KBC Group NV Sells 24,215 Shares of Nutanix $NTNX

KBC Group NV cut its position in Nutanix (NASDAQ:NTNX) by 68.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 11,396 shares of the technology company’s stock after selling 24,215 shares during the period. KBC Group NV’s holdings in Nutanix were worth $433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in shares of Nutanix by 72.8% during the 4th quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock worth $591,991,000 after acquiring an additional 4,826,443 shares during the period. Norges Bank bought a new stake in Nutanix in the 4th quarter valued at about $187,169,000. FIL Ltd lifted its holdings in Nutanix by 180.1% during the fourth quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock valued at $224,021,000 after purchasing an additional 2,786,929 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in Nutanix by 926.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,687,387 shares of the technology company’s stock valued at $138,911,000 after purchasing an additional 2,425,665 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Nutanix by 592.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,601,351 shares of the technology company’s stock worth $82,774,000 after purchasing an additional 1,370,047 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NTNX shares. 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 note on Thursday, May 28th. Rosenblatt Securities restated a “buy” rating and set a $60.00 target price on shares of Nutanix in a research report on Friday, May 29th. Barclays lifted their price target on Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Royal Bank Of Canada boosted their price objective on Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Northland Securities set a $47.00 price objective on Nutanix in a report on Thursday, May 28th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Trading Up 4.6%

Nutanix stock opened at $55.04 on Friday. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42. The firm has a market capitalization of $14.88 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 4.85 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 announced its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. The firm had revenue of $703.07 million during the quarter, compared to the consensus estimate of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. Research analysts forecast that Nutanix will post 0.71 earnings per share for the current 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.