670.58 million during the quarter, compared to analyst estimates of $677.23 million. Nutanix had a negative return on equity of 32.17% and a net margin of 8.43%.The company’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. As a group, equities analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on NTNX. The Goldman Sachs Group dropped their price target on shares of Nutanix from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Northland Securities decreased their price objective on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, November 26th. Northland Capmk cut Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nutanix in a research report on Monday. Finally, Zacks Research cut Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.13.

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.