Nutanix $NTNX Position Boosted by Qube Research & Technologies Ltd

Qube Research & Technologies Ltd boosted its holdings in Nutanix (NASDAQ:NTNX) by 221.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,614,293 shares of the technology company’s stock after acquiring an additional 1,112,177 shares during the quarter. Qube Research & Technologies Ltd owned 0.60% of Nutanix worth $123,397,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NTNX. Investment Management Corp of Ontario grew its stake in shares of Nutanix by 5.2% in the second quarter. Investment Management Corp of Ontario now owns 52,193 shares of the technology company’s stock worth $3,990,000 after purchasing an additional 2,602 shares in the last quarter. AXA S.A. raised its position in shares of Nutanix by 641.1% during the 2nd quarter. AXA S.A. now owns 449,574 shares of the technology company’s stock worth $34,365,000 after buying an additional 388,912 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Nutanix by 94.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock worth $3,690,000 after acquiring an additional 23,479 shares during the period. Certuity LLC bought a new position in shares of Nutanix in the second quarter valued at approximately $219,000. Finally, Ossiam increased its stake in shares of Nutanix by 810.6% during the second quarter. Ossiam now owns 75,280 shares of the technology company’s stock valued at $5,754,000 after acquiring an additional 67,013 shares during the period. Institutional investors own 85.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley cut their target price on Nutanix from $90.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Nutanix in a report on Monday, December 1st. Oppenheimer assumed coverage on Nutanix in a research note on Monday, November 17th. They set an “outperform” rating and a $90.00 target price for the company. Finally, Bank of America dropped their price target on shares of Nutanix from $93.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.13.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $47.89 on Thursday. The company has a market capitalization of $12.87 billion, a PE ratio of 63.85, a price-to-earnings-growth ratio of 5.02 and a beta of 0.53. The stock has a fifty day moving average of $63.46 and a 200-day moving average of $70.28. Nutanix has a one year low of $46.12 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The company had revenue of $670.58 million for the quarter, compared to analyst estimates of $677.23 million. During the same period in the previous year, the firm earned $0.42 earnings per share. Nutanix’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, research analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

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 shares were sold at an average price of $76.48, for a total value of $267,680.00. Following the completion of the sale, the director owned 22,400 shares in the company, valued at approximately $1,713,152. This represents a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $11,058,508.94. Following the transaction, the chief executive officer owned 524,608 shares in the company, valued at approximately $40,090,543.36. The trade was a 21.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,598 shares of company stock worth $12,218,560 over the last ninety days. 2.40% of the stock is currently owned by company insiders.

Nutanix Company 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.