OP Asset Management Ltd Acquires Shares of 285,273 Nutanix $NTNX

OP Asset Management Ltd acquired a new stake in Nutanix (NASDAQ:NTNX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 285,273 shares of the technology company’s stock, valued at approximately $10,843,000. OP Asset Management Ltd owned about 0.11% of Nutanix as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its stake in Nutanix by 0.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 199,501 shares of the technology company’s stock valued at $7,583,000 after acquiring an additional 1,592 shares during the period. Krilogy Financial LLC boosted its position in Nutanix by 125.1% during the first quarter. Krilogy Financial LLC now owns 21,347 shares of the technology company’s stock worth $844,000 after purchasing an additional 11,865 shares during the period. Evolve Private Wealth LLC boosted its position in Nutanix by 51.9% during the first quarter. Evolve Private Wealth LLC now owns 21,527 shares of the technology company’s stock worth $818,000 after purchasing an additional 7,355 shares during the period. CWC Advisors LLC. increased its holdings in shares of Nutanix by 3.5% in the first quarter. CWC Advisors LLC. now owns 11,968 shares of the technology company’s stock valued at $455,000 after purchasing an additional 402 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC increased its holdings in shares of Nutanix by 2.8% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 46,889 shares of the technology company’s stock valued at $1,782,000 after purchasing an additional 1,267 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NTNX shares. Piper Sandler restated an “overweight” rating on shares of Nutanix in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a research note on Friday, March 27th. Rosenblatt Securities reissued a “buy” rating and issued a $60.00 price target on shares of Nutanix in a report on Friday, May 29th. Wells Fargo & Company raised their price objective on shares of Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Finally, KeyCorp restated an “overweight” rating on shares of Nutanix in a report on Thursday, May 28th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Stock Performance

Shares of Nutanix stock opened at $46.94 on Friday. The firm has a 50-day moving average of $46.29 and a 200-day moving average of $44.46. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42. The stock has a market cap of $12.69 billion, a PE ratio of 49.41, a PEG ratio of 4.20 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The firm had revenue of $364.94 million during the quarter, compared to the consensus estimate of $686.34 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts predict that Nutanix will post 0.7 earnings per share 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.