Nomura Asset Management Co. Ltd. Buys 32,366 Shares of Nutanix $NTNX

Nomura Asset Management Co. Ltd. increased its stake in shares of Nutanix (NASDAQ:NTNX) by 40.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,306 shares of the technology company’s stock after buying an additional 32,366 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Nutanix were worth $5,805,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Rhumbline Advisers grew its holdings in Nutanix by 102.0% during the third quarter. Rhumbline Advisers now owns 868,143 shares of the technology company’s stock worth $64,581,000 after buying an additional 438,268 shares in the last quarter. Vinva Investment Management Ltd grew its holdings in Nutanix by 222.8% during the third quarter. Vinva Investment Management Ltd now owns 353,511 shares of the technology company’s stock worth $27,221,000 after buying an additional 244,006 shares in the last quarter. Nordea Investment Management AB grew its holdings in Nutanix by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock worth $181,734,000 after buying an additional 653,042 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Nutanix by 674.7% during the third quarter. Thrivent Financial for Lutherans now owns 61,590 shares of the technology company’s stock worth $4,582,000 after buying an additional 53,640 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Nutanix by 1,196.7% in the 4th quarter. SG Americas Securities LLC now owns 139,509 shares of the technology company’s stock valued at $7,211,000 after purchasing an additional 128,750 shares during the period. Institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NTNX. The Goldman Sachs Group restated a “buy” rating on shares of Nutanix in a research note on Thursday, May 28th. Wall Street Zen downgraded Nutanix from a “buy” rating to a “hold” rating in a research note on Tuesday, March 10th. KeyCorp restated an “overweight” rating on shares of Nutanix in a research note on Thursday, May 28th. Royal Bank Of Canada upped their price objective on Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Barclays upped their price objective on Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Stock Up 3.6%

NASDAQ:NTNX opened at $54.97 on Friday. The business’s 50-day moving average price is $43.18 and its two-hundred day moving average price is $44.96. Nutanix has a twelve month low of $34.01 and a twelve month high of $82.42. The stock has a market cap of $14.58 billion, a P/E ratio of 57.86, a PEG ratio of 5.93 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The firm had revenue of $364.94 million for the quarter, compared to analysts’ expectations of $686.34 million. During the same quarter last year, the firm posted $0.22 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts expect 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.