Norges Bank Invests $187.17 Million in Nutanix $NTNX

Norges Bank bought a new position in shares of Nutanix (NASDAQ:NTNXFree Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,620,987 shares of the technology company’s stock, valued at approximately $187,169,000.

Other institutional investors have also made changes to their positions in the company. New Millennium Group LLC acquired a new position in shares of Nutanix during the fourth quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in shares of Nutanix during the fourth quarter worth $39,000. Covestor Ltd lifted its position in shares of Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Nutanix by 159.4% during the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after purchasing an additional 502 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new position in shares of Nutanix during the third quarter worth $68,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

NTNX opened at $53.04 on Thursday. The stock has a market capitalization of $14.07 billion, a PE ratio of 55.83, a P/E/G ratio of 6.20 and a beta of 0.62. The firm’s fifty day moving average price is $42.87 and its 200 day moving average price is $45.03. Nutanix has a 12-month low of $34.01 and a 12-month high of $82.42.

Nutanix (NASDAQ:NTNXGet Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. The firm had revenue of $364.94 million for the quarter, compared to analysts’ expectations of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. On average, equities research analysts forecast that Nutanix will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. William Blair reissued a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. KeyCorp reissued an “overweight” rating on shares of Nutanix in a research report on Thursday, May 28th. Morgan Stanley boosted their target price on shares of Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. UBS Group upped their price target on shares of Nutanix from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Read Our Latest Stock Report on Nutanix

Nutanix Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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