WINTON GROUP Ltd Purchases New Stake in Nutanix $NTNX

WINTON GROUP Ltd purchased a new stake in Nutanix (NASDAQ:NTNX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,511 shares of the technology company’s stock, valued at approximately $3,696,000.

Other institutional investors have also recently added to or reduced their stakes in the company. New Millennium Group LLC acquired a new stake in Nutanix in the fourth quarter valued at $28,000. V Square Quantitative Management LLC acquired a new stake in Nutanix in the fourth quarter valued at $39,000. Covestor Ltd raised its holdings in Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after acquiring an additional 324 shares in the last quarter. Harbour Investments Inc. raised its holdings in Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after acquiring an additional 502 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new stake in Nutanix in the third quarter valued at $68,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NTNX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $60.00 price target on shares of Nutanix in a report on Friday, May 29th. Barclays upped their price target on shares of Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Finally, Northland Securities set a $47.00 price target on shares of Nutanix in a report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $53.64 on Monday. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 56.46, a price-to-earnings-growth ratio of 5.99 and a beta of 0.62. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42. The company’s fifty day moving average is $43.48 and its two-hundred day moving average is $44.88.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The company had revenue of $364.94 million for the quarter, compared to analysts’ expectations of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. Sell-side 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.