Bull Harbor Capital LLC Invests $842,000 in Nutanix $NTNX

Bull Harbor Capital LLC bought a new stake in Nutanix (NASDAQ:NTNX) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,161 shares of the technology company’s stock, valued at approximately $842,000.

Other institutional investors have also added to or reduced their stakes in the company. Utah Retirement Systems lifted its stake in Nutanix by 0.6% in the 4th quarter. Utah Retirement Systems now owns 42,355 shares of the technology company’s stock valued at $2,189,000 after purchasing an additional 257 shares during the last quarter. International Assets Investment Management LLC increased its position in Nutanix by 5.8% during the first quarter. International Assets Investment Management LLC now owns 4,700 shares of the technology company’s stock worth $179,000 after buying an additional 259 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Nutanix by 0.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock worth $4,868,000 after buying an additional 260 shares during the last quarter. Summit Securities Group LLC raised its stake in Nutanix by 26.4% in the fourth quarter. Summit Securities Group LLC now owns 1,356 shares of the technology company’s stock valued at $70,000 after buying an additional 283 shares during the period. Finally, Covestor Ltd raised its stake in Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after buying an additional 324 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Down 0.5%

Shares of NASDAQ:NTNX opened at $59.26 on Friday. Nutanix has a 12-month low of $34.01 and a 12-month high of $82.42. The business has a 50 day moving average of $51.92 and a 200-day moving average of $45.08. The stock has a market cap of $16.02 billion, a PE ratio of 62.38, a P/E/G ratio of 5.25 and a beta of 0.61.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The company had revenue of $703.07 million for the quarter, compared to analyst estimates of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. Equities research analysts expect that Nutanix will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Bank of America lifted their target price on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $60.00 price target on shares of Nutanix in a report on Friday, May 29th. Zacks Research raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Monday. Northland Securities set a $47.00 price objective on shares of Nutanix in a report on Thursday, May 28th. Finally, KeyCorp reissued an “overweight” rating on shares of Nutanix in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Nutanix Company 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.