Swiss National Bank Trims Stock Position in Nutanix $NTNX

Swiss National Bank lessened its position in shares of Nutanix (NASDAQ:NTNX) by 27.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 508,400 shares of the technology company’s stock after selling 191,600 shares during the period. Swiss National Bank’s holdings in Nutanix were worth $19,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. New Millennium Group LLC purchased a new position in shares of Nutanix during the 4th quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in shares of Nutanix in the fourth quarter worth $39,000. Covestor Ltd raised its position in shares of Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after buying an additional 324 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after buying an additional 502 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its stake in Nutanix by 78.7% during the fourth quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after buying an additional 432 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NTNX. Morgan Stanley boosted their target price on Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Wall Street Zen raised Nutanix from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a research report on Wednesday, June 24th. Northland Securities set a $47.00 price objective on Nutanix in a report on Thursday, May 28th. Finally, Piper Sandler restated an “overweight” rating on shares of Nutanix in a research report on Wednesday, June 24th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Nutanix Stock Up 4.6%

NTNX opened at $55.04 on Friday. The business’s fifty day simple moving average is $50.94 and its 200 day simple moving average is $44.96. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The stock has a market cap of $14.88 billion, a PE ratio of 57.94, a P/E/G ratio of 4.64 and a beta of 0.61.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The firm had revenue of $703.07 million during the quarter, compared to analyst estimates of $686.34 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. As a group, equities analysts anticipate 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.