Senator Investment Group LP Acquires New Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Senator Investment Group LP acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 85,445 shares of the technology company’s stock, valued at approximately $4,858,000.

Other large investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Nutanix during the second quarter worth $25,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Nutanix during the second quarter worth $32,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Nutanix during the fourth quarter worth $37,000. GAMMA Investing LLC raised its holdings in shares of Nutanix by 35.2% during the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after acquiring an additional 243 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Nutanix during the first quarter worth $64,000. Institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

NTNX stock opened at $59.61 on Monday. The company has a 50 day simple moving average of $54.93 and a 200 day simple moving average of $58.66. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of -851.57, a P/E/G 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.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. The business had revenue of $547.95 million during the quarter, compared to analysts’ expectations of $537.12 million. On average, equities research analysts anticipate that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

NTNX has been the subject of a number of analyst reports. Northland Securities raised their target price on shares of Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, August 30th. Piper Sandler lifted their target price on shares of Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price objective on shares of Nutanix in a research note on Thursday, August 29th. Raymond James lifted their price objective on shares of Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Barclays lifted their price objective on shares of Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a research note 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.31.

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.