AustralianSuper Pty Ltd Boosts Holdings in Nutanix $NTNX

AustralianSuper Pty Ltd grew its stake in Nutanix (NASDAQ:NTNX) by 66.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 433,807 shares of the technology company’s stock after purchasing an additional 173,025 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.16% of Nutanix worth $32,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. SJS Investment Consulting Inc. lifted its stake in Nutanix by 3,122.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after buying an additional 687 shares in the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Nutanix by 33.0% during the second quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock valued at $57,000 after acquiring an additional 186 shares during the last quarter. Optiver Holding B.V. purchased a new position in shares of Nutanix in the third quarter valued at approximately $68,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Nutanix by 135.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after acquiring an additional 609 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Nutanix by 31.2% during the third 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 in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NTNX. 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. Morgan Stanley decreased their price target on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 24th. Needham & Company LLC dropped their price objective 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. Piper Sandler decreased their target price on shares of Nutanix from $72.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Finally, Wall Street Zen upgraded Nutanix from a “hold” rating to a “buy” rating in a report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.43.

Nutanix Stock Performance

Shares of Nutanix stock opened at $40.70 on Wednesday. The stock has a 50 day moving average of $44.62 and a 200 day moving average of $58.17. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 3.57 and a beta of 0.49. Nutanix has a fifty-two week low of $35.39 and a fifty-two week high of $83.36.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.44 by $0.12. The business 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. Analysts forecast that Nutanix will post 0.31 EPS for the current 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.