DNB Asset Management AS Purchases 13,548 Shares of Nutanix $NTNX

DNB Asset Management AS increased its position in Nutanix (NASDAQ:NTNX) by 31.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 56,100 shares of the technology company’s stock after buying an additional 13,548 shares during the period. DNB Asset Management AS’s holdings in Nutanix were worth $4,173,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Dynamic Technology Lab Private Ltd boosted its stake in Nutanix by 67.3% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock worth $2,218,000 after purchasing an additional 11,670 shares during the period. Norges Bank bought a new stake in shares of Nutanix during the second quarter valued at approximately $263,938,000. Swiss National Bank lifted its holdings in shares of Nutanix by 6.7% in the second 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 in the last quarter. Prudential Financial Inc. boosted its position in shares of Nutanix by 1,069.5% during the second 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 during the last quarter. Finally, Schroder Investment Management Group grew its stake in Nutanix by 19.1% during the second quarter. Schroder Investment Management Group now owns 1,190,376 shares of the technology company’s stock valued at $90,992,000 after acquiring an additional 191,314 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NTNX. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a research note on Monday, December 29th. Zacks Research downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Morgan Stanley dropped their price target 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. UBS Group raised their price target on Nutanix from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Barclays decreased their price objective on Nutanix from $53.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $62.43.

Nutanix Stock Up 5.3%

Shares of NTNX opened at $40.29 on Tuesday. The company has a market cap of $10.89 billion, a PE ratio of 43.79, a P/E/G ratio of 3.39 and a beta of 0.49. The business has a fifty day moving average of $44.85 and a 200 day moving average of $58.37. Nutanix has a 52-week low of $35.39 and a 52-week high of $83.36.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data 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. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business had revenue of $722.83 million for the quarter, compared to analysts’ expectations of $709.83 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, research analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

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.