BW Gestao de Investimentos Ltda. Has $41.41 Million Holdings in Nutanix $NTNX

BW Gestao de Investimentos Ltda. trimmed its holdings in shares of Nutanix (NASDAQ:NTNX) by 27.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,654 shares of the technology company’s stock after selling 211,902 shares during the period. Nutanix comprises about 1.8% of BW Gestao de Investimentos Ltda.’s portfolio, making the stock its 7th largest position. BW Gestao de Investimentos Ltda. owned approximately 0.21% of Nutanix worth $41,409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dynamic Technology Lab Private Ltd lifted its position in shares of Nutanix by 67.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock valued at $2,218,000 after buying an additional 11,670 shares during the last quarter. Norges Bank bought a new stake in shares of Nutanix in the 2nd quarter valued at about $263,938,000. Swiss National Bank grew its position in shares of Nutanix by 6.7% in the 2nd quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock worth $58,576,000 after buying an additional 48,400 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Nutanix by 1,069.5% during the 2nd quarter. Prudential Financial Inc. now owns 222,472 shares of the technology company’s stock worth $15,560,000 after acquiring an additional 203,449 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Nutanix by 19.1% during the 2nd quarter. Schroder Investment Management Group now owns 1,190,376 shares of the technology company’s stock worth $90,992,000 after acquiring an additional 191,314 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America decreased their target price on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Needham & Company LLC reduced their price target on Nutanix from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Northland Securities decreased their price objective on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, November 26th. Wall Street Zen cut Nutanix from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Wells Fargo & Company lowered their price objective on Nutanix from $57.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.43.

Nutanix Stock Down 0.3%

Shares of NASDAQ:NTNX opened at $39.73 on Tuesday. Nutanix has a 52-week low of $35.39 and a 52-week high of $83.36. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 43.19, a PEG ratio of 3.53 and a beta of 0.49. The business has a 50-day moving average price of $43.65 and a 200-day moving average price of $57.37.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.56 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 firm had revenue of $722.83 million for the quarter, compared to analyst estimates of $709.83 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Nutanix’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

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.