Nutanix $NTNX Shares Purchased by Jericho Capital Asset Management L.P.

Jericho Capital Asset Management L.P. lifted its position in Nutanix (NASDAQ:NTNX) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,107,481 shares of the technology company’s stock after purchasing an additional 666,000 shares during the quarter. Nutanix comprises about 1.8% of Jericho Capital Asset Management L.P.’s holdings, making the stock its 20th biggest holding. Jericho Capital Asset Management L.P. owned approximately 1.15% of Nutanix worth $160,626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Millennium Group LLC acquired a new position in Nutanix in the 4th quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Nutanix during the 4th quarter worth approximately $39,000. Covestor Ltd raised its position in shares of Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after buying an additional 324 shares during the period. Harbour Investments Inc. raised its position in shares of Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after buying an additional 502 shares during the period. Finally, Optiver Holding B.V. acquired a new position in Nutanix in the third quarter valued at approximately $68,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank Of Canada raised their target price on Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Bank of America increased their price target on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. William Blair reissued a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. JPMorgan Chase & Co. boosted 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. Finally, Morgan Stanley upped their target price on shares of Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Nutanix Stock Down 3.8%

NASDAQ:NTNX opened at $46.47 on Thursday. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The company has a fifty day simple moving average of $45.12 and a two-hundred day simple moving average of $44.46. The company has a market cap of $12.56 billion, a price-to-earnings ratio of 48.92, a price-to-earnings-growth ratio of 4.26 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The business had revenue of $364.94 million for the quarter, compared to analysts’ expectations of $686.34 million. During the same period last year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts expect that Nutanix will post 0.71 EPS for the current year.

About Nutanix

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.