Nutanix $NTNX Shares Bought by Danske Bank A S

Danske Bank A S grew its stake in shares of Nutanix (NASDAQ:NTNX) by 10.7% in the fourth quarter, HoldingsChannel reports. The fund owned 173,004 shares of the technology company’s stock after buying an additional 16,700 shares during the quarter. Danske Bank A S’s holdings in Nutanix were worth $8,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NTNX. CW Advisors LLC acquired a new position in shares of Nutanix during the 2nd quarter valued at about $273,000. Cerity Partners LLC increased its holdings in shares of Nutanix by 15.2% during the 2nd quarter. Cerity Partners LLC now owns 83,073 shares of the technology company’s stock worth $6,350,000 after buying an additional 10,967 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Nutanix by 296.5% during the 2nd quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company’s stock worth $3,181,000 after buying an additional 31,119 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Nutanix by 94.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock worth $3,690,000 after buying an additional 23,479 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Nutanix by 164.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company’s stock worth $659,000 after buying an additional 5,361 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Trading Up 2.7%

Shares of NASDAQ NTNX opened at $43.74 on Tuesday. Nutanix has a 12-month low of $34.01 and a 12-month high of $83.36. The company has a market cap of $11.60 billion, a P/E ratio of 47.54, a P/E/G ratio of 4.76 and a beta of 0.54. The stock has a fifty day moving average price of $39.48 and a 200 day moving average price of $48.40.

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 the consensus estimate of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The firm had revenue of $722.83 million during the quarter, compared to the consensus estimate of $709.83 million. During the same period in the prior year, the firm earned $0.47 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts forecast that Nutanix will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NTNX shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $44.00 price objective on shares of Nutanix in a report on Friday, April 10th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th. Bank of America dropped their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Needham & Company LLC dropped their target price on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $55.00 target price on shares of Nutanix in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.87.

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.