Integrated Advisors Network LLC Acquires 12,354 Shares of Nutanix $NTNX

Integrated Advisors Network LLC raised its holdings in shares of Nutanix (NASDAQ:NTNX) by 197.6% during the first quarter, HoldingsChannel reports. The firm owned 18,605 shares of the technology company’s stock after purchasing an additional 12,354 shares during the period. Integrated Advisors Network LLC’s holdings in Nutanix were worth $707,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of Nutanix by 72.8% in the 4th quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock worth $591,991,000 after purchasing an additional 4,826,443 shares during the period. Norges Bank bought a new position in shares of Nutanix during the fourth quarter valued at approximately $187,169,000. FIL Ltd increased its holdings in Nutanix by 180.1% during the fourth quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock valued at $224,021,000 after buying an additional 2,786,929 shares during the period. Alyeska Investment Group L.P. increased its holdings in Nutanix by 926.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,687,387 shares of the technology company’s stock valued at $138,911,000 after buying an additional 2,425,665 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Nutanix by 592.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,601,351 shares of the technology company’s stock worth $82,774,000 after buying an additional 1,370,047 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

NTNX has been the subject of a number of analyst reports. UBS Group upped their target price on Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Northland Securities set a $47.00 price target on Nutanix in a report on Thursday, May 28th. Wells Fargo & Company boosted their price target on Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Morgan Stanley upped their price objective on Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised their price objective on Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Trading Up 3.0%

Shares of NTNX opened at $55.53 on Friday. The firm has a market cap of $15.01 billion, a PE ratio of 58.45, a P/E/G ratio of 4.75 and a beta of 0.61. Nutanix has a 12 month low of $34.01 and a 12 month high of $82.42. The stock has a fifty day moving average price of $48.66 and a 200-day moving average price of $44.70.

Nutanix (NASDAQ:NTNX) last announced 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 firm had revenue of $364.94 million for the quarter, compared to the consensus estimate of $686.34 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, research analysts forecast 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.