Nutanix $NTNX Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Nutanix (NASDAQ:NTNX) by 6.9% in the 3rd quarter, Holdings Channel reports. The firm owned 231,304 shares of the technology company’s stock after purchasing an additional 14,864 shares during the period. Victory Capital Management Inc.’s holdings in Nutanix were worth $17,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of NTNX. Dynamic Technology Lab Private Ltd increased its stake in Nutanix by 67.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock valued at $2,218,000 after purchasing an additional 11,670 shares during the period. Norges Bank purchased a new position in shares of Nutanix during the second quarter worth about $263,938,000. Swiss National Bank grew its holdings in shares of Nutanix by 6.7% during the second quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock worth $58,576,000 after buying an additional 48,400 shares during the last quarter. Prudential Financial Inc. increased its position in Nutanix by 1,069.5% in the 2nd quarter. Prudential Financial Inc. now owns 222,472 shares of the technology company’s stock valued at $15,560,000 after acquiring an additional 203,449 shares during the period. Finally, Schroder Investment Management Group increased its position in Nutanix by 19.1% in the 2nd quarter. Schroder Investment Management Group now owns 1,190,376 shares of the technology company’s stock valued at $90,992,000 after acquiring an additional 191,314 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NTNX. Piper Sandler decreased their price objective on Nutanix from $72.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Needham & Company LLC cut their price objective on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Bank of America lowered their target price on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. KeyCorp dropped their price target on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Royal Bank Of Canada set a $55.00 price objective on shares of Nutanix in a research report on Wednesday, February 11th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.43.

Nutanix Trading Down 2.8%

NTNX stock opened at $38.63 on Wednesday. The firm has a 50 day moving average of $43.38 and a 200-day moving average of $57.15. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 4.25 and a beta of 0.49. Nutanix has a 12-month low of $35.39 and a 12-month high of $83.36.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The business had revenue of $722.83 million for the quarter, compared to analysts’ expectations of $709.83 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Nutanix 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.