Securian Asset Management Inc. Buys New Position in Nutanix $NTNX

Securian Asset Management Inc. purchased a new position in Nutanix (NASDAQ:NTNX) during the 3rd quarter, Holdings Channel reports. The fund purchased 20,077 shares of the technology company’s stock, valued at approximately $1,494,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC increased its stake in shares of Nutanix by 42.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $38,000 after purchasing an additional 150 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Nutanix in the second quarter worth about $45,000. SJS Investment Consulting Inc. lifted its position in shares of 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 buying an additional 687 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Nutanix by 33.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock valued at $57,000 after acquiring an additional 186 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Nutanix by 40.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,229 shares of the technology company’s stock worth $86,000 after acquiring an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

NTNX has been the subject of a number of recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $72.00 price target (down from $88.00) on shares of Nutanix in a research report on Wednesday, November 26th. Bank of America lowered their target price on shares of Nutanix from $93.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Morgan Stanley cut their price target on Nutanix from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. KeyCorp lowered their price objective on Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Finally, Northland Securities dropped their price objective on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, November 26th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.13.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $53.11 on Friday. The company has a market cap of $14.36 billion, a P/E ratio of 70.81, a P/E/G ratio of 5.66 and a beta of 0.49. Nutanix has a 52-week low of $46.12 and a 52-week high of $83.36. The firm’s fifty day moving average is $55.59 and its two-hundred day moving average is $66.74.

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

Nutanix 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.