Harel Insurance Investments & Financial Services Ltd. Sells 17,405 Shares of Nutanix $NTNX

Harel Insurance Investments & Financial Services Ltd. lessened its position in Nutanix (NASDAQ:NTNX) by 15.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,499 shares of the technology company’s stock after selling 17,405 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Nutanix were worth $7,020,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Nutanix by 42.6% in the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after buying an additional 150 shares during the period. V Square Quantitative Management LLC bought a new stake in Nutanix during the 2nd quarter worth approximately $45,000. SJS Investment Consulting Inc. increased its position in Nutanix by 3,122.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after acquiring an additional 687 shares during the period. Itau Unibanco Holding S.A. increased its position in Nutanix by 33.0% in 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, Wilmington Savings Fund Society FSB raised its stake in shares of Nutanix by 135.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after acquiring an additional 609 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

NASDAQ NTNX opened at $45.74 on Friday. The stock has a market capitalization of $12.37 billion, a P/E ratio of 60.99, a P/E/G ratio of 4.86 and a beta of 0.49. The business has a 50 day simple moving average of $53.28 and a 200 day simple moving average of $65.68. Nutanix has a one year low of $45.70 and a one year high of $83.36.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on NTNX. Wall Street Zen cut shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Saturday. Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a research note on Monday, December 29th. JPMorgan Chase & Co. cut their price objective on Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, KeyCorp decreased their target price on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.07.

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.