Fisher Asset Management LLC Has $45.35 Million Position in Nutanix $NTNX

Fisher Asset Management LLC increased its holdings in shares of Nutanix (NASDAQ:NTNX) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 609,562 shares of the technology company’s stock after buying an additional 19,781 shares during the quarter. Fisher Asset Management LLC owned 0.23% of Nutanix worth $45,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. boosted its position in Nutanix by 6.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,453 shares of the technology company’s stock worth $188,000 after acquiring an additional 148 shares during the period. Simmons Bank lifted its position in shares of Nutanix by 2.1% in the second quarter. Simmons Bank now owns 7,295 shares of the technology company’s stock worth $558,000 after purchasing an additional 150 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in shares of Nutanix by 0.4% during the third quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock worth $3,236,000 after purchasing an additional 161 shares during the period. Manchester Capital Management LLC grew its position in Nutanix by 14.1% during the second quarter. Manchester Capital Management LLC now owns 1,374 shares of the technology company’s stock valued at $105,000 after purchasing an additional 170 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its stake in Nutanix by 33.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock valued at $57,000 after buying an additional 186 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $40.70 on Wednesday. The stock has a market capitalization of $11.01 billion, a P/E ratio of 44.24, a P/E/G ratio of 3.57 and a beta of 0.49. The business has a 50-day moving average of $44.62 and a two-hundred day moving average of $58.17. Nutanix has a fifty-two week low of $35.39 and a fifty-two week high of $83.36.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The business had revenue of $722.83 million for the quarter, compared to analyst estimates of $709.83 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, research analysts expect that Nutanix will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NTNX shares. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a research note on Monday, December 29th. Oppenheimer initiated coverage on Nutanix in a report on Monday, November 17th. They set an “outperform” rating and a $90.00 price objective for the company. Bank of America lowered their target price on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Barclays cut their price target on Nutanix from $53.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Finally, KeyCorp lowered their price target on Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.43.

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.