Harel Insurance Investments & Financial Services Ltd. Buys 57,629 Shares of Nutanix $NTNX

Key Points

• Harel Insurance raised its stake in Nutanix by 61% in Q4, acquiring 57,629 shares to hold 152,128 shares (about 0.06% of the company) valued at roughly $7.86 million.
• Nutanix beat Q4 expectations with EPS of $0.56 versus $0.44 expected and revenue of $722.8 million, up 10.4% year-over-year.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $60.87, while the stock trades near $43.43 (52-week range $34.01–$83.36).

Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 61.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,128 shares of the technology company's stock after acquiring an additional 57,629 shares during the period. Harel Insurance Investments & Financial Services Ltd. owned about 0.06% of Nutanix worth $7,863,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Highland Capital Management LLC bought a new stake in Nutanix during the fourth quarter worth about $1,775,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Nutanix during the fourth quarter worth about $463,000. Danske Bank A S raised its holdings in Nutanix by 10.7% during the fourth quarter. Danske Bank A S now owns 173,004 shares of the technology company's stock worth $8,943,000 after acquiring an additional 16,700 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Nutanix by 41.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 14,579 shares of the technology company's stock valued at $754,000 after buying an additional 4,276 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Nutanix by 11.0% in the fourth quarter. New York State Teachers Retirement System now owns 225,720 shares of the technology company's stock valued at $11,667,000 after buying an additional 22,340 shares during the period. Institutional investors own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on Nutanix from $57.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 26th. Weiss Ratings restated a "hold (c)" rating on shares of Nutanix in a research note on Friday, March 27th. UBS Group upped their price objective on Nutanix from $57.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. Bank of America dropped their price objective on Nutanix from $75.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Finally, Morgan Stanley decreased their target price on Nutanix from $62.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Nutanix has a consensus rating of "Moderate Buy" and an average price target of $60.87.

Nutanix Stock Performance

Shares of NTNX opened at $43.43 on Wednesday. Nutanix has a 52 week low of $34.01 and a 52 week high of $83.36. The stock has a market capitalization of $11.52 billion, a price-to-earnings ratio of 47.21, a PEG ratio of 4.89 and a beta of 0.54. The stock has a fifty day moving average of $39.55 and a 200-day moving average of $48.22.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The company had revenue of $722.83 million during the quarter, compared to analysts' expectations of $709.83 million. During the same period in the prior year, the company earned $0.47 EPS. Nutanix's revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts forecast that Nutanix will post 0.56 EPS for the current 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.

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