Engineers Gate Manager LP Sells 117,906 Shares of Nutanix $NTNX

Engineers Gate Manager LP trimmed its holdings in shares of Nutanix (NASDAQ:NTNX) by 45.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,036 shares of the technology company’s stock after selling 117,906 shares during the quarter. Engineers Gate Manager LP owned about 0.05% of Nutanix worth $7,187,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in Nutanix by 4,834.4% during the second quarter. California State Teachers Retirement System now owns 14,870,638 shares of the technology company’s stock worth $757,808,000 after purchasing an additional 14,569,274 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Nutanix by 72.8% during the 4th quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock worth $591,991,000 after buying an additional 4,826,443 shares during the period. Geode Capital Management LLC grew its stake in Nutanix by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company’s stock valued at $272,452,000 after buying an additional 135,533 shares during the last quarter. FIL Ltd raised its holdings in Nutanix by 180.1% in the 4th quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock worth $224,021,000 after acquiring an additional 2,786,929 shares during the period. Finally, First Trust Advisors LP lifted its position in Nutanix by 14.0% during the 4th quarter. First Trust Advisors LP now owns 3,647,276 shares of the technology company’s stock worth $188,528,000 after acquiring an additional 447,806 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Price Performance

Shares of NTNX stock opened at $65.92 on Friday. Nutanix has a 12 month low of $34.01 and a 12 month high of $82.42. The company has a market capitalization of $17.82 billion, a P/E ratio of 12.78, a P/E/G ratio of 3.71 and a beta of 0.62. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.92. The stock has a 50 day moving average of $61.71 and a two-hundred day moving average of $50.03.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.11. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The business had revenue of $757.08 million for the quarter, compared to analyst estimates of $738.27 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts expect that Nutanix will post 1.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NTNX shares. Zacks Research cut Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. KeyCorp raised their target price on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, August 24th. Royal Bank Of Canada lifted their price target on Nutanix from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Nutanix in a report on Tuesday, August 25th. Finally, Barclays increased their price objective on Nutanix from $53.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, August 28th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.71.

Nutanix Company Profile

Nutanix, Inc is a cloud computing software company that provides infrastructure and management solutions for enterprise data centers, private clouds, public clouds and hybrid multicloud environments. Its platform is designed to simplify the deployment, operation and management of applications and workloads across on-premises infrastructure and multiple cloud providers.

The company’s offerings include the Nutanix Cloud Infrastructure platform, which combines compute, storage and virtualization capabilities; the Nutanix Cloud Manager suite for monitoring, automation, governance and cost management; and Nutanix Unified Storage.