Janus Henderson Group PLC Has $4.48 Million Stock Position in Nutanix $NTNX

Key Points

• Janus Henderson Group increased its Nutanix position by 491.5% in the first quarter, holding 117,800 shares valued at approximately $4.48 million. Institutional investors collectively own 85.25% of Nutanix’s stock.
• Analyst sentiment is positive, with a consensus rating of “Moderate Buy” and an average price target of $60.00; several firms recently upgraded their ratings or raised price targets.
• Nutanix reported quarterly earnings of $0.47 per share, beating estimates of $0.35, while revenue rose 10% year over year to $703.07 million. Shares opened at $60.12, compared with a 52-week range of $34.01 to $82.42.

Janus Henderson Group PLC raised its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 491.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,800 shares of the technology company's stock after purchasing an additional 97,884 shares during the quarter. Janus Henderson Group PLC's holdings in Nutanix were worth $4,477,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CW Advisors LLC bought a new position in Nutanix in the second quarter valued at about $273,000. Cerity Partners LLC boosted its stake in shares of Nutanix by 15.2% in the 2nd quarter. Cerity Partners LLC now owns 83,073 shares of the technology company's stock valued at $6,350,000 after purchasing an additional 10,967 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of Nutanix by 296.5% in the 2nd quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company's stock valued at $3,181,000 after purchasing an additional 31,119 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Nutanix by 94.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company's stock valued at $3,690,000 after purchasing an additional 23,479 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Nutanix by 164.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company's stock worth $659,000 after purchasing an additional 5,361 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

NTNX has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Nutanix from a "hold" rating to a "buy" rating in a research report on Saturday, July 4th. Zacks Research upgraded shares of Nutanix from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Morgan Stanley increased their price target on Nutanix from $53.00 to $55.00 and gave the company an "equal weight" rating in a research note on Thursday, May 28th. Northland Securities set a $47.00 price objective on Nutanix in a research report on Thursday, May 28th. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Nutanix in a report on Thursday, May 28th. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $60.12 on Friday. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The firm has a market cap of $16.25 billion, a PE ratio of 63.28, a price-to-earnings-growth ratio of 4.04 and a beta of 0.60. The firm's fifty day moving average is $53.25 and its 200-day moving average is $45.44.

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 analysts' consensus estimates of $0.35 by $0.12. The business had revenue of $703.07 million during the quarter, compared to the consensus estimate of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.Nutanix's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. Sell-side analysts forecast that Nutanix will post 0.71 EPS for the current year.

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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