Thrivent Financial for Lutherans Increases Stake in Nutanix $NTNX

Thrivent Financial for Lutherans increased its stake in Nutanix (NASDAQ:NTNX) by 674.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,590 shares of the technology company’s stock after purchasing an additional 53,640 shares during the period. Thrivent Financial for Lutherans’ holdings in Nutanix were worth $4,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. SJS Investment Consulting Inc. raised its holdings in shares of Nutanix by 3,122.7% in the third quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock worth $53,000 after buying an additional 687 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in shares of 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. Wilmington Savings Fund Society FSB raised its stake in Nutanix by 135.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after acquiring an additional 609 shares during the last quarter. Manchester Capital Management LLC lifted its position in Nutanix by 14.1% during the 2nd quarter. Manchester Capital Management LLC now owns 1,374 shares of the technology company’s stock worth $105,000 after acquiring an additional 170 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in Nutanix by 18.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,453 shares of the technology company’s stock worth $111,000 after acquiring an additional 224 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

NTNX stock opened at $40.26 on Friday. Nutanix has a one year low of $35.39 and a one year high of $83.36. The firm’s fifty day moving average is $47.45 and its 200 day moving average is $62.13. The firm has a market cap of $10.89 billion, a PE ratio of 53.68, a P/E/G ratio of 4.30 and a beta of 0.48.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NTNX. Needham & Company LLC cut their price objective on Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Royal Bank Of Canada dropped their target price on Nutanix from $74.00 to $65.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Monday, December 29th. Oppenheimer assumed coverage on shares of Nutanix in a research report on Monday, November 17th. They set an “outperform” rating and a $90.00 price target for the company. Finally, Barclays reaffirmed an “equal weight” rating and issued a $53.00 price objective (down from $64.00) on shares of Nutanix in a report on Thursday, January 15th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nutanix 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.