Profund Advisors LLC Decreases Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Profund Advisors LLC lowered its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 36.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,994 shares of the technology company’s stock after selling 8,028 shares during the quarter. Profund Advisors LLC’s holdings in Nutanix were worth $796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTNX. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Nutanix in the 1st quarter valued at about $1,384,000. Cetera Investment Advisers boosted its stake in Nutanix by 48.7% in the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock valued at $4,697,000 after acquiring an additional 24,918 shares in the last quarter. Diversified Trust Co grew its holdings in Nutanix by 46.7% in the second quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock worth $2,084,000 after purchasing an additional 11,668 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Nutanix by 1.4% during the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after purchasing an additional 346,414 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Nutanix by 387.1% during the 1st quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock valued at $162,229,000 after purchasing an additional 2,076,377 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of Nutanix stock opened at $60.64 on Wednesday. The firm has a 50-day simple moving average of $54.18 and a two-hundred day simple moving average of $58.73. Nutanix, Inc. has a fifty-two week low of $33.78 and a fifty-two week high of $73.69. The company has a market cap of $14.96 billion, a P/E ratio of -866.29, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results 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. The company had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. Nutanix had a negative return on equity of 7.88% and a negative net margin of 5.81%. Equities research analysts forecast that Nutanix, Inc. will post 0.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NTNX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of Nutanix in a research report on Thursday, August 29th. JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. KeyCorp raised their price target on shares of Nutanix from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Finally, Morgan Stanley lifted their price target on Nutanix from $62.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and a consensus price target of $73.31.

Insider Buying and Selling

In other Nutanix news, COO David Sangster sold 11,950 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were 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 in the company, valued at approximately $7,411,022.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. The disclosure for this sale can be found here. 0.46% of the stock is owned by insiders.

Nutanix 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.