SG Americas Securities LLC Sells 80,491 Shares of Nutanix $NTNX

SG Americas Securities LLC decreased its position in shares of Nutanix (NASDAQ:NTNX) by 57.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 59,018 shares of the technology company’s stock after selling 80,491 shares during the period. SG Americas Securities LLC’s holdings in Nutanix were worth $2,243,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. New Millennium Group LLC bought a new stake in shares of Nutanix during the fourth quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new position in Nutanix during the fourth quarter valued at $39,000. Covestor Ltd lifted its position in Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after buying an additional 324 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after buying an additional 502 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in shares of Nutanix by 78.7% during the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after buying an additional 432 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NTNX shares. Wells Fargo & Company increased their price target on shares of Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group restated a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. Northland Securities set a $47.00 target price on shares of Nutanix in a report on Thursday, May 28th. Finally, Royal Bank Of Canada boosted their price target on Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $51.20 on Thursday. The firm’s 50 day moving average price is $47.18 and its 200-day moving average price is $44.55. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42. The company has a market cap of $13.84 billion, a PE ratio of 53.90, a P/E/G ratio of 4.49 and a beta of 0.61.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.12. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The company had revenue of $364.94 million during the quarter, compared to the consensus estimate of $686.34 million. During the same quarter last year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts forecast that Nutanix will post 0.71 earnings per share for the current fiscal 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.