Linden Advisors LP Invests $7.89 Million in Nutanix $NTNX

Linden Advisors LP bought a new stake in shares of Nutanix (NASDAQ:NTNX) during the 2nd quarter, Holdings Channel.com reports. The firm bought 103,193 shares of the technology company’s stock, valued at approximately $7,888,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Twin Tree Management LP acquired a new stake in Nutanix in the 1st quarter valued at $29,000. SouthState Corp purchased a new stake in shares of Nutanix in the first quarter worth about $32,000. Farther Finance Advisors LLC grew its stake 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 buying an additional 150 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Nutanix during the 2nd quarter valued at about $45,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Nutanix during the 1st quarter valued at about $46,000. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nutanix news, Director Teresa Gayle Sheppard sold 3,500 shares of the 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 transaction, the director owned 22,400 shares of the company’s stock, valued at $1,713,152. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 144,707 shares of Nutanix stock in a transaction that occurred on Thursday, October 2nd. The stock was 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 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 159,598 shares of company stock worth $12,218,560. Corporate insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NTNX shares. Northland Securities decreased their price target on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, November 26th. Piper Sandler restated an “overweight” rating and issued a $72.00 target price (down from $88.00) on shares of Nutanix in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lowered their price target on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Wall Street Zen downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Oppenheimer began coverage on shares of Nutanix in a report on Monday, November 17th. They issued an “outperform” rating and a $90.00 price objective on the stock. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $75.13.

Nutanix Trading Up 0.4%

Shares of NASDAQ:NTNX opened at $47.58 on Friday. The firm has a market cap of $12.79 billion, a PE ratio of 63.44, a price-to-earnings-growth ratio of 5.04 and a beta of 0.53. The company has a fifty day simple moving average of $62.30 and a 200 day simple moving average of $69.90. Nutanix has a 12-month low of $46.12 and a 12-month high of $83.36.

Nutanix (NASDAQ:NTNX) last announced 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 company had revenue of $670.58 million during the quarter, compared to analyst estimates of $677.23 million. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. As a group, equities research analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

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.