Bessemer Group Inc. Reduces Holdings in Nutanix $NTNX

Bessemer Group Inc. cut its holdings in shares of Nutanix (NASDAQ:NTNX) by 47.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,260 shares of the technology company’s stock after selling 15,435 shares during the quarter. Bessemer Group Inc.’s holdings in Nutanix were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTNX. Vanguard Group Inc. boosted its stake in shares of Nutanix by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 27,514,943 shares of the technology company’s stock valued at $1,422,247,000 after purchasing an additional 832,468 shares during the period. AQR Capital Management LLC increased its position in shares of Nutanix by 72.8% during the fourth quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock worth $591,991,000 after acquiring an additional 4,826,443 shares during the period. Geode Capital Management LLC raised its stake in shares of Nutanix by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company’s stock valued at $272,452,000 after acquiring an additional 135,533 shares in the last quarter. FIL Ltd boosted its holdings in Nutanix by 180.1% in the fourth quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock valued at $224,021,000 after purchasing an additional 2,786,929 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Nutanix by 14.0% in the fourth quarter. First Trust Advisors LP now owns 3,647,276 shares of the technology company’s stock valued at $188,528,000 after purchasing an additional 447,806 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $55.04 on Friday. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 57.94, a price-to-earnings-growth ratio of 4.64 and a beta of 0.61. The business’s 50 day simple moving average is $50.94 and its 200-day simple moving average is $44.96. Nutanix has a 12 month low of $34.01 and a 12 month high of $82.42.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. The company had revenue of $703.07 million for the quarter, compared to the consensus estimate of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 earnings per share. On average, equities analysts anticipate that Nutanix will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Needham & Company LLC upped their price target on Nutanix from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Barclays raised their price objective on shares of Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Rosenblatt Securities restated a “buy” rating and set a $60.00 price objective on shares of Nutanix in a research report on Friday, May 29th. Finally, Royal Bank Of Canada increased their target price on shares of Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.