13,798 Shares in Nutanix $NTNX Bought by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA bought a new position in Nutanix (NASDAQ:NTNX) during the 4th quarter, Holdings Channel reports. The fund bought 13,798 shares of the technology company’s stock, valued at approximately $713,000.

Several other institutional investors have also recently bought and sold shares of NTNX. CW Advisors LLC bought a new position in Nutanix in the 2nd quarter worth $273,000. Cerity Partners LLC increased its holdings in shares of Nutanix by 15.2% during the 2nd quarter. Cerity Partners LLC now owns 83,073 shares of the technology company’s stock worth $6,350,000 after purchasing an additional 10,967 shares during the period. Bank of Nova Scotia increased its holdings in shares of Nutanix by 296.5% during the 2nd quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company’s stock worth $3,181,000 after purchasing an additional 31,119 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Nutanix by 94.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock worth $3,690,000 after purchasing an additional 23,479 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Nutanix by 164.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company’s stock worth $659,000 after purchasing an additional 5,361 shares during the period. Institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America dropped their price objective on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th. Barclays dropped their price objective on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Wells Fargo & Company dropped their price objective on shares of Nutanix from $57.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Finally, The Goldman Sachs Group dropped their price objective on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.87.

Nutanix Stock Down 1.8%

NASDAQ NTNX opened at $45.16 on Tuesday. The stock has a market cap of $11.98 billion, a P/E ratio of 49.09, a PEG ratio of 5.14 and a beta of 0.54. The company’s 50-day simple moving average is $40.08 and its 200 day simple moving average is $47.58. Nutanix has a twelve month low of $34.01 and a twelve month high of $83.36.

Nutanix (NASDAQ:NTNX) last posted 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. The business had revenue of $722.83 million for the quarter, compared to analysts’ expectations of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Research analysts anticipate that Nutanix will post 0.56 earnings per share for the current year.

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.