Generation Investment Management LLP Cuts Stock Position in Nutanix $NTNX

Generation Investment Management LLP cut its stake in shares of Nutanix (NASDAQ:NTNX) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,443,573 shares of the technology company’s stock after selling 212,358 shares during the period. Nutanix makes up 3.2% of Generation Investment Management LLP’s portfolio, making the stock its 12th largest holding. Generation Investment Management LLP’s holdings in Nutanix were worth $479,337,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Nutanix by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company’s stock worth $1,984,909,000 after buying an additional 1,167,193 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Nutanix by 30.8% during the second quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock worth $360,206,000 after acquiring an additional 1,108,261 shares during the period. Geode Capital Management LLC raised its holdings in Nutanix by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,549,909 shares of the technology company’s stock worth $346,720,000 after purchasing an additional 25,918 shares in the last quarter. Federated Hermes Inc. raised its holdings in Nutanix by 10.7% during the third quarter. Federated Hermes Inc. now owns 3,559,876 shares of the technology company’s stock worth $264,819,000 after purchasing an additional 344,076 shares in the last quarter. Finally, Norges Bank acquired a new stake in Nutanix in the second quarter valued at about $263,938,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

NASDAQ NTNX opened at $37.38 on Tuesday. The business has a 50 day moving average price of $46.04 and a 200 day moving average price of $59.45. The company has a market capitalization of $10.11 billion, a P/E ratio of 49.84, a PEG ratio of 4.28 and a beta of 0.48. Nutanix has a 1-year low of $35.39 and a 1-year high of $83.36.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share 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 for the quarter, compared to analyst estimates of $677.23 million. During the same quarter in the prior year, the company earned $0.42 earnings per share. Nutanix’s revenue was up 13.5% compared to the same quarter last year. On average, research analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several recent analyst reports. Morgan Stanley set a $62.00 target price on Nutanix in a research report on Monday, January 12th. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price objective (down previously from $88.00) on shares of Nutanix in a report on Wednesday, November 26th. JPMorgan Chase & Co. cut their price objective on Nutanix from $78.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Wells Fargo & Company decreased their target price on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 26th. Finally, Wall Street Zen cut shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.13.

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.