Motley Fool Asset Management LLC Reduces Holdings in Nutanix $NTNX

Motley Fool Asset Management LLC trimmed its stake in Nutanix (NASDAQ:NTNX) by 83.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,686 shares of the technology company’s stock after selling 42,334 shares during the period. Motley Fool Asset Management LLC’s holdings in Nutanix were worth $449,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Nutanix by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 27,514,943 shares of the technology company’s stock worth $1,422,247,000 after purchasing an additional 832,468 shares during the period. AQR Capital Management LLC lifted its position in shares of Nutanix by 40.6% in the 3rd quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock worth $492,928,000 after purchasing an additional 1,914,005 shares during the period. Geode Capital Management LLC boosted its position in shares of Nutanix by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company’s stock valued at $272,452,000 after purchasing an additional 135,533 shares in the last quarter. Norges Bank bought a new stake in shares of Nutanix during the fourth quarter valued at approximately $187,169,000. Finally, Nordea Investment Management AB boosted its position in shares of Nutanix by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock valued at $181,734,000 after purchasing an additional 653,042 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NTNX. Bank of America lifted their price target on Nutanix from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. KeyCorp restated an “overweight” rating on shares of Nutanix in a research report on Thursday, May 28th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research report on Friday, March 27th. William Blair restated a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. Finally, Wells Fargo & Company lifted their price target on Nutanix from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Trading Down 2.1%

Shares of NASDAQ:NTNX opened at $49.66 on Thursday. The stock has a fifty day simple moving average of $44.22 and a two-hundred day simple moving average of $44.66. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 52.27, a PEG ratio of 4.47 and a beta of 0.62. Nutanix has a 12-month low of $34.01 and a 12-month high of $82.42.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. The business had revenue of $364.94 million during the quarter, compared to analysts’ expectations of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. As a group, equities research analysts predict that Nutanix will post 0.71 EPS for the current year.

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.