Lido Advisors LLC Boosts Stock Position in Nutanix $NTNX

Lido Advisors LLC grew its position in shares of Nutanix (NASDAQ:NTNX) by 352.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,176 shares of the technology company’s stock after purchasing an additional 10,264 shares during the quarter. Lido Advisors LLC’s holdings in Nutanix were worth $501,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State of Wyoming boosted its stake in Nutanix by 122.1% in the first quarter. State of Wyoming now owns 9,497 shares of the technology company’s stock worth $361,000 after buying an additional 5,221 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Nutanix by 46.8% during the first quarter. PNC Financial Services Group Inc. now owns 14,439 shares of the technology company’s stock worth $549,000 after acquiring an additional 4,600 shares in the last quarter. Earned Wealth Advisors LLC purchased a new position in shares of Nutanix during the first quarter worth approximately $217,000. Meeder Advisory Services Inc. bought a new stake in shares of Nutanix in the 1st quarter worth approximately $320,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Nutanix by 26.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,589,508 shares of the technology company’s stock worth $60,416,000 after acquiring an additional 331,700 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Down 0.5%

Shares of NTNX opened at $59.26 on Friday. The stock has a market capitalization of $16.02 billion, a P/E ratio of 62.38, a PEG ratio of 5.25 and a beta of 0.61. The firm has a fifty day simple moving average of $51.92 and a two-hundred day simple moving average of $45.08. Nutanix has a twelve month low of $34.01 and a twelve month high of $82.42.

Nutanix (NASDAQ:NTNX) last released 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. The firm had revenue of $703.07 million for the quarter, compared to analysts’ expectations of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. Sell-side analysts expect that Nutanix will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Zacks Research upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Monday. Needham & Company LLC raised their price objective on Nutanix from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Royal Bank Of Canada lifted their price objective on Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Finally, Piper Sandler reissued an “overweight” rating on shares of Nutanix in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.