Nutanix $NTNX Stock Position Increased by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC grew its holdings in shares of Nutanix (NASDAQ:NTNX) by 26.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 197,185 shares of the technology company’s stock after purchasing an additional 41,728 shares during the period. Nutanix makes up approximately 1.9% of Abacus FCF Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Abacus FCF Advisors LLC owned 0.07% of Nutanix worth $14,669,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Twin Tree Management LP bought a new stake in Nutanix during the first quarter worth approximately $29,000. Farther Finance Advisors LLC boosted its stake in Nutanix by 42.6% during the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after buying an additional 150 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Nutanix during the second quarter valued at about $45,000. Banque Transatlantique SA acquired a new stake in Nutanix in the 1st quarter valued at about $46,000. Finally, Itau Unibanco Holding S.A. boosted its position in shares of Nutanix by 33.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock valued at $57,000 after purchasing an additional 186 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Teresa Gayle Sheppard sold 3,500 shares of the company’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 transaction of $267,680.00. Following the sale, the director owned 22,400 shares in the company, valued at $1,713,152. This represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 144,707 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 524,608 shares of the company’s stock, valued at approximately $40,090,543.36. The trade was a 21.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.40% of the stock is currently owned by corporate insiders.

Nutanix Stock Down 0.9%

Shares of NTNX opened at $52.35 on Tuesday. The company has a 50-day moving average price of $58.36 and a two-hundred day moving average price of $67.85. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 69.80, a P/E/G ratio of 5.62 and a beta of 0.53. Nutanix has a 12 month low of $46.12 and a 12 month high of $83.36.

Nutanix (NASDAQ:NTNX) last released its quarterly 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 for the quarter, compared to analyst estimates of $677.23 million. During the same period in the prior year, the company earned $0.42 EPS. Nutanix’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities research analysts expect that Nutanix will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on NTNX. Northland Securities reduced their price objective on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, November 26th. Barclays reiterated an “overweight” rating and issued a $64.00 price target on shares of Nutanix in a research report on Wednesday, November 26th. Zacks Research downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Wells Fargo & Company lowered their price objective on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 26th. Finally, Bank of America reduced their price objective on Nutanix from $93.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.13.

Nutanix Company Profile

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.