Baader Bank Aktiengesellschaft reduced its stake in Nutanix (NASDAQ:NTNX – Free Report) by 93.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,019 shares of the technology company’s stock after selling 142,681 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Nutanix were worth $518,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Nutanix in the fourth quarter valued at approximately $39,000. Optiver Holding B.V. acquired a new position in shares of Nutanix during the third quarter worth approximately $68,000. Wilmington Savings Fund Society FSB boosted its position in shares of Nutanix by 135.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after buying an additional 609 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Nutanix by 31.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after buying an additional 291 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of Nutanix by 673.8% during the third quarter. Hantz Financial Services Inc. now owns 1,478 shares of the technology company’s stock worth $110,000 after buying an additional 1,287 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
NTNX has been the subject of several analyst reports. The Goldman Sachs Group reduced their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Wall Street Zen downgraded Nutanix from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Bank of America reduced their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company reduced their price objective on Nutanix from $57.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Finally, William Blair reiterated a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.87.
Nutanix Price Performance
Shares of NASDAQ:NTNX opened at $46.34 on Friday. Nutanix has a 12 month low of $34.01 and a 12 month high of $83.36. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 50.37, a PEG ratio of 5.09 and a beta of 0.54. The stock’s 50 day moving average price is $40.51 and its 200 day moving average price is $47.05.
Nutanix (NASDAQ:NTNX – Get Free Report) last announced its earnings results on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The firm had revenue of $722.83 million for the quarter, compared to analysts’ expectations of $709.83 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that Nutanix will post 0.56 EPS for the current year.
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.
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