Nutanix $NTNX Position Boosted by Nordea Investment Management AB

Nordea Investment Management AB boosted its holdings in Nutanix (NASDAQ:NTNX) by 22.8% during the 4th quarter, Holdings Channel reports. The fund owned 3,517,888 shares of the technology company’s stock after acquiring an additional 653,042 shares during the quarter. Nordea Investment Management AB’s holdings in Nutanix were worth $181,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in NTNX. Park Avenue Securities LLC acquired a new position in shares of Nutanix during the fourth quarter valued at $270,000. New Mexico Educational Retirement Board bought a new stake in shares of Nutanix during the third quarter valued at about $4,062,000. IFP Advisors Inc lifted its holdings in Nutanix by 0.6% in the third quarter. IFP Advisors Inc now owns 59,940 shares of the technology company’s stock worth $4,459,000 after purchasing an additional 387 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in Nutanix by 11.0% in the third quarter. Swiss Life Asset Management Ltd now owns 30,842 shares of the technology company’s stock worth $2,294,000 after purchasing an additional 3,054 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in Nutanix in the 3rd quarter valued at about $679,000. Institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 3.8%

Shares of Nutanix stock opened at $39.48 on Monday. Nutanix has a 52 week low of $35.39 and a 52 week high of $83.36. The stock has a market cap of $10.47 billion, a PE ratio of 42.91, a price-to-earnings-growth ratio of 4.22 and a beta of 0.49. The company’s 50-day moving average price is $41.47 and its two-hundred day moving average price is $55.60.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.12. The company had revenue of $722.83 million during the quarter, compared to analyst estimates of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. On average, equities analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on NTNX shares. Morgan Stanley lowered their target price on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 24th. UBS Group upped their price target on shares of Nutanix from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Wells Fargo & Company lowered their price objective on shares of Nutanix from $57.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research report on Monday, December 29th. Finally, Northland Securities decreased their price target on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.43.

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.