Penserra Capital Management LLC Cuts Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Penserra Capital Management LLC lessened its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 14.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 38,054 shares of the technology company’s stock after selling 6,678 shares during the quarter. Penserra Capital Management LLC’s holdings in Nutanix were worth $2,253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Driehaus Capital Management LLC lifted its holdings in Nutanix by 123.9% during the second quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock worth $81,593,000 after buying an additional 794,215 shares during the period. Marshall Wace LLP lifted its stake in shares of Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after purchasing an additional 477,838 shares during the last quarter. Deepwater Asset Management LLC purchased a new stake in shares of Nutanix during the 2nd quarter worth $15,480,000. BW Gestao de Investimentos Ltda. bought a new stake in Nutanix during the second quarter valued at about $14,781,000. Finally, Renaissance Technologies LLC grew its stake in Nutanix by 7.4% in the second quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock valued at $212,548,000 after purchasing an additional 256,156 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NTNX. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Raymond James upped their price target on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Bank of America raised their price objective on Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Barclays upped their target price on Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Finally, Oppenheimer assumed coverage on Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.86.

Insider Buying and Selling at Nutanix

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the firm’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 sale, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. This trade represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Sangster sold 11,950 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Price Performance

NASDAQ NTNX opened at $72.80 on Tuesday. Nutanix, Inc. has a 1 year low of $40.33 and a 1 year high of $75.80. The company has a market capitalization of $19.31 billion, a PE ratio of -140.00, a P/E/G ratio of 12.11 and a beta of 1.17. The company has a fifty day moving average of $64.17 and a 200 day moving average of $59.32.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The business had revenue of $547.95 million during the quarter, compared to analysts’ expectations of $537.12 million. Research analysts expect that Nutanix, Inc. will post 0.31 earnings per share for the current year.

Nutanix Company Profile

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.