Nutanix $NTNX Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its holdings in Nutanix (NASDAQ:NTNX) by 39.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 376,665 shares of the technology company’s stock after buying an additional 106,665 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.14% of Nutanix worth $28,013,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NTNX. Vanguard Group Inc. increased its stake in shares of Nutanix by 4.6% in the third quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company’s stock worth $1,984,909,000 after acquiring an additional 1,167,193 shares during the period. Northwestern Mutual Investment Management Company LLC acquired a new stake in Nutanix during the 3rd quarter worth about $4,445,000. State of New Jersey Common Pension Fund D raised its stake in shares of Nutanix by 4.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 88,826 shares of the technology company’s stock valued at $6,608,000 after buying an additional 3,788 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Nutanix by 54.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 11,722 shares of the technology company’s stock valued at $872,000 after buying an additional 4,116 shares during the period. Finally, Shell Asset Management Co. lifted its holdings in shares of Nutanix by 25.3% in the 3rd quarter. Shell Asset Management Co. now owns 4,059 shares of the technology company’s stock valued at $302,000 after buying an additional 819 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $40.95 on Wednesday. The business’s 50 day moving average price is $46.66 and its 200-day moving average price is $60.41. Nutanix has a 1 year low of $35.39 and a 1 year high of $83.36. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 54.60, a price-to-earnings-growth ratio of 4.49 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 EPS for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $670.58 million during the quarter, compared to analyst estimates of $677.23 million. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, sell-side analysts expect that Nutanix will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on NTNX. JPMorgan Chase & Co. dropped their target price on Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Barclays reaffirmed an “equal weight” rating and set a $53.00 target price (down from $64.00) on shares of Nutanix in a report on Thursday, January 15th. Needham & Company LLC lowered their price target on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. UBS Group set a $57.00 price target on shares of Nutanix in a research report on Monday, February 9th. Finally, Wells Fargo & Company cut their price objective on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating for the company in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.13.

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.