Nutanix $NTNX Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in Nutanix (NASDAQ:NTNX) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 682,619 shares of the technology company’s stock after purchasing an additional 73,057 shares during the period. Fisher Asset Management LLC owned approximately 0.25% of Nutanix worth $35,285,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NTNX. New Millennium Group LLC acquired a new stake in Nutanix in the fourth quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new stake in Nutanix in the fourth quarter worth approximately $39,000. Covestor Ltd lifted its position in Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after purchasing an additional 324 shares during the period. Optiver Holding B.V. acquired a new stake in Nutanix in the third quarter worth approximately $68,000. Finally, Wilmington Savings Fund Society FSB lifted its position in Nutanix by 135.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after purchasing an additional 609 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays cut their target price on Nutanix from $53.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Royal Bank Of Canada restated an “outperform” rating and issued a $55.00 target price on shares of Nutanix in a research report on Wednesday, April 8th. Needham & Company LLC cut their price objective on Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. The Goldman Sachs Group cut their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $60.00 price objective on shares of Nutanix in a research report on Friday, May 22nd. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and a consensus price target of $60.87.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $46.55 on Wednesday. Nutanix has a one year low of $34.01 and a one year high of $82.42. The stock has a fifty day moving average of $41.53 and a 200-day moving average of $45.75. The company has a market capitalization of $12.35 billion, a PE ratio of 50.60, a price-to-earnings-growth ratio of 5.26 and a beta of 0.54.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The company had revenue of $722.83 million during the quarter, compared to the consensus estimate of $709.83 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts forecast that Nutanix will post 0.56 EPS for the current fiscal 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.