Marshall Wace LLP Acquires 1,415,117 Shares of Nutanix $NTNX

Marshall Wace LLP lifted its holdings in shares of Nutanix (NASDAQ:NTNX) by 75.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,279,107 shares of the technology company’s stock after purchasing an additional 1,415,117 shares during the period. Marshall Wace LLP owned 1.22% of Nutanix worth $250,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NTNX. Norges Bank acquired a new position in Nutanix during the 2nd quarter worth about $263,938,000. AQR Capital Management LLC grew its stake in shares of Nutanix by 65.5% during the first quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company’s stock valued at $246,874,000 after purchasing an additional 1,426,049 shares during the last quarter. Jericho Capital Asset Management L.P. increased its holdings in shares of Nutanix by 46.8% in the first quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company’s stock valued at $286,430,000 after purchasing an additional 1,308,357 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Nutanix in the first quarter valued at approximately $86,949,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Nutanix by 4,832.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 506,418 shares of the technology company’s stock worth $35,353,000 after purchasing an additional 496,150 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Nutanix Trading Down 0.7%

Shares of NTNX opened at $47.11 on Friday. The stock has a market cap of $12.66 billion, a P/E ratio of 62.81, a price-to-earnings-growth ratio of 5.05 and a beta of 0.53. Nutanix has a 1 year low of $46.12 and a 1 year high of $83.36. The stock’s 50-day moving average price is $65.74 and its two-hundred day moving average price is $71.28.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Nutanix had a net margin of 8.43% and a negative return on equity of 32.17%. The business had revenue of $670.58 million for the quarter, compared to the consensus estimate of $677.23 million. During the same period last year, the company posted $0.42 EPS. Nutanix’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities analysts forecast that Nutanix will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays reiterated an “overweight” rating and issued a $64.00 price objective on shares of Nutanix in a research report on Wednesday, November 26th. KeyCorp lowered their price objective on Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Northland Securities cut their target price on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 26th. Needham & Company LLC reduced their target price on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Finally, Bank of America dropped their price target on shares of Nutanix from $93.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.13.

Insider Buying and Selling

In other news, Director Teresa Gayle Sheppard sold 3,500 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total value of $267,680.00. Following the completion of the sale, the director owned 22,400 shares of the company’s stock, valued at approximately $1,713,152. This represents a 13.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 144,707 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the transaction, the chief executive officer owned 524,608 shares in the company, valued at approximately $40,090,543.36. The trade was a 21.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 159,598 shares of company stock valued at $12,218,560. 2.40% of the stock is owned by company insiders.

Nutanix 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.