Geode Capital Management LLC Acquires 135,533 Shares of Nutanix $NTNX

Geode Capital Management LLC lifted its holdings in Nutanix (NASDAQ:NTNX) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,283,964 shares of the technology company’s stock after purchasing an additional 135,533 shares during the period. Geode Capital Management LLC’s holdings in Nutanix were worth $272,452,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC increased its stake in Nutanix by 40.6% during the third quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock valued at $492,928,000 after acquiring an additional 1,914,005 shares during the period. M&T Bank Corp increased its stake in Nutanix by 17,534.8% during the fourth quarter. M&T Bank Corp now owns 1,281,342 shares of the technology company’s stock valued at $66,233,000 after acquiring an additional 1,274,076 shares during the period. Vanguard Group Inc. increased its stake in Nutanix by 4.6% during the third quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company’s stock valued at $1,984,909,000 after acquiring an additional 1,167,193 shares during the period. Northern Trust Corp increased its stake in Nutanix by 48.9% during the third quarter. Northern Trust Corp now owns 2,357,148 shares of the technology company’s stock valued at $175,348,000 after acquiring an additional 774,572 shares during the period. Finally, Nordea Investment Management AB increased its stake in Nutanix by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock valued at $181,734,000 after acquiring an additional 653,042 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NTNX shares. Piper Sandler restated an “overweight” rating and set a $60.00 price target (down from $63.00) on shares of Nutanix in a research note on Thursday. Rosenblatt Securities restated a “buy” rating and set a $60.00 price target on shares of Nutanix in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research note on Friday, March 27th. Needham & Company LLC boosted their price target on Nutanix from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company boosted their price target on Nutanix from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Price Performance

Shares of NTNX opened at $55.87 on Tuesday. The company has a market capitalization of $14.82 billion, a P/E ratio of 58.81, a PEG ratio of 5.82 and a beta of 0.54. Nutanix has a one year low of $34.01 and a one year high of $82.42. The business’s 50 day simple moving average is $42.30 and its 200-day simple moving average is $45.21.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.35 by $0.12. The business had revenue of $364.94 million for 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%.Nutanix’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. On average, sell-side analysts anticipate that Nutanix will post 0.56 EPS for the current fiscal year.

About Nutanix

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.