Fisher Asset Management LLC Has $35.29 Million Stock Holdings in Nutanix $NTNX

Fisher Asset Management LLC lifted its holdings in Nutanix (NASDAQ:NTNX) by 12.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 682,619 shares of the technology company’s stock after acquiring an additional 73,057 shares during the quarter. Fisher Asset Management LLC’s holdings in Nutanix were worth $35,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NTNX. New Millennium Group LLC acquired a new stake in shares of Nutanix in the fourth quarter worth $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Nutanix in the fourth quarter worth $39,000. Covestor Ltd boosted its position in shares of Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after buying an additional 324 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Nutanix in the third quarter worth $68,000. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Nutanix by 135.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after buying an additional 609 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Trading Down 1.2%

NASDAQ NTNX opened at $46.55 on Wednesday. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42. The company has a market capitalization of $12.35 billion, a PE ratio of 50.60, a price-to-earnings-growth ratio of 5.26 and a beta of 0.54. The firm’s fifty day simple moving average is $41.53 and its 200-day simple moving average is $45.75.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on NTNX shares. The Goldman Sachs Group decreased their target price on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Bank of America dropped their price target on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. William Blair reaffirmed a “market perform” rating on shares of Nutanix in a research note on Monday, March 23rd. Needham & Company LLC dropped their price target on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, UBS Group upped their price target on shares of Nutanix from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $60.87.

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.