Banque Cantonale Vaudoise Purchases 19,807 Shares of Nutanix $NTNX

Banque Cantonale Vaudoise boosted its position in shares of Nutanix (NASDAQ:NTNX) by 9,615.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,013 shares of the technology company’s stock after acquiring an additional 19,807 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Nutanix were worth $1,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vestcor Inc increased its stake in shares of Nutanix by 34.9% during the 3rd quarter. Vestcor Inc now owns 6,673 shares of the technology company’s stock worth $496,000 after purchasing an additional 1,725 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its stake in Nutanix by 18.2% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 28,850 shares of the technology company’s stock valued at $2,146,000 after purchasing an additional 4,442 shares during the last quarter. Vinva Investment Management Ltd grew its holdings in Nutanix by 222.8% during the third quarter. Vinva Investment Management Ltd now owns 353,511 shares of the technology company’s stock worth $27,221,000 after purchasing an additional 244,006 shares during the period. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Nutanix during the third quarter worth approximately $533,000. Finally, Natixis Advisors LLC raised its stake in Nutanix by 27.6% in the third quarter. Natixis Advisors LLC now owns 32,134 shares of the technology company’s stock valued at $2,390,000 after buying an additional 6,947 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 1.0%

NASDAQ NTNX opened at $38.24 on Thursday. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 4.13 and a beta of 0.49. The company has a 50 day moving average of $43.11 and a 200-day moving average of $57.02. Nutanix has a 1-year low of $35.39 and a 1-year high of $83.36.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.12. The firm had revenue of $722.83 million for the quarter, compared to analyst estimates of $709.83 million. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS. On average, equities research analysts forecast that Nutanix will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several research analyst reports. Morgan Stanley reduced their target price on Nutanix from $62.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 24th. Bank of America dropped their price target on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Needham & Company LLC cut their price target on Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Finally, UBS Group increased their price objective on shares of Nutanix from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.43.

About Nutanix

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.