Nutanix (NASDAQ:NTNX) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Nutanix (NASDAQ:NTNX) from a buy rating to a hold rating in a report published on Sunday.

A number of other research analysts have also recently weighed in on NTNX. Zacks Research cut shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Needham & Company LLC cut their price objective on Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. KeyCorp reduced their price objective on Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Morgan Stanley set a $62.00 target price on Nutanix in a research note on Monday, January 12th. Finally, The Goldman Sachs Group cut their price target on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.73.

Nutanix Trading Up 1.3%

NTNX stock opened at $37.86 on Friday. The business’s fifty day moving average price is $45.83 and its 200 day moving average price is $59.22. Nutanix has a 12-month low of $35.39 and a 12-month high of $83.36. The company has a market capitalization of $10.24 billion, a PE ratio of 50.48, a P/E/G ratio of 4.06 and a beta of 0.48.

Nutanix (NASDAQ:NTNX) last released its earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $670.58 million during the quarter, compared to the consensus estimate of $677.23 million. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.Nutanix’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. Research analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC lifted its position in shares of Nutanix by 72.8% during the 4th quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock worth $591,991,000 after buying an additional 4,826,443 shares during the last quarter. Norges Bank acquired a new stake in Nutanix during the 4th quarter worth $187,169,000. FIL Ltd lifted its position in Nutanix by 180.1% in the fourth quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock valued at $224,021,000 after acquiring an additional 2,786,929 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in Nutanix by 926.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,687,387 shares of the technology company’s stock valued at $138,911,000 after acquiring an additional 2,425,665 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Nutanix by 75.9% during the second quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock worth $250,655,000 after purchasing an additional 1,415,117 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

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.