Y Intercept Hong Kong Ltd Purchases Shares of 116,467 Nutanix $NTNX

Y Intercept Hong Kong Ltd purchased a new stake in Nutanix (NASDAQ:NTNX) during the first quarter, HoldingsChannel.com reports. The fund purchased 116,467 shares of the technology company’s stock, valued at approximately $4,427,000.

Other institutional investors and hedge funds have also modified their holdings of the company. New Millennium Group LLC bought a new stake in Nutanix during the fourth quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in shares of Nutanix during the fourth quarter worth approximately $39,000. Covestor Ltd boosted its position in shares of Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. Harbour Investments Inc. boosted its position in shares of Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after acquiring an additional 502 shares during the period. Finally, GW&K Investment Management LLC grew its stake in shares of Nutanix by 78.7% in the fourth quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock worth $51,000 after acquiring an additional 432 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

NTNX stock opened at $51.28 on Monday. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42. The firm has a market cap of $13.86 billion, a P/E ratio of 53.98, a P/E/G ratio of 4.52 and a beta of 0.61. The business’s 50 day moving average is $47.58 and its 200-day moving average is $44.60.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.35 by $0.12. The business had revenue of $364.94 million during the quarter, compared to the consensus estimate of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.Nutanix’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. Sell-side analysts forecast that Nutanix will post 0.71 EPS for the current year.

Wall Street Analyst Weigh In

NTNX has been the topic of a number of research reports. Northland Securities set a $47.00 target price on shares of Nutanix in a research report on Thursday, May 28th. Piper Sandler restated an “overweight” rating on shares of Nutanix in a research report on Wednesday, June 24th. Rosenblatt Securities restated a “buy” rating and set a $60.00 price objective on shares of Nutanix in a report on Friday, May 29th. Wells Fargo & Company upped their price objective on shares of Nutanix from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, KeyCorp reiterated an “overweight” rating on shares of Nutanix in a research note on Thursday, May 28th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

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.