1832 Asset Management L.P. Has $2.16 Million Stock Position in Nutanix $NTNX

1832 Asset Management L.P. lowered its stake in Nutanix (NASDAQ:NTNX) by 89.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,282 shares of the technology company’s stock after selling 248,318 shares during the quarter. 1832 Asset Management L.P.’s holdings in Nutanix were worth $2,162,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Twin Tree Management LP bought a new stake in Nutanix in the 1st quarter valued at $29,000. SouthState Corp acquired a new stake in shares of Nutanix in the 1st quarter valued at about $32,000. Farther Finance Advisors LLC lifted its holdings in shares of Nutanix by 42.6% in the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Nutanix during the second quarter worth about $45,000. Finally, Banque Transatlantique SA bought a new position in shares of Nutanix during the first quarter worth about $46,000. Institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on NTNX. Bank of America cut their target price on Nutanix from $93.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Piper Sandler reissued an “overweight” rating and issued a $72.00 price objective (down previously from $88.00) on shares of Nutanix in a research report on Wednesday, November 26th. Barclays restated an “overweight” rating and set a $64.00 target price on shares of Nutanix in a report on Wednesday, November 26th. KeyCorp lowered their price target on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Zacks Research downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.13.

Insider Buying and Selling at Nutanix

In other news, Director Teresa Gayle Sheppard sold 3,500 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Rukmini Sivaraman sold 11,391 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total value 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. The trade was a 4.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,598 shares of company stock worth $12,218,560 over the last 90 days. Company insiders own 2.40% of the company’s stock.

Nutanix Price Performance

Shares of NTNX stock opened at $47.32 on Friday. The company has a fifty day moving average price of $65.15 and a two-hundred day moving average price of $70.96. Nutanix has a one year low of $46.12 and a one year high of $83.36. The stock has a market cap of $12.72 billion, a P/E ratio of 63.09, a P/E/G ratio of 5.03 and a beta of 0.53.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Nutanix had a net margin of 8.43% and a negative return on equity of 32.17%. The company had revenue of $670.58 million for the quarter, compared to analysts’ expectations of $677.23 million. During the same period in the prior year, the firm earned $0.42 EPS. Nutanix’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

About Nutanix

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.