National Pension Service boosted its position in Nutanix (NASDAQ:NTNX – Free Report) by 184.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,047 shares of the technology company’s stock after purchasing an additional 19,484 shares during the quarter. National Pension Service’s holdings in Nutanix were worth $1,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. New Millennium Group LLC purchased a new stake in Nutanix in the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new position in shares of Nutanix in the 4th quarter worth $39,000. Covestor Ltd increased its holdings in shares of Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after buying an additional 324 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Nutanix by 159.4% in the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after buying an additional 502 shares during the last quarter. Finally, Optiver Holding B.V. bought a new position in shares of Nutanix in the 3rd quarter worth $68,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently commented on NTNX. Bank of America increased their price target on shares of Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th. UBS Group increased their price target on shares of Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley increased their price target on shares of Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $60.00 price target on shares of Nutanix in a report on Friday. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.00.
Nutanix Stock Performance
NTNX stock opened at $55.87 on Tuesday. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The firm’s fifty day moving average is $42.30 and its 200 day moving average is $45.21. The firm has a market cap of $14.82 billion, a P/E ratio of 58.81, a P/E/G ratio of 5.82 and a beta of 0.54.
Nutanix (NASDAQ:NTNX – Get Free Report) last released its earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. The company had revenue of $364.94 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS. As a group, analysts forecast that Nutanix will post 0.56 EPS for the current year.
About Nutanix
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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