Tidal Investments LLC Grows Stock Holdings in Nutanix $NTNX

Tidal Investments LLC grew its position in Nutanix (NASDAQ:NTNX) by 111.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 166,037 shares of the technology company’s stock after buying an additional 87,426 shares during the period. Tidal Investments LLC’s holdings in Nutanix were worth $8,461,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NTNX. CX Institutional grew its position in shares of Nutanix by 134.6% in the 2nd quarter. CX Institutional now owns 488 shares of the technology company’s stock worth $25,000 after buying an additional 280 shares during the last quarter. New Millennium Group LLC purchased a new stake in Nutanix during the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust lifted its position in Nutanix by 43.8% during the second quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company’s stock valued at $29,000 after acquiring an additional 176 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Nutanix in the first quarter valued at approximately $27,000. Finally, Covestor Ltd boosted its stake 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. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Up 0.8%

NTNX stock opened at $65.92 on Friday. The stock has a market capitalization of $17.82 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 3.74 and a beta of 0.62. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.92. The firm has a 50 day moving average of $61.71 and a 200 day moving average of $50.03.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $757.08 million for the quarter, compared to analyst estimates of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. Nutanix’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. Sell-side analysts forecast that Nutanix will post 1.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

NTNX has been the topic of several analyst reports. Needham & Company LLC lifted their price target on shares of Nutanix from $60.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Wells Fargo & Company increased their price objective on Nutanix from $55.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, August 27th. Zacks Research cut Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Rosenblatt Securities boosted their target price on Nutanix from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Finally, Royal Bank Of Canada upped their target price on Nutanix from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and an average target price of $72.71.

About Nutanix

Nutanix, Inc is a cloud computing software company that provides infrastructure and management solutions for enterprise data centers, private clouds, public clouds and hybrid multicloud environments. Its platform is designed to simplify the deployment, operation and management of applications and workloads across on-premises infrastructure and multiple cloud providers.

The company’s offerings include the Nutanix Cloud Infrastructure platform, which combines compute, storage and virtualization capabilities; the Nutanix Cloud Manager suite for monitoring, automation, governance and cost management; and Nutanix Unified Storage.