Nutanix $NTNX Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Nutanix (NASDAQ:NTNX) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 507,121 shares of the technology company’s stock after buying an additional 13,980 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.19% of Nutanix worth $37,725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTNX. Earned Wealth Advisors LLC grew its position in shares of Nutanix by 3.8% during the second quarter. Earned Wealth Advisors LLC now owns 3,915 shares of the technology company’s stock worth $299,000 after acquiring an additional 142 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Nutanix by 6.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,453 shares of the technology company’s stock worth $188,000 after purchasing an additional 148 shares during the period. Farther Finance Advisors LLC grew its position in Nutanix by 42.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Simmons Bank grew its position in Nutanix by 2.1% during the 2nd quarter. Simmons Bank now owns 7,295 shares of the technology company’s stock worth $558,000 after purchasing an additional 150 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in Nutanix by 14.1% in the second quarter. Manchester Capital Management LLC now owns 1,374 shares of the technology company’s stock valued at $105,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 6.0%

Shares of NTNX opened at $45.74 on Friday. The stock’s 50 day moving average is $53.28 and its two-hundred day moving average is $65.75. Nutanix has a twelve month low of $45.70 and a twelve month high of $83.36. The firm has a market capitalization of $12.37 billion, a PE ratio of 60.99, a P/E/G ratio of 5.18 and a beta of 0.49.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The business had revenue of $670.58 million during the quarter, compared to analysts’ expectations of $677.23 million. During the same period last year, the firm earned $0.42 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts predict that Nutanix will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several recent research reports. The Goldman Sachs Group decreased their target price on shares of Nutanix from $95.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Zacks Research downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a report on Monday, December 29th. Finally, Northland Securities cut their price target on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.07.

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.