Korea Investment CORP Decreases Stake in Nutanix $NTNX

Korea Investment CORP cut its position in shares of Nutanix (NASDAQ:NTNX) by 27.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 211,172 shares of the technology company’s stock after selling 80,847 shares during the period. Korea Investment CORP owned approximately 0.08% of Nutanix worth $15,709,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. increased its stake in Nutanix by 3,122.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock worth $53,000 after acquiring an additional 687 shares during the last quarter. Itau Unibanco Holding S.A. boosted its position in shares of Nutanix by 33.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock valued at $57,000 after acquiring an additional 186 shares during the last quarter. Optiver Holding B.V. purchased a new position in shares of Nutanix in the third quarter valued at $68,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Nutanix by 135.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after purchasing an additional 609 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Nutanix by 31.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after purchasing an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

NASDAQ:NTNX opened at $38.63 on Wednesday. The firm has a market capitalization of $10.45 billion, a PE ratio of 41.99, a PEG ratio of 4.25 and a beta of 0.49. The stock’s fifty day moving average is $43.38 and its 200 day moving average is $57.15. Nutanix has a fifty-two week low of $35.39 and a fifty-two week high of $83.36.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data 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 net margin of 9.95% and a negative return on equity of 37.41%. The company had revenue of $722.83 million during the quarter, compared to analyst estimates of $709.83 million. During the same period in the previous year, the firm earned $0.47 earnings per share. Nutanix’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts forecast that Nutanix will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Northland Securities decreased their price target on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 26th. JPMorgan Chase & Co. dropped their price objective on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a report on Monday, December 29th. Needham & Company LLC decreased their target price on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Bank of America lowered their price target on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.43.

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.