Louisiana State Employees Retirement System Makes New Investment in Nutanix $NTNX

Louisiana State Employees Retirement System bought a new stake in Nutanix (NASDAQ:NTNX) during the 3rd quarter, HoldingsChannel reports. The firm bought 74,600 shares of the technology company’s stock, valued at approximately $5,549,000.

A number of other institutional investors and hedge funds have also modified their holdings of NTNX. Advisors Asset Management Inc. raised its position in shares of Nutanix by 40.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,229 shares of the technology company’s stock worth $86,000 after purchasing an additional 352 shares during the last quarter. Voleon Capital Management LP purchased a new stake in Nutanix during the 1st quarter worth approximately $879,000. Bayforest Capital Ltd increased its stake in Nutanix by 61.1% during the 1st quarter. Bayforest Capital Ltd now owns 4,410 shares of the technology company’s stock worth $308,000 after buying an additional 1,672 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Nutanix by 4.6% during the first quarter. IFM Investors Pty Ltd now owns 48,745 shares of the technology company’s stock valued at $3,403,000 after acquiring an additional 2,159 shares during the last quarter. Finally, Reliant Investment Partners LLC purchased a new position in shares of Nutanix in the first quarter valued at approximately $223,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

NTNX has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a research note on Monday, December 29th. Royal Bank Of Canada decreased their price objective on Nutanix from $74.00 to $65.00 and set an “outperform” rating on the stock in a report on Monday. Oppenheimer initiated coverage on shares of Nutanix in a report on Monday, November 17th. They set an “outperform” rating and a $90.00 target price for the company. Piper Sandler reiterated an “overweight” rating and issued a $72.00 target price (down from $88.00) on shares of Nutanix in a research report on Wednesday, November 26th. Finally, Morgan Stanley decreased their price target on shares of Nutanix from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.13.

Nutanix Stock Performance

NASDAQ NTNX opened at $53.26 on Thursday. The stock’s fifty day moving average is $55.91 and its two-hundred day moving average is $66.84. The firm has a market capitalization of $14.40 billion, a P/E ratio of 71.01, a price-to-earnings-growth ratio of 5.54 and a beta of 0.49. Nutanix has a fifty-two week low of $46.12 and a fifty-two week high of $83.36.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The firm had revenue of $670.58 million for the quarter, compared to analysts’ expectations of $677.23 million. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. As a group, sell-side 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.