Cerity Partners LLC Has $11.67 Million Stock Position in Nutanix $NTNX

Cerity Partners LLC raised its holdings in shares of Nutanix (NASDAQ:NTNX) by 88.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,929 shares of the technology company’s stock after purchasing an additional 73,856 shares during the quarter. Cerity Partners LLC owned 0.06% of Nutanix worth $11,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in Nutanix by 40.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,229 shares of the technology company’s stock valued at $86,000 after buying an additional 352 shares during the last quarter. Swedbank AB bought a new stake in Nutanix during the first quarter valued at $1,642,000. Kera Capital Partners Inc. increased its position in shares of Nutanix by 71.3% in the second quarter. Kera Capital Partners Inc. now owns 7,440 shares of the technology company’s stock worth $569,000 after purchasing an additional 3,096 shares during the last quarter. OMNI 360 Wealth Inc. bought a new stake in shares of Nutanix during the 2nd quarter worth $265,000. Finally, Parallel Advisors LLC increased its position in shares of Nutanix by 96.7% during the 2nd quarter. Parallel Advisors LLC now owns 2,606 shares of the technology company’s stock valued at $199,000 after purchasing an additional 1,281 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NTNX shares. Bank of America lowered their price target on shares of Nutanix from $93.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Needham & Company LLC dropped their target price on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Wells Fargo & Company cut their target price on Nutanix from $71.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 26th. Zacks Research lowered Nutanix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.13.

Nutanix Stock Up 0.8%

Shares of NTNX stock opened at $53.51 on Friday. The stock has a market cap of $14.47 billion, a P/E ratio of 71.35, a PEG ratio of 5.69 and a beta of 0.49. The company’s fifty day simple moving average is $55.24 and its two-hundred day simple moving average is $66.55. Nutanix has a 52 week low of $46.12 and a 52 week high of $83.36.

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