Nutanix (NASDAQ:NTNX) Announces Earnings Results

Nutanix (NASDAQ:NTNX) announced its earnings results on Wednesday. The technology company reported $999.00 EPS for the quarter, topping the consensus estimate of $0.44 by $998.56, Zacks reports. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%.

Nutanix Stock Up 1.6%

Shares of Nutanix stock traded up $0.59 on Wednesday, hitting $38.45. 5,625,132 shares of the company traded hands, compared to its average volume of 4,326,032. Nutanix has a 12-month low of $35.39 and a 12-month high of $83.36. The company has a market cap of $10.40 billion, a PE ratio of 51.26, a PEG ratio of 4.06 and a beta of 0.48. The company has a 50-day moving average price of $45.83 and a 200 day moving average price of $59.22.

Institutional Trading of Nutanix

A number of institutional investors have recently bought and sold shares of NTNX. GW&K Investment Management LLC increased its position in Nutanix by 78.7% in the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock worth $51,000 after purchasing an additional 432 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Nutanix by 135.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after buying an additional 609 shares during the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Nutanix by 52.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,142 shares of the technology company’s stock valued at $59,000 after buying an additional 393 shares in the last quarter. Summit Securities Group LLC increased its holdings in Nutanix by 26.4% in the fourth quarter. Summit Securities Group LLC now owns 1,356 shares of the technology company’s stock worth $70,000 after buying an additional 283 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in Nutanix by 26.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,556 shares of the technology company’s stock worth $80,000 after buying an additional 330 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analysts Set New Price Targets

NTNX has been the subject of several research analyst reports. UBS Group set a $57.00 price target on shares of Nutanix in a research report on Monday, February 9th. Wells Fargo & Company cut their target price on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 26th. Wall Street Zen lowered Nutanix from a “buy” rating to a “hold” rating in a report on Sunday. Needham & Company LLC lowered their price target on Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.73.

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.