Engineers Gate Manager LP Sells 117,906 Shares of Nutanix $NTNX

Engineers Gate Manager LP reduced its stake in Nutanix (NASDAQ:NTNX) by 45.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,036 shares of the technology company’s stock after selling 117,906 shares during the period. Engineers Gate Manager LP’s holdings in Nutanix were worth $7,187,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NTNX. Parkside Financial Bank & Trust lifted its stake in Nutanix by 43.8% in the second quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company’s stock valued at $29,000 after buying an additional 176 shares during the period. CoreCap Advisors LLC grew its position in shares of Nutanix by 28.6% during the 2nd quarter. CoreCap Advisors LLC now owns 900 shares of the technology company’s stock worth $46,000 after buying an additional 200 shares during the period. Utah Retirement Systems grew its position in shares of Nutanix by 0.6% during the 4th quarter. Utah Retirement Systems now owns 42,355 shares of the technology company’s stock worth $2,189,000 after buying an additional 257 shares during the period. International Assets Investment Management LLC grew its position in shares of Nutanix by 5.8% during the 1st quarter. International Assets Investment Management LLC now owns 4,700 shares of the technology company’s stock worth $179,000 after buying an additional 259 shares during the period. Finally, CX Institutional increased its stake in shares of Nutanix by 134.6% in the 2nd quarter. CX Institutional now owns 488 shares of the technology company’s stock valued at $25,000 after acquiring an additional 280 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Performance

Shares of NTNX stock opened at $65.92 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.78 and a current ratio of 1.80. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The company’s 50 day moving average price is $61.71 and its two-hundred day moving average price is $50.03. The company has a market capitalization of $17.82 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 3.71 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.11. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The company had revenue of $757.08 million during the quarter, compared to analysts’ expectations of $738.27 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, analysts expect that Nutanix will post 1.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NTNX. Needham & Company LLC increased their price target on shares of Nutanix from $60.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Rosenblatt Securities boosted their price objective on shares of Nutanix from $60.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a research note on Wednesday, June 24th. Barclays increased their target price on shares of Nutanix from $53.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. Finally, Piper Sandler reissued an “overweight” rating and set a $75.00 price target (up from $60.00) on shares of Nutanix in a research report on Thursday, August 27th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.71.

Nutanix Company Profile

Nutanix, Inc is a cloud computing software company that provides infrastructure and management solutions for enterprise data centers, private clouds, public clouds and hybrid multicloud environments. Its platform is designed to simplify the deployment, operation and management of applications and workloads across on-premises infrastructure and multiple cloud providers.

The company’s offerings include the Nutanix Cloud Infrastructure platform, which combines compute, storage and virtualization capabilities; the Nutanix Cloud Manager suite for monitoring, automation, governance and cost management; and Nutanix Unified Storage.