Azzad Asset Management Inc. ADV Buys 13,789 Shares of Nutanix $NTNX

Azzad Asset Management Inc. ADV raised its stake in shares of Nutanix (NASDAQ:NTNXFree Report) by 39.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,698 shares of the technology company’s stock after acquiring an additional 13,789 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Nutanix were worth $2,517,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Perigon Wealth Management LLC lifted its stake in Nutanix by 14.1% during the 4th quarter. Perigon Wealth Management LLC now owns 4,969 shares of the technology company’s stock valued at $257,000 after acquiring an additional 613 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Nutanix by 4.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 406,229 shares of the technology company’s stock valued at $20,555,000 after buying an additional 18,053 shares during the last quarter. Retirement Systems of Alabama increased its stake in Nutanix by 123.7% in the 4th quarter. Retirement Systems of Alabama now owns 725,133 shares of the technology company’s stock valued at $37,482,000 after buying an additional 401,012 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Nutanix by 1.4% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 95,992 shares of the technology company’s stock valued at $4,962,000 after buying an additional 1,292 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC increased its stake in Nutanix by 5.3% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 45,622 shares of the technology company’s stock valued at $2,358,000 after buying an additional 2,300 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays decreased their price objective on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. 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 note on Thursday, February 26th. Royal Bank Of Canada set a $55.00 price objective on shares of Nutanix in a research note on Wednesday, February 11th. Piper Sandler reduced their price objective on Nutanix from $72.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, Bank of America reduced their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.27.

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Nutanix News Summary

Here are the key news stories impacting Nutanix this week:

Nutanix Stock Down 0.1%

NTNX opened at $39.50 on Wednesday. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 4.40 and a beta of 0.52. Nutanix has a twelve month low of $35.39 and a twelve month high of $83.36. The company’s 50-day moving average price is $39.84 and its two-hundred day moving average price is $52.47.

Nutanix (NASDAQ:NTNXGet Free Report) last released its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. The firm had revenue of $722.83 million for the quarter, compared to analysts’ expectations of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. As a group, sell-side analysts anticipate that Nutanix will post 0.31 earnings per share for the current year.

About Nutanix

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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