Savant Capital LLC Cuts Stock Holdings in Nutanix $NTNX

Savant Capital LLC cut its position in shares of Nutanix (NASDAQ:NTNX) by 37.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 52,149 shares of the technology company’s stock after selling 30,893 shares during the quarter. Savant Capital LLC’s holdings in Nutanix were worth $3,879,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in Nutanix by 16.2% in the third quarter. Envestnet Asset Management Inc. now owns 61,781 shares of the technology company’s stock valued at $4,596,000 after buying an additional 8,611 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Nutanix by 673.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,478 shares of the technology company’s stock valued at $110,000 after acquiring an additional 1,287 shares during the period. Penserra Capital Management LLC increased its stake in shares of Nutanix by 41.7% in the 3rd quarter. Penserra Capital Management LLC now owns 423,607 shares of the technology company’s stock valued at $31,511,000 after purchasing an additional 124,569 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Nutanix by 20.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,859 shares of the technology company’s stock valued at $143,000 after purchasing an additional 321 shares in the last quarter. Finally, State of Wyoming boosted its position in Nutanix by 93.5% during the third quarter. State of Wyoming now owns 7,954 shares of the technology company’s stock worth $592,000 after purchasing an additional 3,844 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX stock opened at $40.26 on Friday. Nutanix has a fifty-two week low of $35.39 and a fifty-two week high of $83.36. The stock’s fifty day moving average is $47.45 and its two-hundred day moving average is $62.21. The firm has a market capitalization of $10.89 billion, a P/E ratio of 53.68, a PEG ratio of 4.10 and a beta of 0.48.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Tuesday, November 25th. The technology company reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $670.58 million during the quarter, compared to analysts’ expectations of $677.23 million. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. On average, equities analysts forecast that Nutanix will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Nutanix from $78.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Barclays reissued an “equal weight” rating and issued a $53.00 price target (down previously from $64.00) on shares of Nutanix in a report on Thursday, January 15th. Needham & Company LLC reduced their price objective on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Zacks Research lowered shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Northland Securities cut their target price on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and a consensus price target of $71.07.

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.