Northwestern Mutual Investment Management Company LLC Acquires Shares of 59,753 Nutanix $NTNX

Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Nutanix (NASDAQ:NTNX) in the third quarter, HoldingsChannel reports. The firm acquired 59,753 shares of the technology company’s stock, valued at approximately $4,445,000.

Several other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Nutanix during the second quarter valued at approximately $263,938,000. Marshall Wace LLP increased its stake in Nutanix by 75.9% in the 2nd quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock worth $250,655,000 after acquiring an additional 1,415,117 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Nutanix by 221.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,614,293 shares of the technology company’s stock worth $123,397,000 after acquiring an additional 1,112,177 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Nutanix by 30.8% during the 2nd quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock valued at $360,206,000 after acquiring an additional 1,108,261 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Nutanix by 32.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,215,800 shares of the technology company’s stock valued at $245,816,000 after acquiring an additional 791,822 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on NTNX. UBS Group set a $57.00 price target on shares of Nutanix in a research note on Monday, February 9th. Northland Securities decreased their target price on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 26th. Royal Bank Of Canada set a $55.00 price target on shares of Nutanix in a report on Wednesday. The Goldman Sachs Group reduced their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Finally, Wall Street Zen upgraded Nutanix from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.13.

Nutanix Trading Up 1.5%

Nutanix stock opened at $41.76 on Monday. Nutanix has a 12-month low of $35.39 and a 12-month high of $83.36. The firm has a 50-day moving average price of $46.90 and a 200-day moving average price of $60.86. The firm has a market capitalization of $11.29 billion, a PE ratio of 55.68, a price-to-earnings-growth ratio of 4.49 and a beta of 0.48.

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

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.