New Age Alpha Advisors LLC Purchases New Position in Nutanix $NTNX

New Age Alpha Advisors LLC bought a new position in shares of Nutanix (NASDAQ:NTNX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 112,014 shares of the technology company’s stock, valued at approximately $5,790,000.

Other institutional investors have also recently added to or reduced their stakes in the company. New Millennium Group LLC bought a new stake in Nutanix during the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new stake in Nutanix during the 4th quarter worth approximately $39,000. Covestor Ltd grew its holdings in Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after acquiring an additional 324 shares during the last quarter. Optiver Holding B.V. bought a new stake in Nutanix during the 3rd quarter worth approximately $68,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in Nutanix by 135.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after acquiring an additional 609 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Nutanix Stock Performance

NASDAQ:NTNX opened at $47.12 on Monday. The firm’s fifty day moving average is $41.22 and its 200-day moving average is $46.08. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The firm has a market cap of $12.50 billion, a P/E ratio of 51.22, a P/E/G ratio of 5.26 and a beta of 0.54.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The company had revenue of $722.83 million for the quarter, compared to analyst estimates of $709.83 million. During the same period in the prior year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Nutanix will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley reduced their target price on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th. Piper Sandler reduced their target price on shares of Nutanix from $72.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Bank of America reduced 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. Finally, Needham & Company LLC reduced their target price on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.87.

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.