Rakuten Investment Management Inc. Purchases Shares of 140,681 Nutanix $NTNX

Rakuten Investment Management Inc. bought a new stake in Nutanix (NASDAQ:NTNX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 140,681 shares of the technology company’s stock, valued at approximately $9,784,000.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings 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 during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Nutanix during the second quarter worth approximately $45,000. SJS Investment Consulting Inc. grew its stake in shares of Nutanix by 3,122.7% in the third quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after acquiring an additional 687 shares in the last quarter. Itau Unibanco Holding S.A. grew its position in shares of Nutanix by 33.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock worth $57,000 after purchasing an additional 186 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of 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 acquiring an additional 609 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NTNX. Morgan Stanley set a $62.00 target price on Nutanix in a research note on Monday, January 12th. Wall Street Zen downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. JPMorgan Chase & Co. dropped their price target on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. The Goldman Sachs Group reduced their price target on shares of Nutanix from $95.00 to $75.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Wells Fargo & Company decreased their price target on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 26th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.07.

Nutanix Trading Down 3.8%

Shares of Nutanix stock opened at $41.57 on Thursday. The business’s 50-day moving average price is $51.72 and its 200-day moving average price is $65.00. The firm has a market capitalization of $11.24 billion, a PE ratio of 55.43, a price-to-earnings-growth ratio of 4.60 and a beta of 0.49. Nutanix has a 12 month low of $41.33 and a 12 month high of $83.36.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $677.23 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. As a group, analysts predict that Nutanix will post 0.31 earnings per share for the current fiscal year.

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.