Kepler Cheuvreux Suisse SA Buys Shares of 13,798 Nutanix $NTNX

Kepler Cheuvreux Suisse SA bought a new stake in shares of Nutanix (NASDAQ:NTNX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,798 shares of the technology company’s stock, valued at approximately $713,000.

A number of other institutional investors also recently modified their holdings of NTNX. CW Advisors LLC acquired a new stake in shares of Nutanix during the 2nd quarter valued at $273,000. Cerity Partners LLC boosted its stake in shares of Nutanix by 15.2% during the 2nd quarter. Cerity Partners LLC now owns 83,073 shares of the technology company’s stock valued at $6,350,000 after buying an additional 10,967 shares during the period. Bank of Nova Scotia lifted its stake in shares of Nutanix by 296.5% in the 2nd quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company’s stock valued at $3,181,000 after purchasing an additional 31,119 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Nutanix by 94.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock valued at $3,690,000 after purchasing an additional 23,479 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Nutanix by 164.4% in the 2nd quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company’s stock valued at $659,000 after purchasing an additional 5,361 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several analyst reports. Needham & Company LLC reduced their price objective on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. The Goldman Sachs Group reduced their price objective on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Bank of America reduced their price objective on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Morgan Stanley reduced their price objective on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 24th. Finally, William Blair reaffirmed a “market perform” rating on shares of Nutanix in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and a consensus target price of $60.87.

Nutanix Price Performance

Shares of NTNX opened at $45.16 on Tuesday. The company has a market capitalization of $11.98 billion, a PE ratio of 49.09, a price-to-earnings-growth ratio of 5.14 and a beta of 0.54. Nutanix has a one year low of $34.01 and a one year high of $83.36. The company’s fifty day moving average price is $40.08 and its 200 day moving average price is $47.58.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.44 by $0.12. The firm had revenue of $722.83 million for the quarter, compared to the consensus estimate of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Analysts anticipate that Nutanix will post 0.56 earnings per share 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.