Nutanix $NTNX Stock Holdings Raised by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd increased its position in Nutanix (NASDAQ:NTNX) by 84.0% in the fourth quarter, Holdings Channel reports. The firm owned 798,319 shares of the technology company’s stock after purchasing an additional 364,512 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Nutanix were worth $41,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTNX. CW Advisors LLC acquired a new position in shares of Nutanix in the 2nd quarter worth approximately $273,000. Cerity Partners LLC raised its position 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 acquiring an additional 10,967 shares in the last quarter. Bank of Nova Scotia lifted its stake in Nutanix by 296.5% during the second quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company’s stock worth $3,181,000 after purchasing an additional 31,119 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Nutanix by 94.7% during the second quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock worth $3,690,000 after purchasing an additional 23,479 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Nutanix by 164.4% in the second quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company’s stock worth $659,000 after purchasing an additional 5,361 shares during the period. 85.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

NTNX has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 24th. Rosenblatt Securities assumed coverage on shares of Nutanix in a report on Thursday, April 2nd. They issued a “buy” rating and a $60.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a research report on Friday, March 27th. William Blair reiterated a “market perform” rating on shares of Nutanix in a research note on Monday, March 23rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $44.00 target price on shares of Nutanix in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.87.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $45.54 on Friday. The firm has a market capitalization of $12.08 billion, a PE ratio of 49.50, a P/E/G ratio of 4.97 and a beta of 0.54. Nutanix has a 1-year low of $34.01 and a 1-year high of $83.36. The business’s fifty day moving average price is $40.39 and its two-hundred day moving average price is $47.06.

Nutanix (NASDAQ:NTNX) last released its quarterly 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. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business had revenue of $722.83 million during the quarter, compared to analyst estimates of $709.83 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts expect that Nutanix will post 0.56 earnings per share for the current fiscal year.

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.