Retirement Systems of Alabama Increases Holdings in Nutanix $NTNX

Key Points

• Retirement Systems of Alabama boosted its stake in Nutanix by 123.7% in Q4 to 725,133 shares (0.27% ownership), and institutional investors now hold about 85.25% of the company.
• Nutanix beat quarterly expectations with EPS of $0.56 versus $0.44 and revenue of $722.8M (up 10.4% YoY), while reporting a net margin of 9.95% and a negative ROE of 37.41%.
• Analyst sentiment is mixed: MarketBeat shows a consensus of "Moderate Buy" with an average price target of $62.43, but firms including Morgan Stanley, Barclays and Wall Street Zen have recently cut targets or downgraded the stock.

Retirement Systems of Alabama increased its stake in Nutanix (NASDAQ:NTNX - Free Report) by 123.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 725,133 shares of the technology company's stock after buying an additional 401,012 shares during the quarter. Retirement Systems of Alabama owned 0.27% of Nutanix worth $37,482,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC raised its position in Nutanix by 0.4% in the third quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company's stock worth $3,236,000 after acquiring an additional 161 shares during the period. OFI Invest Asset Management boosted its stake in Nutanix by 14.9% in the third quarter. OFI Invest Asset Management now owns 1,696 shares of the technology company's stock valued at $126,000 after acquiring an additional 220 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Nutanix by 18.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,453 shares of the technology company's stock valued at $111,000 after acquiring an additional 224 shares during the period. CWC Advisors LLC. grew its position in shares of Nutanix by 4.3% during the 3rd quarter. CWC Advisors LLC. now owns 5,636 shares of the technology company's stock valued at $419,000 after acquiring an additional 234 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Nutanix by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company's stock worth $94,000 after purchasing an additional 291 shares during the last quarter. Institutional investors own 85.25% of the company's stock.

Nutanix Trading Up 0.2%

Nutanix stock opened at $38.01 on Wednesday. The firm has a 50 day simple moving average of $40.09 and a 200 day simple moving average of $53.81. Nutanix has a 1-year low of $35.39 and a 1-year high of $83.36. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 41.32, a P/E/G ratio of 4.06 and a beta of 0.49.

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

Analyst Ratings Changes

A number of research firms recently commented on NTNX. Wall Street Zen cut shares of Nutanix from a "buy" rating to a "hold" rating in a report on Tuesday, March 10th. Morgan Stanley decreased their target price on Nutanix from $62.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 24th. Royal Bank Of Canada set a $55.00 target price on Nutanix in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nutanix in a research report on Friday. Finally, Barclays cut their price target on Nutanix from $53.00 to $47.00 and set an "equal weight" rating for the company in a research note on Thursday, February 26th. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Nutanix presently has a consensus rating of "Moderate Buy" and an average price target of $62.43.

About Nutanix

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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