BW Gestao de Investimentos Ltda. Raises Stock Holdings in Nutanix $NTNX

BW Gestao de Investimentos Ltda. grew its stake in Nutanix (NASDAQ:NTNX) by 19.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 663,074 shares of the technology company’s stock after buying an additional 106,420 shares during the period. Nutanix comprises approximately 0.8% of BW Gestao de Investimentos Ltda.’s holdings, making the stock its 12th biggest position. BW Gestao de Investimentos Ltda.’s holdings in Nutanix were worth $34,274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTNX. New Millennium Group LLC purchased a new stake in Nutanix in the fourth quarter worth about $28,000. V Square Quantitative Management LLC purchased a new stake in Nutanix in the fourth quarter worth about $39,000. Covestor Ltd increased its position in 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 in the last quarter. Harbour Investments Inc. increased its position in Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after buying an additional 502 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new stake in Nutanix in the third quarter worth about $68,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NTNX shares. Morgan Stanley upped their price target on Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price objective (down from $63.00) on shares of Nutanix in a research note on Thursday. Barclays upped their price objective on Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Wells Fargo & Company upped their price objective on Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Royal Bank Of Canada upped their price objective on Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $55.87 on Tuesday. The business’s 50 day moving average price is $42.30 and its 200-day moving average price is $45.21. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 58.81, a PEG ratio of 5.82 and a beta of 0.54.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The firm had revenue of $364.94 million for the quarter, compared to the consensus estimate of $686.34 million. During the same period in the prior year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts predict that Nutanix will post 0.56 earnings per share for the current year.

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.