Mutual of America Capital Management LLC Makes New Investment in Nutanix $NTNX

Mutual of America Capital Management LLC acquired a new stake in shares of Nutanix (NASDAQ:NTNX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 123,805 shares of the technology company’s stock, valued at approximately $9,210,000.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in Nutanix by 42.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Nutanix during the second quarter valued at about $45,000. SJS Investment Consulting Inc. raised its holdings in shares of 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. lifted its position in Nutanix by 33.0% in 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in Nutanix by 135.3% during the 3rd 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 during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Price Performance

Shares of Nutanix stock opened at $43.37 on Tuesday. The firm has a market cap of $11.73 billion, a PE ratio of 57.83, a P/E/G ratio of 4.57 and a beta of 0.49. Nutanix has a 1 year low of $41.33 and a 1 year high of $83.36. The stock has a fifty day moving average price of $50.36 and a 200-day moving average price of $64.23.

Nutanix (NASDAQ:NTNX) last posted its quarterly 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. The company had revenue of $670.58 million during the quarter, compared to analyst estimates of $677.23 million. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. As a group, equities analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NTNX shares. Zacks Research downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Royal Bank Of Canada lowered their price target on Nutanix from $74.00 to $65.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price objective (down from $88.00) on shares of Nutanix in a report on Wednesday, November 26th. JPMorgan Chase & Co. lowered their target price on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Northland Securities dropped 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 report on Wednesday, November 26th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.07.

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.