Sentinel Advisory Group LLC Makes New Investment in Nutanix $NTNX

Sentinel Advisory Group LLC purchased a new stake in Nutanix (NASDAQ:NTNX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,875 shares of the technology company’s stock, valued at approximately $413,000.

Other hedge funds also recently modified their holdings of the company. New Millennium Group LLC acquired a new position in Nutanix in the 4th quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Nutanix during the fourth quarter valued at about $39,000. Covestor Ltd grew its holdings in shares of Nutanix by 73.1% during the fourth 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. Harbour Investments Inc. grew its holdings in shares of Nutanix by 159.4% during the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after purchasing an additional 502 shares during the last quarter. Finally, Frazier Financial Advisors LLC increased its stake in shares of Nutanix by 1,063.8% in the first quarter. Frazier Financial Advisors LLC now owns 1,094 shares of the technology company’s stock valued at $42,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on NTNX shares. Barclays lifted their target price on shares of Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. UBS Group upped their price target on shares of Nutanix from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC raised their price target on shares of Nutanix from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. Finally, Royal Bank Of Canada boosted their price objective on shares of Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Price Performance

Nutanix stock opened at $55.04 on Friday. The stock’s 50 day moving average is $50.94 and its 200 day moving average is $44.96. Nutanix has a one year low of $34.01 and a one year high of $82.42. The firm has a market cap of $14.88 billion, a P/E ratio of 57.94, a P/E/G ratio of 4.64 and a beta of 0.61.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. The business had revenue of $703.07 million during the quarter, compared to the consensus estimate of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. Equities analysts anticipate that Nutanix will post 0.71 earnings per share for the current fiscal year.

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.