Ossiam Raises Stock Holdings in Nutanix $NTNX

Ossiam lifted its stake in Nutanix (NASDAQ:NTNX) by 85.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,672 shares of the technology company’s stock after buying an additional 64,392 shares during the quarter. Ossiam owned about 0.05% of Nutanix worth $10,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. SJS Investment Consulting Inc. grew its stake in shares of Nutanix by 3,122.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after acquiring an additional 687 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in Nutanix by 33.0% during the second quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock valued at $57,000 after purchasing an additional 186 shares in the last quarter. Optiver Holding B.V. bought a new position in shares of Nutanix in the third quarter worth approximately $68,000. Wilmington Savings Fund Society FSB increased its stake in shares of Nutanix by 135.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after purchasing an additional 609 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Nutanix by 31.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after purchasing an additional 291 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $39.29 on Friday. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 42.71, a P/E/G ratio of 4.19 and a beta of 0.49. The firm has a fifty day moving average price of $42.64 and a 200 day moving average price of $56.70. Nutanix has a fifty-two week low of $35.39 and a fifty-two week high of $83.36.

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays decreased their price objective on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a research note on Monday, December 29th. Piper Sandler decreased their price target on Nutanix from $72.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. JPMorgan Chase & Co. dropped their price objective on Nutanix from $78.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.