Nutanix $NTNX Position Boosted by Nordea Investment Management AB

Nordea Investment Management AB boosted its position in Nutanix (NASDAQ:NTNX) by 22.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,517,888 shares of the technology company’s stock after buying an additional 653,042 shares during the quarter. Nordea Investment Management AB owned approximately 1.30% of Nutanix worth $181,734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTNX. SJS Investment Consulting Inc. lifted its holdings in 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 buying an additional 687 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Nutanix in the 3rd quarter valued at approximately $68,000. Wilmington Savings Fund Society FSB raised its position in shares of Nutanix by 135.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after acquiring an additional 609 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Nutanix by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock valued at $94,000 after acquiring an additional 291 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its stake in Nutanix by 14.1% during the second quarter. Manchester Capital Management LLC now owns 1,374 shares of the technology company’s stock worth $105,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on NTNX shares. Wall Street Zen lowered shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Bank of America reduced their price target on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Northland Securities decreased their price target on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, November 26th. Zacks Research downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Wells Fargo & Company dropped their price objective on shares of Nutanix from $57.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Eleven equities 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.com, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.43.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $39.48 on Monday. Nutanix has a 1-year low of $35.39 and a 1-year high of $83.36. The business’s fifty day moving average price is $41.47 and its two-hundred day moving average price is $55.60. The firm has a market capitalization of $10.47 billion, a PE ratio of 42.91, a P/E/G ratio of 4.22 and a beta of 0.49.

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