Cibc World Market Inc. Purchases Shares of 200,434 Nutanix $NTNX

Cibc World Market Inc. purchased a new stake in Nutanix (NASDAQ:NTNX) in the 4th quarter, HoldingsChannel reports. The fund purchased 200,434 shares of the technology company’s stock, valued at approximately $10,360,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Nutanix by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 27,514,943 shares of the technology company’s stock valued at $1,422,247,000 after purchasing an additional 832,468 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Nutanix by 40.6% during the third quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock valued at $492,928,000 after buying an additional 1,914,005 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Nutanix by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company’s stock valued at $272,452,000 after buying an additional 135,533 shares during the last quarter. Norges Bank acquired a new position in shares of Nutanix during the fourth quarter valued at about $187,169,000. Finally, Nordea Investment Management AB grew its holdings in shares of Nutanix by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock valued at $181,734,000 after buying an additional 653,042 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NTNX shares. JPMorgan Chase & Co. lifted their price objective on shares of Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. UBS Group lifted their price objective on shares of Nutanix from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th. Wall Street Zen upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Needham & Company LLC lifted their price objective on shares of Nutanix from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Stock Performance

Nutanix stock opened at $53.64 on Friday. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42. The stock has a market cap of $14.23 billion, a PE ratio of 56.46, a price-to-earnings-growth ratio of 5.99 and a beta of 0.62. The firm’s 50-day simple moving average is $43.48 and its 200 day simple moving average is $45.02.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.12. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The business had revenue of $364.94 million for the quarter, compared to analysts’ expectations of $686.34 million. During the same period in the previous year, the company earned $0.22 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts predict that Nutanix will post 0.56 EPS for the current fiscal 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.