Kopp Family Office LLC Lowers Holdings in Nutanix $NTNX

Kopp Family Office LLC lowered its stake in shares of Nutanix (NASDAQ:NTNX) by 50.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,448 shares of the technology company’s stock after selling 44,493 shares during the quarter. Nutanix comprises about 1.1% of Kopp Family Office LLC’s holdings, making the stock its 15th largest position. Kopp Family Office LLC’s holdings in Nutanix were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of NTNX. New Millennium Group LLC purchased a new stake in Nutanix in the fourth quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of Nutanix in the 4th quarter valued at $39,000. Covestor Ltd grew its stake in shares of Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after buying an additional 324 shares during the period. Harbour Investments Inc. grew its stake in shares of Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after buying an additional 502 shares during the period. Finally, Optiver Holding B.V. acquired a new stake in shares of Nutanix during the 3rd quarter worth $68,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Price Performance

NASDAQ:NTNX opened at $47.50 on Thursday. The business’s 50-day moving average is $46.09 and its two-hundred day moving average is $44.46. The firm has a market capitalization of $12.84 billion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 4.22 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 issued its earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, topping 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 company had revenue of $364.94 million during the quarter, compared to the consensus estimate of $686.34 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. Equities analysts anticipate that Nutanix will post 0.71 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on NTNX. Wells Fargo & Company increased their target price on Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their price target on Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Royal Bank Of Canada raised their price objective on Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Wall Street Zen cut Nutanix from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $60.00 target price on shares of Nutanix in a research report on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $60.00.

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.