South Dakota Investment Council boosted its stake in Nutanix (NASDAQ:NTNX – Free Report) by 27.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,377 shares of the technology company’s stock after purchasing an additional 12,200 shares during the quarter. South Dakota Investment Council’s holdings in Nutanix were worth $2,181,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Katamaran Capital LLP boosted its position in shares of Nutanix by 270.0% during the 4th quarter. Katamaran Capital LLP now owns 86,094 shares of the technology company’s stock worth $4,450,000 after purchasing an additional 62,825 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in Nutanix in the 4th quarter valued at about $1,800,000. Azzad Asset Management Inc. ADV increased its position in Nutanix by 39.5% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 48,698 shares of the technology company’s stock valued at $2,517,000 after buying an additional 13,789 shares in the last quarter. Peregrine Capital Management LLC raised its stake in Nutanix by 18.5% during the 4th quarter. Peregrine Capital Management LLC now owns 183,568 shares of the technology company’s stock worth $9,489,000 after buying an additional 28,677 shares during the period. Finally, BW Gestao de Investimentos Ltda. raised its stake in Nutanix by 19.1% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 663,074 shares of the technology company’s stock worth $34,274,000 after buying an additional 106,420 shares during the period. 85.25% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on NTNX. The Goldman Sachs Group reiterated a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a report on Wednesday, June 24th. JPMorgan Chase & Co. upped their target price on Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Barclays increased their target price on Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, KeyCorp reissued an “overweight” rating on shares of Nutanix in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.
Nutanix Stock Performance
Shares of NASDAQ NTNX opened at $59.01 on Friday. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 62.12, a PEG ratio of 5.22 and a beta of 0.61. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42. The firm’s 50-day simple moving average is $52.16 and its 200 day simple moving average is $45.18.
Nutanix (NASDAQ:NTNX – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $703.07 million during the quarter, compared to analyst estimates of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. On average, sell-side analysts predict that Nutanix will post 0.71 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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