Nutanix $NTNX Holdings Lowered by Schroder Investment Management Group

Schroder Investment Management Group reduced its stake in Nutanix (NASDAQ:NTNX) by 43.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 673,917 shares of the technology company’s stock after selling 516,459 shares during the period. Schroder Investment Management Group owned 0.25% of Nutanix worth $51,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. B. Metzler seel. Sohn & Co. AG raised its holdings in Nutanix by 18.2% during the third quarter. B. Metzler seel. Sohn & Co. AG now owns 28,850 shares of the technology company’s stock worth $2,146,000 after purchasing an additional 4,442 shares in the last quarter. Vinva Investment Management Ltd boosted its stake in Nutanix by 222.8% during the 3rd quarter. Vinva Investment Management Ltd now owns 353,511 shares of the technology company’s stock valued at $27,221,000 after purchasing an additional 244,006 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Nutanix during the 3rd quarter valued at $533,000. Natixis Advisors LLC increased its position in shares of Nutanix by 27.6% during the 3rd quarter. Natixis Advisors LLC now owns 32,134 shares of the technology company’s stock valued at $2,390,000 after purchasing an additional 6,947 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Nutanix by 1.1% in the 3rd quarter. First Trust Advisors LP now owns 3,199,470 shares of the technology company’s stock worth $238,008,000 after buying an additional 34,646 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Down 2.8%

NASDAQ:NTNX opened at $38.63 on Wednesday. The stock has a fifty day simple moving average of $43.38 and a 200 day simple moving average of $57.15. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 41.99, a price-to-earnings-growth ratio of 4.25 and a beta of 0.49. Nutanix has a 1-year low of $35.39 and a 1-year high of $83.36.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NTNX shares. UBS Group raised their target price on Nutanix from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. dropped their price target on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Oppenheimer began coverage on shares of Nutanix in a report on Monday, November 17th. They issued an “outperform” rating and a $90.00 price target for the company. Barclays lowered their price objective on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Finally, Wells Fargo & Company dropped their target price on shares of Nutanix from $57.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.43.

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.