Xponance Inc. Acquires 18,222 Shares of Nutanix $NTNX

Xponance Inc. increased its holdings in Nutanix (NASDAQ:NTNX) by 52.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 52,966 shares of the technology company’s stock after buying an additional 18,222 shares during the quarter. Xponance Inc.’s holdings in Nutanix were worth $3,940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NTNX. DNB Asset Management AS grew its stake in shares of Nutanix by 31.8% in the third quarter. DNB Asset Management AS now owns 56,100 shares of the technology company’s stock worth $4,173,000 after acquiring an additional 13,548 shares during the period. Choreo LLC boosted its holdings in Nutanix by 43.4% in the third quarter. Choreo LLC now owns 9,921 shares of the technology company’s stock worth $738,000 after purchasing an additional 3,003 shares during the last quarter. OV Management LLC raised its stake in Nutanix by 19.9% during the 3rd quarter. OV Management LLC now owns 7,438 shares of the technology company’s stock valued at $553,000 after buying an additional 1,232 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Nutanix by 10.8% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 236,819 shares of the technology company’s stock valued at $17,617,000 after buying an additional 23,159 shares during the period. Finally, Intech Investment Management LLC boosted its stake in shares of Nutanix by 467.9% in the 3rd quarter. Intech Investment Management LLC now owns 104,898 shares of the technology company’s stock worth $7,803,000 after buying an additional 86,427 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Down 4.2%

NASDAQ:NTNX opened at $38.28 on Monday. The business’s 50-day simple moving average is $45.10 and its two-hundred day simple moving average is $58.57. Nutanix has a 52 week low of $35.39 and a 52 week high of $83.36. The stock has a market cap of $10.35 billion, a PE ratio of 41.61, a P/E/G ratio of 3.39 and a beta of 0.48.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $709.83 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Sell-side analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NTNX has been the subject of a number of research reports. Northland Securities reduced their price objective on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research report on Wednesday, November 26th. 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. The Goldman Sachs Group lowered their price objective on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Wells Fargo & Company cut their target price on shares of Nutanix from $57.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Wall Street Zen raised shares of Nutanix from a “hold” rating to a “buy” rating in a report on Monday. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.43.

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.