Pictet Asset Management Holding SA Has $118.81 Million Holdings in Nutanix $NTNX

Pictet Asset Management Holding SA lessened its position in shares of Nutanix (NASDAQ:NTNX) by 16.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,125,792 shares of the technology company’s stock after selling 619,575 shares during the period. Pictet Asset Management Holding SA’s holdings in Nutanix were worth $118,809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NTNX. New Millennium Group LLC acquired a new stake in Nutanix during the 4th quarter worth about $28,000. V Square Quantitative Management LLC acquired a new position in shares of Nutanix in the 4th quarter valued at about $39,000. Covestor Ltd lifted its stake in shares of Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after purchasing an additional 324 shares during the period. Harbour Investments Inc. boosted its position 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 purchasing an additional 502 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its position in shares of Nutanix by 78.7% during the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after purchasing an additional 432 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of Nutanix stock opened at $49.72 on Monday. Nutanix has a one year low of $34.01 and a one year high of $82.42. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 52.34, a PEG ratio of 4.38 and a beta of 0.62. The business has a 50-day simple moving average of $46.52 and a 200 day simple moving average of $44.47.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) 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 business had revenue of $364.94 million for the quarter, compared to analyst estimates of $686.34 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that Nutanix will post 0.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NTNX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Wednesday. KeyCorp restated an “overweight” rating on shares of Nutanix in a report on Thursday, May 28th. Wall Street Zen downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Barclays lifted their price objective on shares of Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Finally, Northland Securities set a $47.00 target price on shares of Nutanix in a research report on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.