Rheos Capital Works Inc. Has $24.29 Million Stock Holdings in Nutanix $NTNX

Rheos Capital Works Inc. cut its position in Nutanix (NASDAQ:NTNX) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,000 shares of the technology company’s stock after selling 70,000 shares during the period. Nutanix accounts for approximately 1.6% of Rheos Capital Works Inc.’s investment portfolio, making the stock its 20th biggest holding. Rheos Capital Works Inc. owned about 0.17% of Nutanix worth $24,294,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its stake in Nutanix by 3,122.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after purchasing an additional 687 shares during the last quarter. Optiver Holding B.V. acquired a new position in Nutanix during the 3rd quarter valued at about $68,000. Wilmington Savings Fund Society FSB boosted its stake in Nutanix by 135.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after purchasing an additional 609 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Nutanix by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock valued at $94,000 after purchasing an additional 291 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in 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 purchasing an additional 1,287 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Down 3.8%

Shares of NASDAQ NTNX opened at $39.52 on Tuesday. Nutanix has a twelve month low of $35.39 and a twelve month high of $83.36. The stock’s 50 day moving average price is $39.87 and its 200-day moving average price is $52.74. The company has a market capitalization of $10.48 billion, a PE ratio of 42.96, a PEG ratio of 4.40 and a beta of 0.52.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 previous year, the business earned $0.47 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. As a group, research analysts expect that Nutanix will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. 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. UBS Group lifted their price target on Nutanix from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Morgan Stanley cut their price target on Nutanix from $62.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 24th. Wells Fargo & Company cut their price target on Nutanix from $57.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Finally, Bank of America cut their price target on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.27.

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.