Korea Investment CORP Sells 80,847 Shares of Nutanix $NTNX

Korea Investment CORP lowered its position in Nutanix (NASDAQ:NTNX) by 27.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,172 shares of the technology company’s stock after selling 80,847 shares during the period. Korea Investment CORP’s holdings in Nutanix were worth $15,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. SJS Investment Consulting Inc. grew its stake in shares of Nutanix by 3,122.7% during the third quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after buying an additional 687 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Nutanix by 33.0% in the second quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock worth $57,000 after buying an additional 186 shares during the period. Optiver Holding B.V. bought a new stake in shares of Nutanix during the 3rd quarter worth approximately $68,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Nutanix by 135.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after acquiring an additional 609 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Nutanix by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock valued at $94,000 after acquiring an additional 291 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Down 2.8%

NTNX opened at $38.63 on Wednesday. The stock’s fifty day moving average is $43.38 and its two-hundred day moving average is $57.15. The company has a market capitalization of $10.45 billion, a P/E ratio of 41.99, a PEG ratio of 4.25 and a beta of 0.49. Nutanix has a 52 week low of $35.39 and a 52 week high of $83.36.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The business had revenue of $722.83 million during the quarter, compared to analyst estimates of $709.83 million. During the same period in the previous year, the company posted $0.47 EPS. Nutanix’s revenue was up 10.4% on a year-over-year basis. Equities analysts anticipate that Nutanix will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on NTNX. Zacks Research downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Wells Fargo & Company lowered their target price on shares of Nutanix from $57.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. KeyCorp cut their price target on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Barclays reduced their price target on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.43.

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.