10,875 Shares in Nutanix $NTNX Acquired by Sentinel Advisory Group LLC

Sentinel Advisory Group LLC bought a new position in Nutanix (NASDAQ:NTNX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,875 shares of the technology company’s stock, valued at approximately $413,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its stake in shares of Nutanix by 2.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 79,582 shares of the technology company’s stock valued at $3,025,000 after acquiring an additional 1,614 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Nutanix by 628.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock worth $45,046,000 after purchasing an additional 1,022,516 shares during the period. Oak Associates Ltd. OH acquired a new position in shares of Nutanix during the first quarter valued at about $842,000. Inceptionr LLC acquired a new position in shares of Nutanix during the first quarter valued at about $332,000. Finally, Lido Advisors LLC boosted its position in shares of Nutanix by 352.5% during the 1st quarter. Lido Advisors LLC now owns 13,176 shares of the technology company’s stock worth $501,000 after purchasing an additional 10,264 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $55.04 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 $14.88 billion, a price-to-earnings ratio of 57.94, a PEG ratio of 4.64 and a beta of 0.61. The firm’s 50-day simple moving average is $50.94 and its 200 day simple moving average is $44.96.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results 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. The business had revenue of $703.07 million during the quarter, compared to the consensus estimate of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. On average, sell-side analysts predict that Nutanix will post 0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NTNX shares. Royal Bank Of Canada raised their target price on Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Morgan Stanley upped their price target on Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Wednesday, June 24th. The Goldman Sachs Group reissued a “buy” rating on shares of Nutanix in a research note on Thursday, May 28th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Nutanix in a research report on Wednesday, June 24th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix 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.