Highland Capital Management LLC Acquires Shares of 34,331 Nutanix $NTNX

Highland Capital Management LLC acquired a new stake in shares of Nutanix (NASDAQ:NTNX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,331 shares of the technology company’s stock, valued at approximately $1,775,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Crestwood Advisors Group LLC raised its stake in Nutanix by 0.4% during the third quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock valued at $3,236,000 after buying an additional 161 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Nutanix by 0.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock valued at $4,868,000 after buying an additional 260 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Nutanix by 31.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock valued at $94,000 after buying an additional 291 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Nutanix by 20.9% during the third quarter. Jones Financial Companies Lllp now owns 1,859 shares of the technology company’s stock valued at $143,000 after buying an additional 321 shares in the last quarter. Finally, Optimist Retirement Group LLC raised its stake in Nutanix by 5.8% during the second quarter. Optimist Retirement Group LLC now owns 6,380 shares of the technology company’s stock valued at $488,000 after buying an additional 349 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several research reports. UBS Group upped their price objective on Nutanix from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. The Goldman Sachs Group cut their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Needham & Company LLC cut their price objective on Nutanix from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Bank of America cut their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Barclays lowered their target price on Nutanix from $53.00 to $47.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.87.

Nutanix Trading Down 0.7%

NASDAQ:NTNX opened at $43.43 on Wednesday. The firm has a market capitalization of $11.52 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 4.89 and a beta of 0.54. The stock has a 50 day moving average of $39.55 and a 200-day moving average of $48.22. Nutanix has a 52 week low of $34.01 and a 52 week high of $83.36.

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

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.