Nutanix $NTNX Shares Sold by Renaissance Group LLC

Renaissance Group LLC trimmed its holdings in Nutanix (NASDAQ:NTNX) by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 345,664 shares of the technology company’s stock after selling 96,165 shares during the period. Renaissance Group LLC’s holdings in Nutanix were worth $17,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Crestwood Advisors Group LLC grew its stake in Nutanix by 0.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock valued at $3,236,000 after acquiring an additional 161 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Nutanix by 0.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock worth $4,868,000 after purchasing an additional 260 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Nutanix by 31.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after purchasing an additional 291 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Nutanix by 20.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,859 shares of the technology company’s stock worth $143,000 after purchasing an additional 321 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after purchasing an additional 324 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NTNX stock opened at $49.66 on Thursday. The firm has a market cap of $13.42 billion, a P/E ratio of 52.27, a P/E/G ratio of 4.47 and a beta of 0.62. The firm’s 50 day moving average price is $44.22 and its 200-day moving average price is $44.66. Nutanix has a one year low of $34.01 and a one year high of $82.42.

Nutanix (NASDAQ:NTNX) last posted its 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 firm 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 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, research analysts predict that Nutanix will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NTNX shares. Northland Securities set a $47.00 price target on Nutanix in a report on Thursday, May 28th. KeyCorp reissued an “overweight” rating on shares of Nutanix in a research note on Thursday, May 28th. Royal Bank Of Canada upped their target price on Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Bank of America raised their target price on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.