AustralianSuper Pty Ltd Raises Holdings in Nutanix $NTNX

AustralianSuper Pty Ltd lifted its stake in Nutanix (NASDAQ:NTNX) by 66.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 433,807 shares of the technology company’s stock after purchasing an additional 173,025 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Nutanix were worth $32,271,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC grew its position in Nutanix by 30.8% during the 2nd quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock worth $360,206,000 after purchasing an additional 1,108,261 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Nutanix by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,549,909 shares of the technology company’s stock worth $346,720,000 after buying an additional 25,918 shares during the period. Federated Hermes Inc. grew its holdings in shares of Nutanix by 10.7% during the third quarter. Federated Hermes Inc. now owns 3,559,876 shares of the technology company’s stock valued at $264,819,000 after buying an additional 344,076 shares during the last quarter. Norges Bank acquired a new position in shares of Nutanix in the 2nd quarter valued at $263,938,000. Finally, Marshall Wace LLP raised its stake in Nutanix by 75.9% in the 2nd quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock worth $250,655,000 after acquiring an additional 1,415,117 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Down 5.6%

Nutanix stock opened at $39.46 on Friday. The business’s 50-day moving average price is $49.15 and its 200 day moving average price is $63.68. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 52.61, a price-to-earnings-growth ratio of 4.46 and a beta of 0.49. Nutanix has a 52 week low of $38.65 and a 52 week high of $83.36.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays reiterated an “equal weight” rating and set a $53.00 price target (down previously from $64.00) on shares of Nutanix in a research note on Thursday, January 15th. Needham & Company LLC cut their price target on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Zacks Research lowered shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Northland Securities decreased their price objective on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a report on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average price target of $71.07.

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.