Bailard Inc. Purchases New Stake in Nutanix $NTNX

Bailard Inc. acquired a new position in shares of Nutanix (NASDAQ:NTNX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 65,284 shares of the technology company’s stock, valued at approximately $4,856,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Nutanix in the 2nd quarter valued at $263,938,000. Marshall Wace LLP boosted its position in shares of Nutanix by 75.9% in the second quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock worth $250,655,000 after buying an additional 1,415,117 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Nutanix by 221.5% in the second quarter. Qube Research & Technologies Ltd now owns 1,614,293 shares of the technology company’s stock valued at $123,397,000 after buying an additional 1,112,177 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Nutanix by 30.8% during the 2nd quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock valued at $360,206,000 after buying an additional 1,108,261 shares during the period. Finally, Federated Hermes Inc. lifted its position in Nutanix by 32.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,215,800 shares of the technology company’s stock worth $245,816,000 after acquiring an additional 791,822 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

NTNX opened at $41.57 on Thursday. Nutanix has a 12-month low of $41.33 and a 12-month high of $83.36. The stock has a market capitalization of $11.24 billion, a PE ratio of 55.43, a P/E/G ratio of 4.60 and a beta of 0.49. The firm’s fifty day moving average price is $51.72 and its 200 day moving average price is $65.00.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Zacks Research downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research note on Monday, December 29th. Royal Bank Of Canada dropped their price target on shares of Nutanix from $74.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Wall Street Zen lowered shares of Nutanix from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Needham & Company LLC decreased their price objective on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.07.

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.