Nutanix $NTNX Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its holdings in shares of Nutanix (NASDAQ:NTNX) by 76.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,414 shares of the technology company’s stock after selling 97,596 shares during the quarter. Allianz Asset Management GmbH’s holdings in Nutanix were worth $2,262,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NTNX shares. Wells Fargo & Company decreased their target price on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research report on Monday, December 29th. Barclays reaffirmed an “equal weight” rating and issued a $53.00 price objective (down previously from $64.00) on shares of Nutanix in a research note on Thursday, January 15th. Northland Securities cut their target price on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, November 26th. Finally, Needham & Company LLC decreased their price target on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.13.

Nutanix Stock Performance

NTNX stock opened at $41.13 on Friday. The firm has a 50 day simple moving average of $47.01 and a 200 day simple moving average of $61.30. Nutanix has a 52 week low of $35.39 and a 52 week high of $83.36. The stock has a market cap of $11.12 billion, a P/E ratio of 54.84, a P/E/G ratio of 4.42 and a beta of 0.48.

Nutanix (NASDAQ:NTNX) last released its earnings results 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 net margin of 8.43% and a negative return on equity of 32.95%. The company had revenue of $670.58 million during the quarter, compared to the consensus estimate of $677.23 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. Sell-side analysts predict that Nutanix will post 0.31 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.