KBC Group NV Sells 210,771 Shares of Nutanix $NTNX

KBC Group NV cut its stake in Nutanix (NASDAQ:NTNX) by 85.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,611 shares of the technology company’s stock after selling 210,771 shares during the period. KBC Group NV’s holdings in Nutanix were worth $1,841,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of Nutanix by 102.0% during the 3rd quarter. Rhumbline Advisers now owns 868,143 shares of the technology company’s stock worth $64,581,000 after buying an additional 438,268 shares in the last quarter. Vinva Investment Management Ltd boosted its holdings in shares of Nutanix by 222.8% during the 3rd quarter. Vinva Investment Management Ltd now owns 353,511 shares of the technology company’s stock worth $27,221,000 after buying an additional 244,006 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Nutanix by 1,734.6% during the 3rd quarter. New York State Teachers Retirement System now owns 203,380 shares of the technology company’s stock worth $15,129,000 after buying an additional 192,294 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Nutanix by 674.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 61,590 shares of the technology company’s stock worth $4,582,000 after buying an additional 53,640 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Nutanix by 22.8% during the 4th quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock worth $181,734,000 after buying an additional 653,042 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Up 1.3%

Shares of NASDAQ:NTNX opened at $40.59 on Tuesday. Nutanix has a twelve month low of $34.01 and a twelve month high of $83.36. The stock’s 50 day moving average is $39.57 and its 200-day moving average is $50.07. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 44.12, a PEG ratio of 4.47 and a beta of 0.52.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The company had revenue of $722.83 million for the quarter, compared to analyst estimates of $709.83 million. During the same period in the prior year, the firm earned $0.47 earnings per share. Nutanix’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts anticipate that Nutanix will post 0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NTNX. Morgan Stanley cut their price target on Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 24th. Needham & Company LLC cut their price target on Nutanix from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. JPMorgan Chase & Co. restated a “neutral” rating and set a $44.00 price target on shares of Nutanix in a report on Friday, April 10th. Wells Fargo & Company cut their price target on Nutanix from $57.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Finally, William Blair reaffirmed a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $60.87.

Nutanix Company Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.