Empowered Funds LLC raised its position in Nutanix (NASDAQ:NTNX - Free Report) by 361.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,537 shares of the technology company's stock after purchasing an additional 41,940 shares during the quarter. Empowered Funds LLC's holdings in Nutanix were worth $2,035,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of NTNX. AQR Capital Management LLC lifted its stake in Nutanix by 72.8% in the 4th quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company's stock valued at $591,991,000 after acquiring an additional 4,826,443 shares in the last quarter. Norges Bank bought a new stake in shares of Nutanix in the fourth quarter worth $187,169,000. FIL Ltd increased its stake in Nutanix by 180.1% in the 4th quarter. FIL Ltd now owns 4,333,937 shares of the technology company's stock valued at $224,021,000 after buying an additional 2,786,929 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in Nutanix by 926.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,687,387 shares of the technology company's stock worth $138,911,000 after buying an additional 2,425,665 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Nutanix by 592.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,601,351 shares of the technology company's stock valued at $82,774,000 after acquiring an additional 1,370,047 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on NTNX. UBS Group upped their price objective on Nutanix from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. KeyCorp reaffirmed an "overweight" rating on shares of Nutanix in a research report on Thursday, May 28th. Wall Street Zen raised shares of Nutanix from a "hold" rating to a "buy" rating in a research report on Saturday, July 4th. JPMorgan Chase & Co. upped their target price on shares of Nutanix from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nutanix in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Nutanix currently has a consensus rating of "Moderate Buy" and an average target price of $60.00.
Check Out Our Latest Analysis on Nutanix
Nutanix Trading Down 1.4%
Nutanix stock opened at $60.12 on Friday. Nutanix has a 12 month low of $34.01 and a 12 month high of $82.42. The stock has a 50-day moving average price of $53.25 and a two-hundred day moving average price of $45.44. The company has a market capitalization of $16.25 billion, a PE ratio of 63.28, a P/E/G ratio of 4.04 and a beta of 0.60.
Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The business had revenue of $703.07 million for the quarter, compared to analysts' expectations of $686.34 million. During the same period in the prior year, the business posted $0.22 earnings per share. The firm's revenue was up 10.0% on a year-over-year basis. As a group, analysts predict that Nutanix will post 0.71 earnings per share for the current fiscal year.
About Nutanix
(
Free Report)
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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