Dimensional Fund Advisors LP Has $60.42 Million Stake in Nutanix $NTNX

Key Points

• Dimensional Fund Advisors increased its Nutanix stake by 26.4% in the first quarter, adding 331,700 shares to own 1.59 million shares valued at approximately $60.4 million. Institutional investors collectively own 85.25% of Nutanix.
• Nutanix reported quarterly earnings of $0.47 per share, exceeding the $0.35 consensus estimate, while revenue rose 10% year over year to $703.1 million.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $60.00.

Dimensional Fund Advisors LP increased its position in Nutanix (NASDAQ:NTNX - Free Report) by 26.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,589,508 shares of the technology company's stock after purchasing an additional 331,700 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.60% of Nutanix worth $60,416,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NTNX. New Millennium Group LLC acquired a new stake in shares of Nutanix during the 4th quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in Nutanix in the fourth quarter worth about $39,000. Covestor Ltd lifted its stake in 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 period. Harbour Investments Inc. grew its stake in shares of Nutanix by 159.4% in the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company's stock valued at $42,000 after purchasing an additional 502 shares during the period. Finally, GW&K Investment Management LLC grew its stake in shares of Nutanix by 78.7% in the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company's stock valued at $51,000 after purchasing an additional 432 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Stock Down 0.4%

Shares of NASDAQ NTNX opened at $59.01 on Friday. Nutanix has a 12-month low of $34.01 and a 12-month high of $82.42. The firm's 50-day simple moving average is $52.16 and its 200 day simple moving average is $45.18. The company has a market cap of $15.95 billion, a price-to-earnings ratio of 62.12, a price-to-earnings-growth ratio of 5.20 and a beta of 0.61.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data 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 $703.07 million during the quarter, compared to analysts' expectations of $686.34 million. During the same quarter last year, the company posted $0.22 EPS. The company's quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities analysts expect that Nutanix will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group raised their target price on Nutanix from $60.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Needham & Company LLC lifted their price objective on Nutanix from $55.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Northland Securities set a $47.00 target price on shares of Nutanix in a research note on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on shares of Nutanix from $44.00 to $50.00 and gave the stock a "neutral" rating in a report on Thursday, May 28th. Finally, Royal Bank Of Canada lifted their price target on shares of Nutanix from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.

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