Mutual of America Capital Management LLC Makes New $9.21 Million Investment in Nutanix $NTNX

Mutual of America Capital Management LLC bought a new stake in Nutanix (NASDAQ:NTNX) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 123,805 shares of the technology company’s stock, valued at approximately $9,210,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Nutanix by 42.6% in 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 during the period. Public Employees Retirement System of Ohio increased its stake in shares of Nutanix by 2.8% in the second quarter. Public Employees Retirement System of Ohio now owns 79,199 shares of the technology company’s stock worth $6,054,000 after purchasing an additional 2,143 shares in the last quarter. GraniteShares Advisors LLC bought a new stake in shares of Nutanix in the second quarter valued at approximately $482,000. V Square Quantitative Management LLC purchased a new stake in shares of Nutanix during the 2nd quarter valued at approximately $45,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Nutanix by 3.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 40,450 shares of the technology company’s stock worth $3,092,000 after buying an additional 1,201 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Up 1.3%

Shares of NASDAQ NTNX opened at $43.37 on Tuesday. The stock’s 50-day simple moving average is $50.36 and its two-hundred day simple moving average is $64.23. Nutanix has a twelve month low of $41.33 and a twelve month high of $83.36. The firm has a market capitalization of $11.73 billion, a P/E ratio of 57.83, a P/E/G ratio of 4.57 and a beta of 0.49.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTNX. Wells Fargo & Company lowered their target price on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 26th. Bank of America reduced their price target on Nutanix from $93.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. JPMorgan Chase & Co. dropped their price objective on Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. KeyCorp reduced their target price on Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Morgan Stanley set a $62.00 price target on shares of Nutanix in a report on Monday, January 12th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.