Rhumbline Advisers Purchases 438,268 Shares of Nutanix $NTNX

Rhumbline Advisers increased its position in shares of Nutanix (NASDAQ:NTNX) by 102.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 868,143 shares of the technology company’s stock after acquiring an additional 438,268 shares during the period. Rhumbline Advisers owned about 0.32% of Nutanix worth $64,581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NTNX. Dynamic Technology Lab Private Ltd grew its holdings in shares of Nutanix by 67.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock worth $2,218,000 after purchasing an additional 11,670 shares during the last quarter. Norges Bank acquired a new stake in Nutanix during the 2nd quarter worth approximately $263,938,000. Swiss National Bank boosted its position in Nutanix by 6.7% during the 2nd quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock worth $58,576,000 after buying an additional 48,400 shares during the period. Prudential Financial Inc. grew its holdings in Nutanix by 1,069.5% during the 2nd quarter. Prudential Financial Inc. now owns 222,472 shares of the technology company’s stock worth $15,560,000 after acquiring an additional 203,449 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Nutanix by 19.1% in the 2nd quarter. Schroder Investment Management Group now owns 1,190,376 shares of the technology company’s stock valued at $90,992,000 after acquiring an additional 191,314 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NTNX shares. Bank of America cut their price target on shares of Nutanix from $93.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. KeyCorp cut their target price on Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. The Goldman Sachs Group decreased their price target on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Monday. Needham & Company LLC cut their price objective on Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Finally, Wall Street Zen cut Nutanix from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.13.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $41.13 on Friday. Nutanix has a 1 year low of $35.39 and a 1 year high of $83.36. The business’s 50-day moving average is $47.01 and its 200-day moving average is $61.30. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 54.84, a P/E/G ratio of 4.42 and a beta of 0.48.

Nutanix (NASDAQ:NTNX) last released its earnings results on Tuesday, November 25th. The technology company reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $670.58 million during the quarter, compared to analysts’ expectations of $677.23 million. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The firm’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 earnings per share. Analysts anticipate that Nutanix will post 0.31 EPS for the current year.

Nutanix Company 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.