APG Asset Management US Inc. Purchases 17,309 Shares of Nutanix $NTNX

APG Asset Management US Inc. boosted its position in Nutanix (NASDAQ:NTNX) by 218.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,240 shares of the technology company’s stock after purchasing an additional 17,309 shares during the quarter. APG Asset Management US Inc.’s holdings in Nutanix were worth $1,762,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Colonial Trust Co SC bought a new position in Nutanix in the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock valued at $30,000 after acquiring an additional 191 shares in the last quarter. GW&K Investment Management LLC bought a new position in shares of Nutanix during the first quarter valued at $30,000. SouthState Corp bought a new position in shares of Nutanix during the first quarter valued at $32,000. Finally, Fifth Third Bancorp increased its holdings in shares of Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company’s stock valued at $35,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Insider Transactions at Nutanix

In other Nutanix news, Director Virginia Gambale sold 7,000 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $78.00, for a total value of $546,000.00. Following the transaction, the director directly owned 38,330 shares of the company’s stock, valued at approximately $2,989,740. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the completion of the transaction, the chief financial officer directly owned 209,070 shares in the company, valued at $15,205,661.10. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,491,492 shares of company stock valued at $421,797,778. Company insiders own 6.80% of the company’s stock.

Nutanix Stock Performance

NASDAQ NTNX opened at $68.79 on Friday. Nutanix has a one year low of $52.18 and a one year high of $83.36. The stock has a 50-day moving average of $73.35 and a 200 day moving average of $72.00. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 138.65, a PEG ratio of 4.48 and a beta of 0.71.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $638.98 million for the quarter, compared to analysts’ expectations of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%.The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. On average, equities analysts predict that Nutanix will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NTNX. Needham & Company LLC restated a “buy” rating and set a $92.00 price target on shares of Nutanix in a report on Thursday, May 29th. Citigroup upgraded Nutanix to a “positive” rating in a report on Tuesday, August 5th. KeyCorp began coverage on Nutanix in a report on Thursday, June 26th. They set an “overweight” rating and a $95.00 price target for the company. The Goldman Sachs Group began coverage on Nutanix in a report on Tuesday, July 15th. They set a “buy” rating and a $95.00 price target for the company. Finally, Raymond James Financial downgraded Nutanix from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

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.