Swiss National Bank Has $54.61 Million Stock Holdings in Nutanix $NTNX

Swiss National Bank reduced its holdings in shares of Nutanix (NASDAQ:NTNX) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 734,100 shares of the technology company’s stock after selling 32,200 shares during the period. Swiss National Bank’s holdings in Nutanix were worth $54,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Nutanix in the second quarter worth about $263,938,000. Marshall Wace LLP boosted its holdings in Nutanix by 75.9% during the second quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock valued at $250,655,000 after purchasing an additional 1,415,117 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Nutanix by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company’s stock valued at $1,984,909,000 after purchasing an additional 1,167,193 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Nutanix by 221.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,614,293 shares of the technology company’s stock valued at $123,397,000 after purchasing an additional 1,112,177 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Nutanix by 30.8% in the 2nd quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock worth $360,206,000 after buying an additional 1,108,261 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX opened at $38.24 on Thursday. The firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 4.13 and a beta of 0.49. The business’s fifty day moving average price is $43.11 and its two-hundred day moving average price is $57.02. Nutanix has a 52 week low of $35.39 and a 52 week high of $83.36.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, topping 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 company had revenue of $722.83 million during the quarter, compared to the consensus estimate of $709.83 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, research analysts forecast that Nutanix will post 0.31 EPS for the current year.

Analysts Set New Price Targets

NTNX has been the subject of several analyst reports. Bank of America cut their target price on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. UBS Group increased their price objective on Nutanix from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Royal Bank Of Canada set a $55.00 price objective on Nutanix in a report on Wednesday, February 11th. Wall Street Zen downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Needham & Company LLC lowered their target price on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and an average price target of $62.43.

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.