Northwestern Mutual Investment Management Company LLC Invests $4.45 Million in Nutanix $NTNX

Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of Nutanix (NASDAQ:NTNX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,753 shares of the technology company’s stock, valued at approximately $4,445,000.

Other large investors have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd lifted its stake in shares of Nutanix by 67.3% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock worth $2,218,000 after purchasing an additional 11,670 shares during the period. Norges Bank purchased a new stake in Nutanix during the second quarter valued at approximately $263,938,000. Swiss National Bank raised its position in Nutanix by 6.7% in the second quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock worth $58,576,000 after acquiring an additional 48,400 shares during the period. Prudential Financial Inc. raised its position in Nutanix by 1,069.5% in the second quarter. Prudential Financial Inc. now owns 222,472 shares of the technology company’s stock worth $15,560,000 after acquiring an additional 203,449 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Nutanix by 19.1% during the 2nd quarter. Schroder Investment Management Group now owns 1,190,376 shares of the technology company’s stock worth $90,992,000 after acquiring an additional 191,314 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Up 1.5%

NASDAQ:NTNX opened at $41.76 on Monday. The business’s 50-day simple moving average is $46.90 and its two-hundred day simple moving average is $60.86. Nutanix has a 52 week low of $35.39 and a 52 week high of $83.36. The stock has a market cap of $11.29 billion, a PE ratio of 55.68, a P/E/G ratio of 4.49 and a beta of 0.48.

Nutanix (NASDAQ:NTNX) last released its earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The firm had revenue of $670.58 million during the quarter, compared to analysts’ expectations of $677.23 million. During the same quarter last year, the business posted $0.42 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. Sell-side analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. KeyCorp reduced their price objective on Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. The Goldman Sachs Group cut their price target on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a report on Monday, February 9th. Northland Securities decreased their price objective on Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 26th. Barclays reaffirmed an “equal weight” rating and set a $53.00 price objective (down from $64.00) on shares of Nutanix in a research report on Thursday, January 15th. Finally, Oppenheimer initiated coverage on shares of Nutanix in a report on Monday, November 17th. They issued an “outperform” rating and a $90.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.13.

Nutanix Company 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.