BI Asset Management Fondsmaeglerselskab A S Lowers Stock Position in Nutanix $NTNX

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in Nutanix (NASDAQ:NTNX) by 52.0% during the first quarter, HoldingsChannel.com reports. The fund owned 11,077 shares of the technology company’s stock after selling 12,018 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Nutanix were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. New Millennium Group LLC acquired a new stake in Nutanix during the 4th quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in Nutanix in the fourth quarter valued at $39,000. Covestor Ltd increased its stake in 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 purchasing an additional 324 shares during the period. Harbour Investments Inc. raised its holdings 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 buying an additional 502 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new stake in shares of Nutanix in the third quarter valued at about $68,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NTNX shares. Bank of America raised their price target on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Barclays upped their price objective on Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Needham & Company LLC increased their price objective on Nutanix from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Morgan Stanley lifted their target price on Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Finally, KeyCorp reissued an “overweight” rating on shares of Nutanix in a report on Thursday, May 28th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Stock Down 1.2%

Shares of NASDAQ:NTNX opened at $46.94 on Friday. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 49.41, a PEG ratio of 4.20 and a beta of 0.62. The firm’s 50-day simple moving average is $46.29 and its 200-day simple moving average is $44.46. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The business had revenue of $364.94 million for the quarter, compared to analyst estimates of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 earnings per share. On average, research analysts forecast that Nutanix will post 0.7 EPS for the current year.

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.