Ensign Peak Advisors Inc Lowers Stake in Nutanix, Inc. (NASDAQ:NTNX)

Ensign Peak Advisors Inc trimmed its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 8.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 82,898 shares of the technology company’s stock after selling 7,740 shares during the period. Ensign Peak Advisors Inc’s holdings in Nutanix were worth $4,713,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Nutanix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock valued at $1,548,378,000 after acquiring an additional 346,414 shares during the last quarter. Generation Investment Management LLP raised its stake in shares of Nutanix by 1.8% during the fourth quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company’s stock worth $823,014,000 after purchasing an additional 300,942 shares during the last quarter. FIL Ltd raised its stake in shares of Nutanix by 74.7% during the fourth quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock worth $424,830,000 after purchasing an additional 3,809,981 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Nutanix by 29.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock valued at $269,024,000 after buying an additional 985,421 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. increased its stake in Nutanix by 13.1% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company’s stock valued at $246,196,000 after buying an additional 462,000 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insiders Place Their Bets

In other news, COO David Sangster sold 11,950 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the transaction, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO David Sangster sold 11,950 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. The disclosure for this sale can be found here. 0.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on NTNX shares. KeyCorp raised their target price on shares of Nutanix from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Bank of America lifted their price objective on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Raymond James increased their target price on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Finally, Barclays upped their price objective on Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and an average target price of $73.31.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $61.20 on Friday. The firm has a market cap of $15.09 billion, a P/E ratio of -874.14, a price-to-earnings-growth ratio of 12.23 and a beta of 1.19. Nutanix, Inc. has a 1 year low of $33.78 and a 1 year high of $73.69. The firm’s 50 day moving average price is $54.44 and its 200 day moving average price is $58.74.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. As a group, equities analysts predict that Nutanix, Inc. will post 0.27 EPS for the current year.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.