Landscape Capital Management L.L.C. Reduces Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Landscape Capital Management L.L.C. lessened its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 90.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,700 shares of the technology company’s stock after selling 100,786 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Nutanix were worth $634,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in Nutanix by 29.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock worth $269,024,000 after buying an additional 985,421 shares during the period. Jericho Capital Asset Management L.P. lifted its position in shares of Nutanix by 13.1% during the first quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company’s stock worth $246,196,000 after acquiring an additional 462,000 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Nutanix by 7.4% in the second quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock worth $212,548,000 after acquiring an additional 256,156 shares during the period. Marshall Wace LLP grew its position in shares of Nutanix by 47.5% in the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after purchasing an additional 477,838 shares in the last quarter. Finally, Driehaus Capital Management LLC raised its stake in shares of Nutanix by 123.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after purchasing an additional 794,215 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NTNX opened at $73.18 on Friday. Nutanix, Inc. has a 1 year low of $40.33 and a 1 year high of $73.69. The firm has a market cap of $19.41 billion, a P/E ratio of -140.73, a P/E/G ratio of 11.74 and a beta of 1.17. The stock has a 50 day simple moving average of $63.90 and a two-hundred day simple moving average of $59.33.

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

Insider Activity

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 completion of the sale, the chief operating officer now owns 123,868 shares of the company’s stock, valued at $7,411,022.44. This represents a 8.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the sale, the chief financial officer now directly owns 192,169 shares in the company, valued at approximately $11,309,145.65. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NTNX has been the subject of several analyst reports. Royal Bank of Canada raised their target price on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Barclays upped their target price on shares of Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Piper Sandler raised their price target on shares of Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Bank of America upped their price target on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, Morgan Stanley raised Nutanix from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $71.00 to $72.00 in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.86.

About Nutanix

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.