Perpetual Ltd Cuts Position in Nutanix $NTNX

Perpetual Ltd decreased its holdings in Nutanix (NASDAQ:NTNX) by 32.5% in the third quarter, HoldingsChannel.com reports. The firm owned 505,491 shares of the technology company’s stock after selling 243,408 shares during the quarter. Perpetual Ltd’s holdings in Nutanix were worth $37,603,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NTNX. Norges Bank purchased a new stake in shares of Nutanix in the second quarter valued at approximately $263,938,000. AQR Capital Management LLC grew its stake in Nutanix by 65.5% in the 1st quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company’s stock valued at $246,874,000 after acquiring an additional 1,426,049 shares during the period. Marshall Wace LLP increased its stake in shares of Nutanix by 75.9% during the second quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock worth $250,655,000 after purchasing an additional 1,415,117 shares in the last quarter. Jericho Capital Asset Management L.P. increased its stake in Nutanix by 46.8% during 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 buying an additional 1,308,357 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Nutanix by 221.5% during the second quarter. Qube Research & Technologies Ltd now owns 1,614,293 shares of the technology company’s stock worth $123,397,000 after purchasing an additional 1,112,177 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

NTNX stock opened at $52.30 on Friday. Nutanix has a 1 year low of $46.12 and a 1 year high of $83.36. The business’s 50-day moving average is $60.23 and its two-hundred day moving average is $68.95. The firm has a market capitalization of $14.14 billion, a P/E ratio of 69.73, a P/E/G ratio of 5.39 and a beta of 0.53.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The company had revenue of $670.58 million for the quarter, compared to the consensus estimate of $677.23 million. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. On average, analysts expect that Nutanix will post 0.31 EPS for the current year.

Insider Buying and Selling

In related 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 value of $267,680.00. Following the completion of the transaction, the director directly owned 22,400 shares of the company’s stock, valued at $1,713,152. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 144,707 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $76.42, for a total transaction 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NTNX shares. Bank of America dropped their price objective on shares of Nutanix from $93.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Wells Fargo & Company cut their price objective on Nutanix from $71.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 26th. Zacks Research lowered shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a research report on Monday. Finally, Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Nutanix currently has a consensus 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.