Nutanix $NTNX Shares Bought by Rheos Capital Works Inc.

Rheos Capital Works Inc. grew its position in Nutanix (NASDAQ:NTNX) by 285.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 540,000 shares of the technology company’s stock after buying an additional 400,000 shares during the quarter. Nutanix accounts for approximately 2.2% of Rheos Capital Works Inc.’s holdings, making the stock its 15th biggest holding. Rheos Capital Works Inc. owned 0.20% of Nutanix worth $40,171,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Nutanix by 42.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after acquiring an additional 150 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Nutanix in the second quarter valued at approximately $45,000. SJS Investment Consulting Inc. increased its stake in shares of Nutanix by 3,122.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock worth $53,000 after purchasing an additional 687 shares in the last quarter. Itau Unibanco Holding S.A. increased its stake in shares of Nutanix by 33.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock worth $57,000 after purchasing an additional 186 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Nutanix by 40.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,229 shares of the technology company’s stock worth $86,000 after purchasing an additional 352 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Trading Up 3.0%

Nutanix stock opened at $52.07 on Wednesday. The stock has a fifty day moving average price of $56.21 and a 200 day moving average price of $66.93. Nutanix has a 52 week low of $46.12 and a 52 week high of $83.36. The firm has a market capitalization of $14.08 billion, a P/E ratio of 69.43, a PEG ratio of 5.38 and a beta of 0.49.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The firm had revenue of $670.58 million for the quarter, compared to analyst estimates of $677.23 million. During the same period last year, the company earned $0.42 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, equities analysts predict that Nutanix will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Oppenheimer assumed coverage on Nutanix in a report on Monday, November 17th. They set an “outperform” rating and a $90.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price objective (down previously from $88.00) on shares of Nutanix in a research note on Wednesday, November 26th. Northland Capmk cut Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Zacks Research lowered shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, The Goldman Sachs Group decreased their price target on shares of Nutanix from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and an average price target of $73.13.

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.