Kopp Family Office LLC decreased its position in Nutanix (NASDAQ:NTNX – Free Report) by 34.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,715 shares of the technology company’s stock after selling 14,766 shares during the quarter. Nutanix comprises approximately 1.1% of Kopp Family Office LLC’s holdings, making the stock its 11th largest position. Kopp Family Office LLC’s holdings in Nutanix were worth $2,022,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its stake in Nutanix by 1.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 9,460 shares of the technology company’s stock valued at $666,000 after buying an additional 155 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Nutanix by 43.8% in the second quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company’s stock worth $29,000 after acquiring an additional 176 shares in the last quarter. CoreCap Advisors LLC raised its position in Nutanix by 28.6% in the second quarter. CoreCap Advisors LLC now owns 900 shares of the technology company’s stock worth $46,000 after acquiring an additional 200 shares in the last quarter. Doliver Advisors LP raised its position in Nutanix by 3.0% in the third quarter. Doliver Advisors LP now owns 7,657 shares of the technology company’s stock worth $539,000 after acquiring an additional 221 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Nutanix by 41.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 876 shares of the technology company’s stock valued at $62,000 after acquiring an additional 258 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.
Nutanix Price Performance
Shares of NASDAQ:NTNX opened at $70.11 on Thursday. The company has a market capitalization of $18.97 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 3.38 and a beta of 0.64. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a fifty day moving average of $68.91 and a 200-day moving average of $56.20. Nutanix has a one year low of $34.01 and a one year high of $75.98.
Nutanix (NASDAQ:NTNX – Get Free Report) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $757.08 million for the quarter, compared to analysts’ expectations of $738.27 million. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 EPS. As a group, equities analysts anticipate that Nutanix will post 1.17 EPS for the current fiscal year.
Insider Activity
In related news, Director Teresa Sheppard sold 3,500 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $73.67, for a total value of $257,845.00. Following the completion of the transaction, the director owned 23,488 shares in the company, valued at $1,730,360.96. This trade represents a 12.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 232,712 shares of Nutanix stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $74.55, for a total value of $17,348,679.60. Following the completion of the transaction, the chief financial officer directly owned 92,775 shares in the company, valued at $6,916,376.25. This represents a 71.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 674,351 shares of company stock valued at $49,736,524 over the last three months. Insiders own 2.40% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. UBS Group set a $85.00 price objective on shares of Nutanix in a research report on Thursday, August 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $75.00 price objective (up from $60.00) on shares of Nutanix in a research note on Thursday, August 27th. Rosenblatt Securities boosted their target price on shares of Nutanix from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Zacks Research downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Finally, Morgan Stanley increased their target price on shares of Nutanix from $55.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and an average target price of $73.07.
View Our Latest Report on NTNX
About Nutanix
Nutanix, Inc is a cloud computing and enterprise software company that provides infrastructure and platform services for running applications across private, hybrid and multicloud environments. Its products are designed to simplify the management of data centers and cloud resources by combining computing, storage, virtualization, networking and data services within a unified software platform.
The company’s offerings include the Nutanix Cloud Platform, which supports enterprise applications and workloads across on-premises infrastructure and public clouds.
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