Illinois Municipal Retirement Fund Has $3.97 Million Holdings in Nutanix $NTNX

Illinois Municipal Retirement Fund raised its holdings in shares of Nutanix (NASDAQ:NTNX) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,514 shares of the technology company’s stock after acquiring an additional 11,367 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Nutanix were worth $3,973,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NTNX. New Millennium Group LLC purchased a new stake in shares of Nutanix in the fourth quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in Nutanix during the fourth quarter valued at approximately $39,000. Covestor Ltd increased its stake in Nutanix by 73.1% in 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. increased its stake in Nutanix by 159.4% in 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, GW&K Investment Management LLC lifted its position in Nutanix by 78.7% in the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock worth $51,000 after buying an additional 432 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Down 1.4%

NTNX stock opened at $55.08 on Friday. The company has a market capitalization of $14.89 billion, a price-to-earnings ratio of 57.98, a P/E/G ratio of 4.85 and a beta of 0.61. Nutanix has a 12 month low of $34.01 and a 12 month high of $82.42. The firm has a 50 day moving average of $50.05 and a two-hundred day moving average of $44.87.

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, 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 business had revenue of $364.94 million for the quarter, compared to the consensus estimate of $686.34 million. During the same quarter last year, the firm earned $0.22 EPS. Nutanix’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, research analysts expect that Nutanix will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NTNX has been the subject of a number of research reports. Wall Street Zen raised shares of Nutanix from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Piper Sandler reaffirmed an “overweight” rating on shares of Nutanix in a research note on Wednesday, June 24th. Wells Fargo & Company increased their price objective on Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Bank of America lifted their price objective on Nutanix from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, UBS Group boosted their target price on Nutanix from $60.00 to $62.00 and gave the company a “buy” rating in a research note 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, Nutanix has a consensus rating of “Moderate Buy” and an average target price of $60.00.

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.