Rhumbline Advisers Buys 438,268 Shares of Nutanix $NTNX

Rhumbline Advisers grew its stake in shares of Nutanix (NASDAQ:NTNX) by 102.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 868,143 shares of the technology company’s stock after buying an additional 438,268 shares during the quarter. Rhumbline Advisers’ holdings in Nutanix were worth $64,581,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. SJS Investment Consulting Inc. increased its position in Nutanix by 3,122.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after buying an additional 687 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in Nutanix by 33.0% in the second quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock valued at $57,000 after acquiring an additional 186 shares during the period. Wilmington Savings Fund Society FSB grew its stake in Nutanix by 135.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after acquiring an additional 609 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Nutanix by 31.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock valued at $94,000 after acquiring an additional 291 shares in the last quarter. Finally, Manchester Capital Management LLC raised its position in shares of Nutanix by 14.1% during the second quarter. Manchester Capital Management LLC now owns 1,374 shares of the technology company’s stock worth $105,000 after purchasing an additional 170 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several research reports. Northland Securities reduced their price target on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research report on Wednesday, November 26th. Oppenheimer initiated coverage on shares of Nutanix in a research note on Monday, November 17th. They issued an “outperform” rating and a $90.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Morgan Stanley set a $62.00 target price on shares of Nutanix in a report on Monday, January 12th. Finally, KeyCorp cut their price target on Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and an average price target of $67.13.

Nutanix Price Performance

NTNX opened at $41.13 on Friday. Nutanix has a fifty-two week low of $35.39 and a fifty-two week high of $83.36. The firm has a market capitalization of $11.12 billion, a P/E ratio of 54.84, a PEG ratio of 4.42 and a beta of 0.48. The company’s 50-day moving average is $47.01 and its 200 day moving average is $61.30.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $670.58 million during the quarter, compared to the consensus estimate of $677.23 million. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. On average, equities research analysts expect that Nutanix will post 0.31 earnings per share for the current year.

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.