Focus Partners Advisor Solutions LLC Boosts Stake in Nutanix $NTNX

Focus Partners Advisor Solutions LLC increased its holdings in shares of Nutanix (NASDAQ:NTNX) by 80.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,665 shares of the technology company’s stock after acquiring an additional 18,570 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Nutanix were worth $3,033,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its position in Nutanix by 6.4% during the second quarter. SBI Securities Co. Ltd. now owns 2,453 shares of the technology company’s stock worth $188,000 after purchasing an additional 148 shares in the last quarter. Simmons Bank raised its stake in shares of Nutanix by 2.1% during the 2nd quarter. Simmons Bank now owns 7,295 shares of the technology company’s stock worth $558,000 after buying an additional 150 shares during the period. Crestwood Advisors Group LLC lifted its position in shares of Nutanix by 0.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock valued at $3,236,000 after buying an additional 161 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Nutanix by 14.1% during the 2nd 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. Finally, Itau Unibanco Holding S.A. grew its stake in 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. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. KeyCorp reduced their price objective on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Piper Sandler reduced their price target on shares of Nutanix from $72.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Northland Securities lowered their price objective on Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a report on Wednesday, November 26th. Zacks Research lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research report on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned 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 target price of $62.43.

Nutanix Stock Performance

Shares of NTNX stock opened at $40.32 on Thursday. The firm has a market cap of $10.90 billion, a P/E ratio of 43.83, a P/E/G ratio of 3.61 and a beta of 0.49. The firm’s 50 day moving average price is $44.39 and its 200-day moving average price is $58.05. Nutanix has a one year low of $35.39 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The company had revenue of $722.83 million for the quarter, compared to analyst estimates of $709.83 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts predict that Nutanix will post 0.31 EPS for the current fiscal 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.