Nutanix $NTNX Shares Sold by Annex Advisory Services LLC

Key Points

• Annex Advisory Services LLC trimmed its stake in Nutanix by 98.8% in Q4, selling 645,933 shares and leaving 7,982 shares worth about $413,000.
• Nutanix beat quarterly expectations with EPS of $0.56 (vs. $0.44 est.) and revenue of $722.8M (vs. $709.8M), revenue was up 10.4% YoY; the stock trades near $39.54 and carries a consensus Moderate Buy rating with a $60.87 price target.

Annex Advisory Services LLC trimmed its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 98.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,982 shares of the technology company's stock after selling 645,933 shares during the quarter. Annex Advisory Services LLC's holdings in Nutanix were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

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

Nutanix Stock Up 3.3%

NTNX opened at $39.54 on Friday. The firm has a market capitalization of $10.49 billion, a P/E ratio of 42.98, a PEG ratio of 4.27 and a beta of 0.52. The stock has a fifty day moving average of $39.59 and a 200-day moving average of $50.93. Nutanix has a 12-month low of $34.01 and a 12-month high of $83.36.

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

Wall Street Analyst Weigh In

NTNX has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their price target on shares of Nutanix from $75.00 to $60.00 and set a "buy" rating for the company in a report on Monday, February 9th. Wall Street Zen cut shares of Nutanix from a "buy" rating to a "hold" rating in a research note on Tuesday, March 10th. Piper Sandler cut their target price on shares of Nutanix from $72.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. William Blair restated a "market perform" rating on shares of Nutanix in a report on Monday, March 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $55.00 price target on shares of Nutanix in a research report on Wednesday, April 8th. 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.87.

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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