Paralel Advisors LLC lifted its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 58.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,770 shares of the technology company's stock after acquiring an additional 22,453 shares during the quarter. Paralel Advisors LLC's holdings in Nutanix were worth $3,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also bought and sold shares of NTNX. CX Institutional increased its holdings in Nutanix by 134.6% in the second quarter. CX Institutional now owns 488 shares of the technology company's stock worth $25,000 after purchasing an additional 280 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Nutanix during the 1st quarter worth approximately $27,000. New Millennium Group LLC bought a new stake in shares of Nutanix in the 4th quarter valued at $28,000. Covestor Ltd increased its stake in shares of Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company's stock valued at $40,000 after acquiring an additional 324 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company's stock valued at $42,000 after acquiring an additional 502 shares during the period. Institutional investors own 85.25% of the company's stock.
Analyst Ratings Changes
NTNX has been the topic of several research analyst reports. Barclays increased their target price on shares of Nutanix from $53.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Friday, August 28th. JPMorgan Chase & Co. increased their price objective on shares of Nutanix from $44.00 to $50.00 and gave the stock a "neutral" rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Nutanix in a research note on Tuesday, August 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nutanix in a research report on Wednesday, June 24th. Finally, Rosenblatt Securities raised their price objective on Nutanix from $60.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, August 25th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Nutanix presently has an average rating of "Moderate Buy" and a consensus price target of $72.71.
Get Our Latest Analysis on NTNX
Nutanix Price Performance
NTNX stock opened at $68.06 on Monday. The firm has a market capitalization of $18.40 billion, a PE ratio of 13.19, a P/E/G ratio of 3.86 and a beta of 0.62. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.92. Nutanix has a twelve month low of $34.01 and a twelve month high of $82.42. The stock's 50 day moving average is $60.15 and its 200-day moving average is $49.18.
Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.11. The business had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%.Nutanix's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. Sell-side analysts expect that Nutanix will post 1.02 EPS 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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