Stephens Investment Management Group LLC Has $44.40 Million Stock Holdings in Nutanix $NTNX

Stephens Investment Management Group LLC lifted its position in shares of Nutanix (NASDAQ:NTNX) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 596,908 shares of the technology company’s stock after purchasing an additional 37,273 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Nutanix were worth $44,404,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Nutanix during the 2nd quarter worth $263,938,000. Marshall Wace LLP lifted its holdings in shares of Nutanix by 75.9% during the 2nd quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock valued at $250,655,000 after purchasing an additional 1,415,117 shares in the last quarter. Qube Research & Technologies Ltd grew its position in shares of Nutanix by 221.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,614,293 shares of the technology company’s stock valued at $123,397,000 after purchasing an additional 1,112,177 shares during the period. AQR Capital Management LLC increased its stake in Nutanix by 30.8% during the 2nd quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock worth $360,206,000 after purchasing an additional 1,108,261 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Nutanix by 32.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,215,800 shares of the technology company’s stock worth $245,816,000 after buying an additional 791,822 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Down 6.0%

NTNX stock opened at $45.74 on Friday. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 60.99, a P/E/G ratio of 5.18 and a beta of 0.49. Nutanix has a twelve month low of $45.70 and a twelve month high of $83.36. The business has a 50 day moving average price of $53.28 and a two-hundred day moving average price of $65.75.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The company had revenue of $670.58 million during the quarter, compared to the consensus estimate of $677.23 million. During the same quarter in the prior year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on NTNX. Wall Street Zen cut shares of Nutanix from a “buy” rating to a “hold” rating in a report on Saturday. Oppenheimer assumed coverage on Nutanix in a report on Monday, November 17th. They set an “outperform” rating and a $90.00 price objective for the company. Needham & Company LLC dropped their target price on Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. KeyCorp reduced their price target on Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Finally, Barclays reaffirmed an “equal weight” rating and set a $53.00 price target (down from $64.00) on shares of Nutanix in a research note on Thursday. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.07.

Nutanix 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.