Caprock Group LLC Invests $1.76 Million in Nutanix $NTNX

Caprock Group LLC purchased a new stake in Nutanix (NASDAQ:NTNX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,659 shares of the technology company’s stock, valued at approximately $1,760,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SJS Investment Consulting Inc. boosted its position in shares of Nutanix by 3,122.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock worth $53,000 after purchasing an additional 687 shares in the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Nutanix by 33.0% during the second quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock worth $57,000 after buying an additional 186 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Nutanix by 135.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after buying an additional 609 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Nutanix by 31.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after buying an additional 291 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in Nutanix by 14.1% in the second quarter. Manchester Capital Management LLC now owns 1,374 shares of the technology company’s stock valued at $105,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX opened at $41.76 on Friday. Nutanix has a 1 year low of $35.39 and a 1 year high of $83.36. The company’s 50 day simple moving average is $46.90 and its 200 day simple moving average is $61.07. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 55.68, a PEG ratio of 4.39 and a beta of 0.48.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NTNX. Zacks Research cut Nutanix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Needham & Company LLC lowered their target price on Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Northland Securities dropped their price target on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research report on Wednesday, November 26th. Barclays reiterated an “equal weight” rating and issued a $53.00 price objective (down from $64.00) on shares of Nutanix in a research report on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.13.

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.