Burney Co. Decreases Holdings in Nutanix $NTNX

Burney Co. cut its holdings in shares of Nutanix (NASDAQ:NTNX) by 85.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,409 shares of the technology company’s stock after selling 25,244 shares during the quarter. Burney Co.’s holdings in Nutanix were worth $228,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SJS Investment Consulting Inc. increased its stake in shares of 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 purchasing an additional 687 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Nutanix during the 4th quarter worth approximately $39,000. Optiver Holding B.V. purchased a new stake in shares of Nutanix during the 3rd quarter worth approximately $68,000. Wilmington Savings Fund Society FSB increased its stake 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 worth $79,000 after purchasing an additional 609 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake 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 worth $94,000 after purchasing an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

NTNX opened at $38.26 on Thursday. The company has a fifty day moving average price of $39.57 and a 200-day moving average price of $51.01. The firm has a market capitalization of $10.15 billion, a P/E ratio of 41.59, a price-to-earnings-growth ratio of 4.12 and a beta of 0.52. Nutanix has a one year low of $34.01 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX) last released its quarterly 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. The firm had revenue of $722.83 million during the quarter, compared to analyst estimates of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. On average, analysts expect that Nutanix will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on NTNX. Needham & Company LLC decreased their price target on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Barclays decreased their price objective on Nutanix from $53.00 to $47.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. UBS Group lifted their price objective on Nutanix from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Bank of America decreased their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.87.

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.