Arrowstreet Capital Limited Partnership Has $44.91 Million Stock Position in Nutanix $NTNX

Arrowstreet Capital Limited Partnership increased its holdings in Nutanix (NASDAQ:NTNX) by 161.5% in the 2nd quarter, Holdings Channel reports. The fund owned 587,482 shares of the technology company’s stock after purchasing an additional 362,812 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Nutanix were worth $44,907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NTNX. Swedbank AB purchased a new stake in Nutanix in the 1st quarter worth approximately $1,642,000. Silverberg Bernstein Capital Management LLC grew its holdings in shares of Nutanix by 61.6% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 37,893 shares of the technology company’s stock valued at $2,897,000 after acquiring an additional 14,438 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of Nutanix by 67.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock worth $2,218,000 after acquiring an additional 11,670 shares during the last quarter. Norges Bank purchased a new stake in shares of Nutanix during the second quarter worth $263,938,000. Finally, Swiss National Bank raised its holdings in shares of Nutanix by 6.7% during the second quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock worth $58,576,000 after acquiring an additional 48,400 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on NTNX shares. Needham & Company LLC lowered their target price on Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Oppenheimer initiated coverage on Nutanix in a research note on Monday, November 17th. They issued an “outperform” rating and a $90.00 price target for the company. Wall Street Zen lowered shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company reduced their target price on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 26th. Finally, KeyCorp dropped their price target on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.13.

Nutanix Trading Up 0.4%

Shares of Nutanix stock opened at $47.32 on Friday. The firm has a fifty day simple moving average of $65.15 and a 200-day simple moving average of $71.03. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 63.09, a PEG ratio of 5.01 and a beta of 0.53. Nutanix has a 1-year low of $46.12 and a 1-year high of $83.36.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Tuesday, November 25th. The technology company reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The firm 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 32.17%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. As a group, research analysts predict that Nutanix will post 0.31 earnings per share for the current year.

Insider Transactions at Nutanix

In related news, CFO Rukmini Sivaraman sold 11,391 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the completion of the transaction, the chief financial officer owned 254,637 shares of the company’s stock, valued at approximately $19,948,262.58. The trade was a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $76.48, for a total value of $267,680.00. Following the sale, the director owned 22,400 shares of the company’s stock, valued at approximately $1,713,152. The trade was a 13.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 159,598 shares of company stock worth $12,218,560. Company insiders own 2.40% of the company’s stock.

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.