Vanguard Group Inc. Increases Stock Position in Nutanix $NTNX

Vanguard Group Inc. lifted its holdings in shares of Nutanix (NASDAQ:NTNX) by 4.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 26,682,475 shares of the technology company’s stock after purchasing an additional 1,167,193 shares during the period. Vanguard Group Inc. owned 0.10% of Nutanix worth $1,984,909,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Nutanix during the second quarter worth $263,938,000. Marshall Wace LLP grew its stake in shares of Nutanix by 75.9% during the 2nd quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock worth $250,655,000 after purchasing an additional 1,415,117 shares during the period. Qube Research & Technologies Ltd increased its holdings in shares of Nutanix by 221.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,614,293 shares of the technology company’s stock valued at $123,397,000 after purchasing an additional 1,112,177 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Nutanix by 30.8% in the 2nd quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock valued at $360,206,000 after purchasing an additional 1,108,261 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Nutanix by 32.7% in the second quarter. Federated Hermes Inc. now owns 3,215,800 shares of the technology company’s stock valued at $245,816,000 after purchasing an additional 791,822 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Up 0.2%

Shares of NASDAQ:NTNX opened at $41.32 on Friday. The company has a market capitalization of $11.17 billion, a P/E ratio of 55.09, a P/E/G ratio of 4.43 and a beta of 0.48. Nutanix has a 52-week low of $35.39 and a 52-week high of $83.36. The stock’s fifty day simple moving average is $46.40 and its 200-day simple moving average is $60.14.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $72.00 target price (down from $88.00) on shares of Nutanix in a report on Wednesday, November 26th. The Goldman Sachs Group dropped their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, February 9th. KeyCorp decreased their target price on Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Oppenheimer initiated coverage on Nutanix in a research report on Monday, November 17th. They issued an “outperform” rating and a $90.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.13.

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.