American Century Companies Inc. Sells 353,320 Shares of Nutanix $NTNX

Key Points

• American Century Companies cut its Nutanix stake by 50.2% in the 3rd quarter, selling 353,320 shares and leaving 350,133 shares worth about $26.0 million.
• Large institutions still hold sizable positions — Vanguard owns 26.68 million shares (~$1.98 billion) and Norges Bank opened a ~ $263.9 million position — with institutional ownership at about 85.25%.
• Nutanix recently beat estimates (EPS $0.56 vs. $0.44; revenue $722.8M vs. $709.8M) and carries a consensus analyst rating of "Moderate Buy" with a $62.43 average price target while trading around $39.83.

American Century Companies Inc. lowered its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 50.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 350,133 shares of the technology company's stock after selling 353,320 shares during the period. American Century Companies Inc. owned approximately 0.13% of Nutanix worth $26,046,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Norges Bank acquired a new position in Nutanix in the second quarter valued at approximately $263,938,000. Marshall Wace LLP grew its position 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 buying an additional 1,415,117 shares during the period. Vanguard Group Inc. increased its stake in shares of Nutanix by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company's stock valued at $1,984,909,000 after acquiring an additional 1,167,193 shares in the last quarter. Qube Research & Technologies Ltd increased its stake 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 acquiring an additional 1,112,177 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Nutanix by 30.8% during 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 acquiring an additional 1,108,261 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Nutanix Trading Down 1.4%

Shares of Nutanix stock opened at $39.83 on Monday. The company has a market capitalization of $10.77 billion, a P/E ratio of 43.29, a price-to-earnings-growth ratio of 3.53 and a beta of 0.49. The stock has a fifty day simple moving average of $43.90 and a 200 day simple moving average of $57.56. Nutanix has a 12-month low of $35.39 and a 12-month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.12. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The firm had revenue of $722.83 million during the quarter, compared to analyst estimates of $709.83 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business's revenue was up 10.4% compared to the same quarter last year. On average, analysts predict that Nutanix will post 0.31 EPS for the current year.

Analyst Ratings Changes

NTNX has been the subject of a number of research reports. UBS Group raised their price target on shares of Nutanix from $57.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Royal Bank Of Canada set a $55.00 price objective on shares of Nutanix in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nutanix in a research note on Monday, December 29th. KeyCorp cut their price target on Nutanix from $95.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, November 26th. Finally, Piper Sandler reduced their price objective on Nutanix from $72.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $62.43.

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.

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