Nutanix $NTNX Holdings Lifted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its position in shares of Nutanix (NASDAQ:NTNX) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,514 shares of the technology company’s stock after acquiring an additional 11,367 shares during the period. Illinois Municipal Retirement Fund’s holdings in Nutanix were worth $3,973,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of NTNX. CW Advisors LLC bought a new position in shares of Nutanix during the 2nd quarter valued at about $273,000. Cerity Partners LLC raised its holdings in shares of Nutanix by 15.2% in the 2nd quarter. Cerity Partners LLC now owns 83,073 shares of the technology company’s stock worth $6,350,000 after purchasing an additional 10,967 shares in the last quarter. Bank of Nova Scotia raised its holdings 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 worth $3,181,000 after purchasing an additional 31,119 shares in 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 valued at $3,690,000 after purchasing an additional 23,479 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Nutanix by 164.4% during the second 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. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

NTNX stock opened at $55.08 on Friday. The firm has a market capitalization of $14.89 billion, a P/E ratio of 57.98, a P/E/G ratio of 4.85 and a beta of 0.61. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42. The company’s 50 day simple moving average is $50.05 and its 200-day simple moving average is $44.87.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The firm had revenue of $364.94 million during the quarter, compared to analyst estimates of $686.34 million. During the same quarter last year, the business posted $0.22 EPS. The company’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts predict that Nutanix will post 0.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on NTNX shares. JPMorgan Chase & Co. lifted their price target on shares of Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Needham & Company LLC increased their price objective on Nutanix from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Morgan Stanley raised their price objective on Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Piper Sandler restated an “overweight” rating on shares of Nutanix in a report on Wednesday, June 24th. Finally, William Blair reaffirmed a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

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.