Vanguard Group Inc. Acquires 832,468 Shares of Nutanix $NTNX

Vanguard Group Inc. grew its holdings in Nutanix (NASDAQ:NTNX) by 3.1% during the fourth quarter, Holdings Channel reports. The firm owned 27,514,943 shares of the technology company’s stock after acquiring an additional 832,468 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Nutanix worth $1,422,247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in Nutanix in the fourth quarter valued at approximately $39,000. SJS Investment Consulting Inc. boosted its holdings 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 worth $53,000 after buying an additional 687 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Nutanix during the 3rd quarter worth approximately $68,000. Wilmington Savings Fund Society FSB grew its position in shares of Nutanix by 135.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after buying an additional 609 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Nutanix by 31.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock valued at $94,000 after acquiring an additional 291 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NTNX. JPMorgan Chase & Co. reissued a “neutral” rating and set a $44.00 target price on shares of Nutanix in a research note on Friday, April 10th. Wells Fargo & Company decreased their price target on shares of Nutanix from $57.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. The Goldman Sachs Group dropped their price objective on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Piper Sandler cut their price objective on shares of Nutanix from $72.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Rosenblatt Securities assumed coverage on Nutanix in a research note on Thursday, April 2nd. They issued a “buy” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.87.

Nutanix Trading Down 2.6%

Shares of NTNX stock opened at $40.89 on Friday. The firm has a fifty day simple moving average of $39.48 and a two-hundred day simple moving average of $48.67. Nutanix has a 12 month low of $34.01 and a 12 month high of $83.36. The firm has a market capitalization of $10.84 billion, a PE ratio of 44.45, a price-to-earnings-growth ratio of 4.69 and a beta of 0.52.

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, beating analysts’ consensus estimates of $0.44 by $0.12. The firm had revenue of $722.83 million for the quarter, compared to analyst estimates of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. On average, equities analysts predict that Nutanix will post 0.56 earnings per share for the current fiscal year.

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.