Nutanix $NTNX Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC cut its holdings in Nutanix (NASDAQ:NTNX) by 10.3% in the third quarter, Holdings Channel reports. The institutional investor owned 173,109 shares of the technology company’s stock after selling 19,940 shares during the quarter. Granahan Investment Management LLC’s holdings in Nutanix were worth $12,878,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NTNX. Dynamic Technology Lab Private Ltd increased its holdings in Nutanix by 67.3% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock worth $2,218,000 after acquiring an additional 11,670 shares in the last quarter. Norges Bank purchased a new position in Nutanix during the second quarter valued at $263,938,000. Swiss National Bank grew its position in shares of Nutanix by 6.7% in the second quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock valued at $58,576,000 after purchasing an additional 48,400 shares during the period. Prudential Financial Inc. grew its position in shares of Nutanix by 1,069.5% in the second quarter. Prudential Financial Inc. now owns 222,472 shares of the technology company’s stock valued at $15,560,000 after purchasing an additional 203,449 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of Nutanix by 19.1% during the second quarter. Schroder Investment Management Group now owns 1,190,376 shares of the technology company’s stock worth $90,992,000 after purchasing an additional 191,314 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Trading Up 0.4%

NASDAQ:NTNX opened at $39.29 on Monday. The company has a market cap of $10.62 billion, a P/E ratio of 42.71, a P/E/G ratio of 4.20 and a beta of 0.49. Nutanix has a twelve month low of $35.39 and a twelve month high of $83.36. The company’s 50-day moving average price is $42.64 and its 200-day moving average price is $56.53.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.12. The company had revenue of $722.83 million during the quarter, compared to analysts’ expectations of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. Nutanix’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 EPS. On average, analysts expect that Nutanix will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group cut their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Royal Bank Of Canada set a $55.00 target price on Nutanix in a report on Wednesday, February 11th. Oppenheimer began coverage on Nutanix in a research report on Monday, November 17th. They issued an “outperform” rating and a $90.00 target price on the stock. Finally, UBS Group lifted their price target on Nutanix from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.