Baader Bank Aktiengesellschaft Boosts Stake in Nutanix (NASDAQ:NTNX)

Baader Bank Aktiengesellschaft boosted its stake in Nutanix (NASDAQ:NTNX) by 11.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,526 shares of the technology company’s stock after acquiring an additional 2,526 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Nutanix were worth $1,704,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NTNX. Contour Asset Management LLC acquired a new position in Nutanix during the 4th quarter worth approximately $87,318,000. Perpetual Ltd increased its position in Nutanix by 10,205.2% during the 1st quarter. Perpetual Ltd now owns 875,946 shares of the technology company’s stock worth $61,150,000 after purchasing an additional 867,446 shares during the period. Cadian Capital Management LP increased its position in Nutanix by 68.5% during the 4th quarter. Cadian Capital Management LP now owns 1,455,792 shares of the technology company’s stock worth $89,065,000 after purchasing an additional 591,892 shares during the period. Annex Advisory Services LLC acquired a new position in Nutanix during the 1st quarter worth approximately $37,294,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Nutanix by 48.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,314,509 shares of the technology company’s stock worth $80,422,000 after purchasing an additional 428,171 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Ratings Changes

NTNX has been the topic of a number of research reports. Wall Street Zen cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Monday, June 30th. Piper Sandler restated an “overweight” rating and issued a $88.00 price target (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Needham & Company LLC restated a “buy” rating and issued a $92.00 price target on shares of Nutanix in a report on Thursday, May 29th. KeyCorp initiated coverage on Nutanix in a report on Thursday, June 26th. They issued an “overweight” rating and a $95.00 price target on the stock. Finally, Susquehanna upped their price target on Nutanix from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Thursday, May 29th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

Nutanix Stock Up 1.7%

Shares of Nutanix stock opened at $75.55 on Wednesday. Nutanix has a fifty-two week low of $43.35 and a fifty-two week high of $83.36. The firm has a market cap of $20.25 billion, a PE ratio of 151.59, a P/E/G ratio of 6.86 and a beta of 0.67. The business’s fifty day moving average is $75.45 and its two-hundred day moving average is $71.43.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The company had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. During the same quarter in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Equities research analysts anticipate that Nutanix will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Nutanix news, Director Virginia Gambale sold 7,000 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total transaction of $546,000.00. Following the transaction, the director owned 38,330 shares of the company’s stock, valued at $2,989,740. This represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Groen Max Pieter De sold 5,480,467 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $76.81, for a total value of $420,954,670.27. Following the sale, the director owned 5,480,468 shares of the company’s stock, valued at approximately $420,954,747.08. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,552,549 shares of company stock worth $426,621,281. 6.80% of the stock is owned by company insiders.

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.